News and Information from Bond Buyer

The Treasury Department Tuesday auctioned $50 billion of four-week bills at a 0.260% high yield, a price of 99.979778.

Rhode Island Commerce Corp. plans a negotiated sale of $250 million in Series 2016B state Department of Transportation grant anticipation bonds.

Municipal bond traders are set to see the start of the week's new issue supply come to market, topped by a big sale from the Massachusetts School Building Authority.

U.S. Bank Wealth Management senior fixed income strategist Dan Heckman joins markets reporter Aaron Weitzman to discuss two ever-increasingly important topics; infrastructure and pension, as well as interested rates and how overall municipal volume is on the rise. They also talk about how no matter who wins the presidential election in November, the outcome should translate to more spending on infrastructure.

Tuesday, October 4 Issuer St Description Amount

Tuesday, October 4 Issuer St Description Amount

Week Of October 3 Issuer St Description Amount

ILLINOIS

NEBRASKA

Indicator Last Report Forecast Actual Construction Spending July: unch Aug.: +0.2% Aug.: -0.7% ISM Manufacturing PMI Aug.: 49.4 Sept.: 50.3 Sept.: 51.5

Oct. 4, 2016 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA-/NR 0.83 1.15 1.73 2.55 AZ Arkansas Aa1/AA/NR 0.79 1.07 1.6 2.4 AR Colorado Aa1/AA/NR 0.8 1.13 1.69 2.51 CO Kansas Aa2/AA/NR 0.8 1.12 1.69 2.49 KS New Mexico Aaa/AA+/NR 0.8 1.07 1.61 2.43 NM Oklahoma Aa2/AA+/AA+ 0.8 1.13 1.71 2.53 OK Texas Aaa/AAA/AAA 0.81 1.12 1.68 2.52 TX Utah Aaa/AAA/AAA 0.78 1.02 1.51 2.31 UT

10/3/2016 9/26/2016 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 8 $1,098,005 6 $240,825 $857,180 Arkansas 10 70,595 4 21,230 49,365 Colorado 4 45,355 3 44,810 545 Kansas 3 16,005 12 205,520 -189,515 New Mexico 1 42,000 0 0 42,000 Oklahoma 18 101,890 13 191,380 -89,490 Texas 40 2,912,455 30 1,814,955 1,097,500 Utah 5 256,820 3 26,965 229,855

Government

Fieldman, Rolapp & Associates principals reflect back on changes wrought for municipal advisors during their 50 years in business.

Three more private detention centers in Texas lost their investment-grade ratings in the wake of a new federal policy aimed at halting use of the for-profit facilities.

Fallout from the Wells Fargo phony accounts scandal has reached Midwest bond borrowers, with Illinois announcing bans on bond and investment work and the Chicago City Council set to consider a moratorium on any bond-related business.

The Internal Revenue Service appears to have reversed itself in recently closing an audit with no change to the tax-exempt status of some general obligation bonds issued by a Pennsylvania school district issued in 2005 and advance refunded in 2013.

Top-rated municipal bonds were mixed on Monday, according to traders, as the market prepared for a hefty $14.23 billion new issue calendar.

A Kentucky Supreme Court ruling that Gov. Matt Bevin does not have authority to withhold university funds is a credit negative, Moody's Investors Service said, because it will be harder to manage difficult budgets without help from lawmakers.

Peter Cannava is fighting the Securities and Exchange Commission’s attempt to put him back into its lawsuit over 38 Studios’ private placement by trying to amend the complaint to include more details about his alleged aiding and abetting the defrauding of investors.