News and Information from Bond Buyer

The Securities Industry and Financial Markets Association wants bank regulators to avoid adopting harsh international capital standards for trading that could have a chilling effect on the municipal market and hurt liquidity.

After reducing its revenue forecast for the current fiscal year, Kansas hit its November revenue target as lawmakers prepared for another lean budget year.

Energy-producing states affected by two years of deterioration in natural resource prices can expect continued global headwinds to pressure revenues, according to Fitch Ratings.

Municipal bonds were trading steady to stronger at mid-session, according to traders, who were looking ahead to next week's nearly $10 billion new issue calendar.

WASHINGTON – Rep. Richard Neal, a long-time supporter of municipal bonds, was named ranking minority member of the powerful House Ways and Means Committee on Friday.

Newark, N.J., and Essex County have successfully pitched a plan to retire their outstanding debt for a former minor league baseball stadium.

Municipal bonds were steady to weaker in early activity, according to traders, who were going through their inventory after a busy week and looking ahead of next week's nearly $10 billion new issue calendar.

The state treasurers of Connecticut and Illinois cautiously praised Wells Fargo after the scandal-ridden bank's board of directors on Dec. 1 amended its bylaws to require and independent board chairman.

There is a sense among some market participants that the landscape for state credit has shifted amid concerns about revenue loss, pension liabilities, and other difficult-to-solve problems.

"New York City business activity showed confidence and optimism after an uncertain summer and fall," as the current business conditions index increased to 52.5 in November from 49.2 in October, the Institute for Supply Management-New York's Report on Business index, released Friday, indicated.

U.S. inflationary pressures were up in November, as the U.S. future inflation gauge gained to 113.8 from a downwardly revised 113.4 reading in October, first reported as 113.7, according to data released Friday morning by the Economic Cycle Research Institute.

Dec. 2, 2016 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aa2/AA+/AA+ 1.06 2.2 2.97 3.76 California Aa3/AA-/AA- 0.95 2.06 2.84 3.63 Hawaii Aa1/AA+/AA 0.95 2.01 2.77 3.53 Idaho Aa1/AA+/AA+ 0.91 1.95 2.7 3.45 Montana Aa1/AA/AA+ 0.91 1.94 2.71 3.47 Nevada Aa2/AA/AA+ 0.96 2.01 2.78 3.54 Oregon Aa1/AA+/AA+ 0.96 1.94 2.62 3.39 Washington Aa1/AA+/AA+ 0.95 2.03 2.79 3.59 Wyoming NR/AAA/NR 0.91 1.91 2.62 3.36

12/1/2016 11/24/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 3 $12,985 -$12,985 California 34 818335 39 1,107,745 -289,410 Hawaii 0 0 0 0 0 Idaho 0 0 0 0 0 Montana 1 19800 1 19,800 0 Nevada 0 0 1 35,730 -35,730 Oregon 4 402075 1 171,015 231,060 Washington 6 921500 8 965,340 -43,840 Wyoming 1 90000 1 90,000 0

Friday, December 2 Issuer St Description Amount

Monday, December 5 Issuer St Description Amount