News and Information from Bond Buyer

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Day Indicator Last Report Forecast Monday Empire State Manufacturing Sept.: -1.99 Oct.: 1.00 Monday Industrial Production Aug.: -0.4% Sept.: +0.2% Monday Capacity Utilization Aug.: 75.5 Sept.: 75.6 Tuesday CPI Aug.: +0.2% Sept.: +0.3% Tuesday CPI Core Aug.: +0.3% Sept.: +0.2% Tuesday NAHB Housing Index Sept.: 65 Oct.: 63 Wednesday Housing Starts Aug.: 1.142M Sept.: 1.175M Wednesday Building Permits Aug.: 1.139M Sept.: 1.164M Thursday Initial Jobless Claims 10/8: 246,000 10/15: 251,000 Thursday Continuing Claims 10/1: 2.046M 10/8: n/a Thursday Philly Fed Manufacturing Sept.: 12.8 Oct.: 5.8 Thursday Existing Home Sales Aug.: 5.33M Sept.: 5.35M Thursday Leading Indicators Aug.: -0.2% Sept.: +0.2%

Gary Hall, national head of investment banking at Siebert Cisneros Shank & Co., has become the firm’s newest equity partner, the company announced on Monday. Hall, who becomes the firm’s sixth equity partner, is based out of the firm’s West Coast headquarters in Oakland.

Government

Puerto Rico told the Puerto Rico Oversight Board it would have $0 to pay for debt service in the next 10 years unless the federal government passed measures to improve the island’s economy.

Ohio became the latest bond issuer to suspend doing business with Wells Fargo & Co. over its phony accounts scandal.

If market participants thought they had a lot of options in the past week, they might feel overwhelmed in the coming five days, as primary municipal volume is expected to vault to more than $15 billion.

Cincinnati Earns Upgrade Ahead of Sale

Transit advocates see Baltimore's proposed Red Line as key part of multi-state rail link.

The Municipal Securities Rulemaking Board must now have at least one municipal advisor representative board member present to constitute a quorum under a rule change it filed with the Securities and Exchange Commission on Friday.

The Great Lakes Water Authority achieved $309 million in net cash flow savings on the refunding piece of in its inaugural $1.33 billion deal, the agency said Friday.

Miami agreed to pay $1 million to settle securities fraud charges after the city was found guilty by a local jury of playing a shell game to hide its deteriorating financial condition from bondholders.

The Securities and Exchange Commission enforcement division’s heightened attention on the municipal market and application of new legal techniques to that enforcement are “here to stay,” according to the commission’s top cop, Andrew Ceresney.

Cook County’s proposed 2017 $4.4 billion operating budget relies on a tax on soda and other sugary beverages to help erase red ink while protecting spending on health and public safety services.

Securities and Exchange Commission Chair Mary Jo White should be demoted as head of the agency because of her lack of support for a rule that would require companies to publicly disclose their political spending, Sen. Elizabeth Warren, D-Mass., said Friday.

The credit quality of New York State’s local governments and school districts has stayed stable the last eight years, as rising real estate values made up for a slow economic recovery and increased pension costs, according to S&P Global Ratings.

Top-shelf municipal bonds were weaker at mid-session, traders said, as the market looks ahead to next week's massive new issue calendar.

New York Gov. Andrew Cuomo is pushing for automatic tolling at Metropolitan Transportation Authority-operated bridges and tunnels in hopes of echoing other states that have eased traffic congestion through similar strategies.

The University of Michigan's preliminary October consumer sentiment index reading was 87.9, compared to the final September 91.2, and the preliminary September 89.8, according to market sources.