News and Information from Bond Buyer

Build America Mutual reported a record increase in claims-paying resources in the third quarter of 2016, but also took a statutory loss.

The Illinois Sports Facilities Authority took a four-notch rating blow because of worries that its state debt service appropriation is at risk due to continued state budget gridlock.

A new funding agreement for New Jersey’s Transportation Trust Fund has reignited the long-sought extension of a light rail project linking Hudson and Bergen counties.

Top-shelf municipal bonds were stronger at mid-session, traders said, ahead of $3.1 billion of new supply slated to hit the market in the upcoming holiday-shortened trading week.

Assured Guaranty Ltd., the biggest municipal bond insurer, reported gains in second-quarter profit, boosted by its acquisition strategy.

Municipal bond traders were taking breather after week dominated by big issues hitting the market and ahead of the upcoming holiday-shortened trading week.

Connecticut's heavy reliance on the property tax to fund pre-K through 12 public education causes spending inequities, said the Connecticut Conference of Municipalities.

U.S. inflationary pressures were up in October, as the U.S. future inflation gauge gained to 113.7 from an upwardly revised 113.2 reading in September, first reported as 113.1, according to data released Friday morning by the Economic Cycle Research Institute.

While not predicting when he expected the Federal Open Market Committee to raise the fed funds rate target, Federal Reserve Bank of Atlanta President Dennis Lockhart said Friday increases are not "preprogrammed" and will be decided on data available at each meeting.

Nov. 4, 2016 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aa2/AA+/AA+ 0.83 1.33 2.05 2.93 California Aa3/AA-/AA- 0.7 1.21 1.95 2.71 Hawaii Aa1/AA+/AA 0.73 1.22 1.88 2.74 Idaho Aa1/AA+/AA+ 0.69 1.23 1.88 2.72 Montana Aa1/AA/AA+ 0.69 1.22 1.89 2.74 Nevada Aa2/AA/AA+ 0.73 1.26 1.93 2.8 Oregon Aa1/AA+/AA+ 0.71 1.17 1.76 2.59 Washington Aa1/AA+/AA+ 0.73 1.25 1.94 2.81 Wyoming NR/AAA/NR 0.69 1.19 1.8 2.63

11/3/2016 10/27/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 0 $0 $0 California 29 998415 17 595,895 402,520 Hawaii 0 0 0 0 0 Idaho 0 0 0 0 0 Montana 0 0 0 0 0 Nevada 1 10940 1 15,000 -4,060 Oregon 0 0 0 0 0 Washington 2 93000 4 329,415 -236,415 Wyoming 0 0 0 0 0

Tuesday, November 8 Issuer St Description Amount

Monday, November 7 Issuer St Description Amount

Week Of November 7 Issuer St Description Amount

Friday, November 4 Issuer St Description Amount

ARKANSAS

ALABAMA

A recent trend of seeing Texas revenues fall short of projections was reversed by a slight increase in October, according to state Comptroller Glenn Hegar.

In the week ended Nov. 3, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell one basis point to 3.94% from 3.95% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Government