News and Information from Bond Buyer

Manufacturing activity in the Federal Reserve Bank of Kansas City's region "expanded again at a moderate pace" in October, according to the bank's monthly manufacturing survey, released Thursday.

The opening of New York's Second Avenue subway line by year's end remains an open question, said an independent engineer.

A federal court judge has approved Miami's $1 million settlement with the Securities and Exchange Commission over charges the city acted fraudulently in taking steps to hide its deteriorating financial condition from bondholders.

Indicator Last Report Forecast Actual Durable Goods Orders Aug.: +0.3% Sept.: +0.2% Sept.: -0.1% ex-Trans Aug.: +0.1% Sept.: +0.2% Sept.: +0.2% Initial Claims 10/15: 261,000 10/22: 259,000 10/22: 258,000 Continuing Claims 10/8: 2.054M 10/15: 2.063M 10/15: 2.039M Pending Home Sales Aug.: -2.5% Sept.: +1.2% Sept.: +1.5%

Pending home sales increased 1.5% to an index reading of 110.0 in September, after a revised 2.5% drop to 108.4 in August, according to a report released Thursday by the National Association of Realtors.

Municipal bond market participants are set to see the last of the week's big new issues come to market on Thursday, led off by deals from Colorado and Texas.

Oct. 27, 2016 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.75 1.19 1.82 2.64 Florida Aa1/AAA/AAA 0.73 1.18 1.83 2.66 Georgia Aaa/AAA/AAA 0.71 1.12 1.72 2.53 Kentucky Aa2/A+/AA- 0.75 1.26 1.92 2.76 Louisiana Aa3/AA/AA 0.8 1.48 2.18 3.04 Mississippi Aa2/AA/AA 0.73 1.15 1.94 2.76 North Carolina Aaa/AAA/AAA 0.71 1.12 1.72 2.53 South Carolina Aaa/AA+/AAA 0.72 1.14 1.76 2.57 Tennessee Aaa/AA+/AAA 0.71 1.12 1.72 2.54 Virginia Aaa/AAA/AAA 0.7 1.1 1.7 2.52 West Virginia Aa1/AA-/AA 0.74 1.22 1.88 2.67

10/26/2016 10/19/2016 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 1 $550,000 3 $829,250 -279,250 Florida 10 780,505 15 751,820 28,685 Georgia 6 463,895 4 969,075 -505,180 Kentucky 6 146,965 4 44,815 102,150 Louisiana 3 161,480 2 10,140 151,340 Mississippi 4 107,485 0 0 107,485 North Carolina 7 806,830 4 753,745 53,085 South Carolina 4 50,855 2 93,600 -42,745 Tennessee 3 180,660 2 53,390 127,270 Virginia 2 158,645 5 442,805 -284,160 West Virginia 0 0 0 0 0

Thursday, October 27 Issuer St Description Amount

Thursday, October 27 Issuer St Description Amount

Week Of October 24 Issuer St Description Amount

ARKANSAS

ALASKA

Government

Public finance and tax lawyer James McGettrick has joined Norton Rose Fulbright as an of counsel in the firm’s Washington, D.C. office, the company announced on Wednesday.

Northern California’s East Bay Municipal Utility District has suspended Wells Fargo from investment, broker-dealer and underwriter business for one year, though it won’t upend existing liquidity agreements.

An alignment of Catholic Health Initiatives with Dignity Health to create one of the nation’s largest nonprofit health-care providers would be a positive credit factor for the two organizations, according to Moody’s Investors Service.

One deal that didn’t hit traders’ screens was Alaska's $2.35 billion sale of taxable pension obligation bonds, which Gov. Bill Walker called off due to a lack of support from the state legislature.

New Mexico has fallen from the ranks of Moody’s Investors Service Aaa-rated states due to shrinking reserves and falling revenues.

New York MTA’s derivatives program reduces budget risk through interest-rate and fuel-hedging strategies, said finance director Patrick McCoy.