News and Information from Bond Buyer

The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.245% high yield, a price of 99.980944.

Assured Guaranty and Orrick, Herrington & Sutcliffe LLP held onto their No. 1 rankings as competition among municipal bond insurers and counsel heated up through the first three quarters of 2016.

Massachusetts Treasurer Deborah Goldberg has banned Wells Fargo from its list of approved underwriters for one year, citing the fake-accounts scandal,

Municipal market participants are prepared for the busiest day of the week, which will feature seven deals greater than $500 million each from some big name issuers from California, New York, Connecticut and Texas.

Nevada Gov. Brian Sandoval signed legislation to provides public money to build a National Football League stadium in Las Vegas.

Education is potentially the most important public service to suffer from the $1.7 trillion pension funding crisis, said a Manhattan Institute report.

Illinois' arrangement to directly place $600 million of existing floating-rate debt with four banks received a positive review from Moody's Investors Service though its Baa2 rating and negative outlook are unchanged.

James Colby, Senior Municipal Strategist and author of the Muni Nation blog at Van Eck, stopped by The Bond Buyer recently to chat with Senior Markets Reporter Chip Barnett about municipal market performance. He also discussed the stability of munis versus other asset classes, muni bond fund inflows versus money market fund outflows, muni exchange traded funds, and what to expect in the last quarter the year.

Indicator Last Report Forecast Actual Empire State Manufacturing Sept.: -1.99 Oct.: 1.00 Oct.: -6.80 Industrial Production Aug.: -0.4% Sept.: +0.2% Sept.: +0.1% Capacity Utilization Aug.: 75.5 Sept.: 75.6 Sept.: 75.4

Oct. 18, 2016 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA-/NR 0.83 1.26 1.93 2.8 Arkansas Aa1/AA/NR 0.79 1.18 1.8 2.65 Colorado Aa1/AA/NR 0.8 1.24 1.89 2.76 Kansas Aa2/AA/NR 0.8 1.23 1.89 2.74 New Mexico Aaa/AA+/NR 0.8 1.18 1.81 2.68 Oklahoma Aa2/AA+/AA+ 0.8 1.24 1.91 2.78 Texas Aaa/AAA/AAA 0.83 1.26 1.89 2.77 Utah Aaa/AAA/AAA 0.78 1.13 1.71 2.56

10/17/2016 10/10/2016 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 6 $173,685 6 $973,850 -$800,165 Arkansas 5 91,650 7 35,245 56,405 Colorado 7 84,250 4 46,200 38,050 Kansas 8 46,505 2 14,315 32,190 New Mexico 2 25,745 2 62,000 -36,255 Oklahoma 7 184,895 5 1,850 183,045 Texas 50 1,376,765 37 1,379,418 -2,653 Utah 3 141,405 2 29,545 111,860

Tuesday, October 18 Issuer St Description Amount

Tuesday, October 18 Issuer St Description Amount

Week Of October 17 Issuer St Description Amount

Week Of October 17 Issuer St Description Amount

CONNECTICUT

CALIFORNIA

California tax revenue came in $217 million below the expected $24.8 billion for the first three months of fiscal 2017 , according to a California Department of Finance release.

Government

The Puerto Rico Oversight Board is considering filing briefs in four Puerto Rico bond suits.