News and Information from Bond Buyer

Top-quality municipal bonds were unchanged at mid-session, traders said, as deals from Illinois and the Great Lakes Water Authority swept into the market.

Lawmakers gave the California Infrastructure and Economic Development Bank approval to hire new staff, growing employee numbers by nearly one-third.

Monetary policy is complicated by the aging population leaving the workforce, thereby lowering productivity, Federal Reserve Bank of Philadelphia President Patrick T. Harker said Thursday.

Puerto Rico Gov. Alejandro García Padilla plans to present a 10 year fiscal plan to the Oversight Board at its second meeting Friday.

The Treasury Department said Thursday it will auction $5 billion 29-year four-month 1% inflation-indexed notes on Oct. 20.

The Treasury Department said Thursday it will auction $42 billion 91-day bills and $36 billion 182-day discount bills Monday.

Labor market conditions were "little changed and momentum remained high in September," as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) gained to 0.11 in September from a revised 0.10 in August, first reported as 0.09, according to the Bank.

Pittsburgh is poised to leave state fiscal oversight by 2019, said Mayor Bill Peduto.

Municipal bond traders are waiting to see the largest deals of the week hit the screens on Thursday, topped by two offerings from Midwest issuers.

Thursday, October 13 Issuer St Description Amount

Thursday, October 13 Issuer St Description Amount

Monday, October 17 Issuer St Description Amount

Week Of October 11 Issuer St Description Amount

Oct. 13, 2016 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.82 1.19 1.79 2.6 Florida Aa1/AAA/AAA 0.8 1.19 1.79 2.62 Georgia Aaa/AAA/AAA 0.78 1.12 1.67 2.49 Kentucky Aa2/A+/AA- 0.82 1.26 1.87 2.72 Louisiana Aa3/AA/AA 0.87 1.48 2.13 3 Mississippi Aa2/AA/AA 0.8 1.15 1.89 2.72 North Carolina Aaa/AAA/AAA 0.78 1.12 1.67 2.49 South Carolina Aaa/AA+/AAA 0.79 1.14 1.71 2.53 Tennessee Aaa/AA+/AAA 0.78 1.12 1.67 2.5 Virginia Aaa/AAA/AAA 0.77 1.11 1.66 2.48 West Virginia Aa1/AA-/AA 0.81 1.24 1.83 2.63

ARKANSAS

ALABAMA

10/12/2016 10/5/2016 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 5 $901,840 1 $550,000 351,840 Florida 4 317,950 4 365,235 -47,285 Georgia 5 973,965 5 1,083,510 -109,545 Kentucky 5 150,810 12 256,025 -105,215 Louisiana 1 4,330 0 0 4,330 Mississippi 0 0 0 0 0 North Carolina 6 1,284,050 5 1,087,105 196,945 South Carolina 1 18,220 3 134,840 -116,620 Tennessee 3 122,505 3 174,605 -52,100 Virginia 4 218,295 1 14,055 204,240 West Virginia 0 0 0 0 0

Government

Hillary Clinton’s tax plan would increase federal revenue by $1.4 trillion over 10 years, reining in federal debt increases, while Donald Trump’s plan would increase the federal debt by $7.2 trillion, according to the Tax Policy Center.

Laurie Martin is deputy chief investment officer for Connecticut’s $30 billion Connecticut Retirement Plans and Trust Funds, state Treasurer Denise Nappier announced.