News and Information from Bond Buyer

Biotech Amgen has agreed to pay $95 million to settle a class action filed on behalf of investors with Connecticut Retirement Plans and Trust Funds as lead plaintiff.

The town of Ramapo, N.Y. and one of four individuals charged with securities fraud by the Securities and Exchange Commission for misleading muni bond investors are disputing the charges and urging a federal judge to dismiss the case.

The Hawaii House and Senate overrode the governor's veto of a bill he said could lead to a downgrade of the state's bonds.

The Treasury Department said it will auction $15 billion two-year floating rate notes on Wednesday, July 27.

The Treasury Department said Thursday it will auction $37 billion 91-day bills and $32 billion 182-day discount bills Monday.

The Treasury Department said it will auction $28 billion seven-year notes on Thursday, July 28.

The California Public Employees' Retirement System this week reported a preliminary 0.61% return on its investments for the past year, which is likely to pressure governments that contribute to the system.

Los Angeles Unified School District has four times the unfunded OPEB liability of its closest peers, according to a Moody's Investors Service report.

Indicator Last Report Forecast Actual Initial Jobless Claims 7/9: 254,000 7/16: 265,000 7/16: 253,000 Continuing Claims 7/2: 2.153M 7/9: 2.130M 7/9: 2.128M Philly Fed Manufacturing June: 4.7 July: 5.0 July: -2.9 Existing Home Sales May: 5.51M June: 5.47M June: 5.57M Leading Indicators May: -0.2% June: +0.2% June: +0.3%

The composite index of Leading Economic Indicators was up 0.3% in June following an unrevised 0.2% drop in May, the Conference Board reported Thursday.

Existing home sales grew 1.1% to a seasonally adjusted 5. 75 million-unit rate in June from a downwardly revised 5.51 million sales pace the previous month, the National Association of Realtors announced Thursday.

Municipal bond traders are set to see the last of the week's big new issues come to market, topped by the sale of four competitive offerings from Columbus, Ohio.

The Chicago Fed National Activity Index for June climbed to positive 0.16 from negative 0.56 in May, while the three-month moving average (CFNAI-MA3) narrowed to negative 0.12 from negative 0.39 in May, the Federal Reserve Bank of Chicago reported Thursday.

The region's manufacturing sector contracted in July, as the general business conditions index slipped to negative 2.9 from positive 4.7 in June, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.

The European Central Bank announced its Governing Council held interest rates at its latest monetary policy meeting Thursday.

Jul. 21, 2016 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.56 0.94 1.55 2.24 Florida Aa1/AAA/AAA 0.54 0.97 1.6 2.23 Georgia Aaa/AAA/AAA 0.52 0.88 1.45 2.1 Kentucky Aa2/A+/AA+ 0.56 1.02 1.65 2.33 Louisiana Aa3/AA/AA 0.7 1.29 1.94 2.65 Mississippi Aa2/AA/AA 0.54 0.98 1.68 2.36 North Carolina Aaa/AAA/AAA 0.52 0.88 1.45 2.1 South Carolina Aaa/AA+/AAA 0.53 0.9 1.49 2.14 Tennessee Aaa/AA+/AAA 0.52 0.9 1.48 2.11 Virginia Aaa/AAA/AAA 0.51 0.87 1.44 2.09 West Virginia Aa1/AA+/AA+ 0.55 1 1.61 2.28

7/20/2016 7/13/2016 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 0 $0 1 $8,210 -8,210 Florida 8 927,990 5 589,610 338,380 Georgia 4 62,265 3 77,420 -15,155 Kentucky 3 36,695 4 24,710 11,985 Louisiana 4 229,955 2 13,120 216,835 Mississippi 6 120,855 2 18,750 102,105 North Carolina 4 779,565 1 513,990 265,575 South Carolina 1 50,000 0 0 50,000 Tennessee 4 60,900 2 7,490 53,410 Virginia 2 153,120 2 75,660 77,460 West Virginia 0 0 2 74,240 -74,240

Thursday, July 21 Issuer St Description Amount

Thursday, July 21 Issuer St Description Amount