News and Information from Bond Buyer

The composite index of Leading Economic Indicators was up 0.1% in October following an unrevised 0.2% increase in September, the Conference Board reported Friday.

In order to prevent the economy from overheating, the federal funds rate target must be raised slowly, Federal Reserve Bank of Kansas City President Esther George said Friday in explaining why she has pushed for a 25 basis point increase.

Monday, November 21 Issuer St Description Amount

Monday, November 21 Issuer St Description Amount

Friday, November 18 Issuer St Description Amount

CALIFORNIA

ALABAMA

Nov. 18, 2016 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aa2/AA+/AA+ 0.99 1.7 2.63 3.51 California Aa3/AA-/AA- 0.87 1.64 2.52 3.22 Hawaii Aa1/AA+/AA 0.89 1.63 2.45 3.26 Idaho Aa1/AA+/AA+ 0.85 1.58 2.39 3.2 Montana Aa1/AA/AA+ 0.85 1.57 2.4 3.22 Nevada Aa2/AA/AA+ 0.9 1.64 2.47 3.29 Oregon Aa1/AA+/AA+ 0.9 1.57 2.31 3.13 Washington Aa1/AA+/AA+ 0.89 1.63 2.47 3.34 Wyoming NR/AAA/NR 0.85 1.54 2.31 3.11

11/17/2016 11/10/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 3 $83,910 -$83,910 California 25 1137955 47 1,965,881 -827,926 Hawaii 0 0 0 0 0 Idaho 0 0 1 9,775 -9,775 Montana 0 0 0 0 0 Nevada 3 510840 4 521,780 -10,940 Oregon 3 55815 3 55,815 0 Washington 7 870900 5 323,000 547,900 Wyoming 1 90000 0 0 90,000

Government

Puerto Rico’s October revenues came in 11.9% above the government’s projections.

DALLAS -- U.S. economic performance next year is expected to be tepid or about the same as 2016, according to respondents of the Fitch Live Market Survey on Thursday.

In the week ended Nov. 17, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose 22 basis points to 4.19% from 3.97% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

The New York State Thruway Authority is expected to face fiscal challenges with its current revenue structure and must implement a long-term capital plan to cover important infrastructure needs, according to a new audit released by State Comptroller Thomas DiNapoli.

The Federal Trade Commission’s heightened scrutiny and challenge of not-for-profit healthcare mergers may not change much under a Trump administration, law firm Holland & Knight says a report.

Top-shelf municipal bonds were mostly unchanged, according to traders, who saw the last issuance of the week trickle in and the market starting to settle down.

Hawaii tops the national in GDP growth this year, but inflation is expected to slow the island state’s growth through 2019.

Rebecca Harrigal, the first female director of the Internal Revenue Service’s Office of Tax Exempt Bonds, will leave her post at the agency next month to join a law firm.

The Municipal Securities Rulemaking Board announced on Thursday that starting on Feb. 27, academic institutions will be able to request one-year data sets from a new data product that would identify dealers in some way without naming them.

Wayne County, Mich., got the green light to complete construction of a new downtown Detroit county jail, which will require $200 million of bond funding.