News and Information from Bond Buyer

Gambling is not a reliable and sustainable source of revenue for states or a solution to their budgetary problems, according to a recent report from the Rockefeller Institute of Government.

The Florida Municipal Power Agency named Peabody Energy Corp. executive Jacob A. Williams, a veteran of the private utility sector, to be its new general manager.

California achieved $494.5 million in present value savings when it refunded $2.04 billion of state general obligation bonds, said Treasurer John Chiang.

Minnesota highway officials say road conditions will worsen without solution to growing revenue gap.

Pennsylvania Auditor General Eugene DePasquale has begun an audit of Pittsburgh's public pension plan and repeated his call for statewide overhaul.

The market stars aligned for Berkeley, Calif., to land what participants call exceptional pricing for a parking revenue bond deal.

Top-quality municipal bonds were weaker at mid-session, according to traders, as the last big deal of the week came to market.

The Treasury Department said Thursday it will sell $40 billion of four-week discount bills Tuesday.

The Treasury Department said Thursday it will auction $40 billion 91-day bills and $36 billion 182-day discount bills Tuesday.

The National Development Council closed its $32 million parking system transaction with Scranton, Pa.

Indicator Last Report Forecast Actual Initial Claims 8/20: 261,000 8/27: 265,000 8/27: 263,000 Continuing Claims 8/13: 2.145M 8/20: 2.145M 8/20: 2.159M Productivity Q1: -0.6% Q2: -0.6% Q2: -0.6% Unit Labor Costs Q1: -0.3% Q2: +2.1% Q2: +4.3% Construction Spending June: +0.9% July: +0.5% July: unch ISM Manufacturing PMI July: 52.6 Aug.: 52.2 Aug.: 49.4

The overall economy grew for the eighty-seventh straight time, while the manufacturing sector contracted after five months of expansion, the Institute for Supply Management reported Thursday.

Municipal bond traders are set to see the last of the week's big deals come to market on Thursday ahead of Friday's unemployment report for August and the long holiday weekend.

Sep. 1, 2016 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.54 0.92 1.52 2.25 Florida Aa1/AAA/AAA 0.51 0.93 1.53 2.24 Georgia Aaa/AAA/AAA 0.5 0.86 1.42 2.11 Kentucky Aa2/A+/AA- 0.54 1 1.62 2.34 Louisiana Aa3/AA/AA 0.63 1.25 1.92 2.62 Mississippi Aa2/AA/AA 0.52 0.96 1.65 2.37 North Carolina Aaa/AAA/AAA 0.5 0.86 1.42 2.11 South Carolina Aaa/AA+/AAA 0.51 0.88 1.46 2.15 Tennessee Aaa/AA+/AAA 0.5 0.86 1.45 2.12 Virginia Aaa/AAA/AAA 0.49 0.85 1.41 2.1 West Virginia Aa1/AA-/AA+ 0.53 0.98 1.58 2.25

8/31/2016 8/24/2016 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 2 $633,380 1 $550,000 83,380 Florida 6 533,440 7 640,275 -106,835 Georgia 4 928,065 3 68,780 859,285 Kentucky 6 101,575 6 70,180 31,395 Louisiana 1 4,000 5 266,985 -262,985 Mississippi 3 13,585 2 17,230 -3,645 North Carolina 2 522,185 3 525,305 -3,120 South Carolina 4 47,725 3 85,035 -37,310 Tennessee 0 0 3 34,900 -34,900 Virginia 4 597,430 3 570,000 27,430 West Virginia 0 0 0 0 0

Thursday, September 1 Issuer St Description Amount

Thursday, September 1 Issuer St Description Amount

Week Of September 6 Issuer St Description Amount

Week Of August 29 Issuer St Description Amount

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