News and Information from Bond Buyer

Top-rated municipal bonds were flat in late morning activity, traders said, as the largest deal of the week hit the market on Monday.

Texas factory activity, as measured by the production index, "activity increased in August," according to the monthly Texas Manufacturing Outlook Survey conducted by the Federal Reserve Bank of Dallas, released Monday.

The largest African-American, Latino and woman-owned investment bank in the United States has changed its name to Siebert Cisneros Shank & Co., LLC, effective Monday, to reflect its ownership structure.

Municipal bond traders are set for the week's new issue calendar, which totals about $6.42 billion.

Aug. 29, 2016 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA-/AA- 0.63 1.25 1.92 2.65 Delaware Aaa/AAA/AAA 0.48 0.84 1.4 2.11 Maine Aa2/AA/AA 0.5 0.92 1.53 2.23 Maryland Aaa/AAA/AAA 0.48 0.86 1.44 2.12 Massachusetts Aa1/AA+/AA+ 0.51 0.92 1.55 2.31 New Hampshire Aa1/AA/AA+ 0.5 0.89 1.45 2.21 New Jersey A2/A/A 0.83 1.53 2.14 2.77 New York Aa1/AA+/AA+ 0.48 0.85 1.47 2.27 Pennsylvania Aa3/AA-/AA- 0.68 1.32 1.98 2.69 Rhode Island Aa2/AA/AA 0.53 1.04 1.73 2.47 Vermont Aaa/AA+/AAA 0.48 0.86 1.43 2.13 Dist. of Columbia Aa1/AA/AA 0.52 0.96 1.61 2.34 Puerto Rico Caa3/CC/CC 45.48 16.85 11.61 8.57

8/26/2016 8/19/2016 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 0 0 3 $79,355 -$79,355 Delaware 0 0 0 0 0 Maine 1 15,202 1 13,500 1,702 Maryland 0 0 1 328,290 -328,290 Massachusetts 1 2,920 5 898,170 -895,250 New Hampshire 0 0 1 9,886 -9,886 New Jersey 3 150,905 10 330,282 -179,377 New York 17 1,241,860 10 14,417 1,227,443 Pennsylvania 9 389,725 15 719,945 -330,220 Rhode Island 0 0 2 11,370 -11,370 Vermont 0 0 0 0 0 District of Columbia 0 0 0 0 0 Puerto Rico 1 750,000 1 750,000 0

Tuesday, August 30 Issuer St Description Amount

Monday, August 29 Issuer St Description Amount

Week Of August 29 Issuer St Description Amount

Week Of August 29 Issuer St Description Amount

ILLINOIS

ALABAMA

Day Indicator Last Report Forecast Monday Personal Income June: +0.2% July: +0.4% Monday Consumption June: +0.4% July: +0.3% Monday Core PCE Price Index June: +0.1% July: +0.1% Tuesday Consumer Confidence July: 97.3 Aug.: 97.0 Wednesday ADP July: +179,000 Aug.: +171,000 Wednesday Chicago PMI July: 55.8 Aug.: 54.3 Wednesday Pending Home Sales June: +0.2% July: +0.6% Thursday Initial Claims 8/20: 261,000 8/27: 265,000 Thursday Continuing Claims 8/13: 2.145M 8/20: 2.145M Thursday Productivity Q1: -0.6% Q2: -0.6% Thursday Unit Labor Costs Q1: -0.2% Q2: +2.1% Thursday Construction Spending June: -.06% July: +0.5% Thursday ISM Manufacturing PMI July: 52.6 Aug.: 52.2 Friday International Trade June: -$44.5B July: -$43.0B Friday Nonfarm Payrolls July: +255,000 Aug.: +180,000 Friday Private Payrolls July: +217,000 Aug.: +175,000 Friday Manufacturing Payrolls July: +9,000 Aug.: -2,000 Friday Unemployment Rate July: 4.9% Aug.: 4.8% Friday Avg Hourly Earnings July: +0.3% Aug.: +0.2% Friday Avg Work Week July: 34.5 Aug.: 34.5 Friday Factory Orders June: -1.5% July: +2.0%

An FBI corruption case is creating political discord in Puerto Rico, as one of two leading gubernatorial candidates asked for the President of Puerto Rico House of Representatives to resign.

Government

House Judiciary Committee chairman Rep. Robert Goodlatte has floated a draft online sales tax bill that would create a “hybrid origin-sourcing” tax framework for sales of products over the Internet.

Tennessee said it received a combined interest rate of 2.16% on the recent sale of $366 million of general obligation bonds – the lowest rate in state history.

CHICAGO – Illinois' largest retirement fund voted to lower its assumed investment return rate to 7% from 7.5%, a move that Gov. Bruce Rauner's administration had warned would have a "devastating" impact on funding for social services and education.

The Securities and Exchange Commission has announced it intends to issue an order that will allow municipal advisors that are also considered investment advisors to be excluded under its pay-to-play rule for investment advisers because they are now covered under a revised Municipal Securities Rulemaking Board rule.