News and Information from Bond Buyer

An attorney in California contends that the state treasurer erred by not allowing public comment prior to rolling out an anti-pay-to-play initiative.

Austin, Texas, council unanimously puts a $720 million mobility bond referendum to fund rebuild of city streets to November vote.

Gates Capital Corp. agreed to pay a $22,500 fine after the Financial Industry Regulatory Authority found the firm violated transaction reporting standards mandated under Municipal Securities Rulemaking Board rules.

Build America Mutual's primary market volume surged past $3 billion for the first time in the second quarter as the bond insurer posted the largest increase in claims-paying resources since its founding in 2012.

Top-quality municipal bonds were unchanged at mid-session, according to traders, as the market was set to see a calendar consisting of about $5.30 billion of new deals hit the screens this week.

The legal decisions governing public pension developments tell a complicated story.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.300% high rate, down from 0.305% the prior week, and the six-months incurred a 0.445% high rate, up from 0.440% the week before.

A two-month campaign to sell Atlantic City's former airport property to help pay down the city's massive debt burden yielded two bids that came in at a third of the minimum asking price.

The Treasury Department said Monday it will sell $55 billion of four-week discount bills Tuesday.

Lenders will own the private operator of State Highway 130 near Austin under a Chapter 11 bankruptcy reorganization plan filed last week.

Builders' confidence in the market for new single-family homes was higher as the National Association of Home Builders' housing market index rose to 60 in August from a downwardly revised 58 in July.

Indicator Last Report Forecast Actual Empire State Manufacturing July: 0.55 Aug.: 2.50 Aug.: -4.21 NAHB Housing Index July: 58 Aug.: 60 Aug.: 60

Municipal bond traders are returning to work on Monday set for a calendar lighter than the average week this year, with about $5.30 billion of new deals slated to come to market.

The Empire State Manufacturing Survey showed "business activity in New York State declined slightly this month," the Federal Reserve Bank of New York reported Monday, as the general business conditions index slipped to negative 4.21 in August from positive 0.55 in July.

Aug. 15, 2016 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA-/AA- 0.66 1.29 1.98 2.71 Delaware Aaa/AAA/AAA 0.46 0.86 1.42 2.15 Maine Aa2/AA/AA 0.48 0.94 1.55 2.27 Maryland Aaa/AAA/AAA 0.46 0.88 1.46 2.16 Massachusetts Aa1/AA+/AA+ 0.5 0.95 1.58 2.35 New Hampshire Aa1/AA/AA+ 0.48 0.91 1.47 2.25 New Jersey A2/A/A 0.81 1.57 2.2 2.87 New York Aa1/AA+/AA+ 0.46 0.87 1.49 2.31 Pennsylvania Aa3/AA-/AA- 0.66 1.37 2.05 2.76 Rhode Island Aa2/AA/AA 0.51 1.06 1.75 2.51 Vermont Aaa/AA+/AAA 0.46 0.88 1.45 2.17 Dist. of Columbia Aa1/AA/AA 0.5 0.98 1.63 2.38 Puerto Rico Caa3/CC/CC 40.96 16.17 11.08 8.36

8/12/2016 8/5/2016 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 4 175,165 3 $173,535 $1,630 Delaware 0 0 0 0 0 Maine 4 27,727 1 10,500 17,227 Maryland 2 25,540 0 0 25,540 Massachusetts 1 2,835 2 17,395 -14,560 New Hampshire 0 0 1 14,268 -14,268 New Jersey 6 317,660 2 11,809 305,851 New York 17 630,738 14 686,790 -56,052 Pennsylvania 8 90,935 17 1,761,225 -1,670,290 Rhode Island 0 0 0 0 0 Vermont 0 0 0 0 0 District of Columbia 0 0 0 0 0 Puerto Rico 1 750,000 1 750,000 0

Monday, August 15 Issuer St Description Amount

Monday, August 15 Issuer St Description Amount

Week Of August 15 Issuer St Description Amount