News and Information from Bond Buyer

The Treasury Department said Monday it will sell $45 billion of four-week discount bills Tuesday.

The Bond Buyer will for the first time showcase the brightest young minds in the municipal bond industry with a new program we're calling Rising Stars. Nominate your Rising Star by clicking the link inside.

Indicator Last Report Forecast Actual NAHB Housing Index June: 60 July: 60 July: 59

The Harris County Hospital District earned a two-notch Fitch Ratings upgrade to AA despite weakness in the Houston area's energy economy.

Builders' confidence in the market for new single-family homes was down marginally as the National Association of Home Builders' housing market index slid to 59 in July from 60 in June.

Municipal bond traders are returning to work on Monday looking forward to this week's varied slate of new issues. They will be keeping an eye on muni yields, which have been moving steadily higher in the past few trading sessions.

The New York region's service sector activity "expanded modestly," according to the Federal Reserve Bank of New York's July Business Leaders Survey, released Monday.

Jul. 18, 2016 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA+/AA+ 0.72 1.35 1.99 2.6 Delaware Aaa/AAA/AAA 0.52 0.86 1.4 2.04 Maine Aa2/AA/AA 0.54 0.94 1.53 2.16 Maryland Aaa/AAA/AAA 0.52 0.89 1.45 2.05 Massachusetts Aa1/AA+/AA+ 0.56 0.95 1.59 2.25 New Hampshire Aa1/AA/AA+ 0.54 0.91 1.45 2.14 New Jersey A2/A/A 0.87 1.59 2.21 2.8 New York Aa1/AA+/AA+ 0.52 0.87 1.47 2.2 Pennsylvania Aa3/AA+/AA+ 0.67 1.35 2.06 2.7 Rhode Island Aa2/AA/AA 0.57 1.06 1.73 2.4 Vermont Aaa/AA+/AAA 0.52 0.88 1.43 2.06 Dist. of Columbia Aa1/AA/AA 0.56 0.98 1.62 2.29 Puerto Rico Caa3/CC/CC 29.52 15.27 10.81 8.15

7/15/2016 7/8/2016 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 1 4,350 2 $59,055 -$54,705 Delaware 0 0 1 21,090 -21,090 Maine 1 40,000 2 15,495 24,505 Maryland 8 287,820 0 0 287,820 Massachusetts 5 546,874 4 233,046 313,828 New Hampshire 0 0 0 0 0 New Jersey 7 69,594 10 199,576 -129,982 New York 21 653,714 28 1,354,817 -701,103 Pennsylvania 16 347,550 15 1,607,300 -1,259,750 Rhode Island 1 87,820 0 0 87,820 Vermont 1 89,000 2 119,145 -30,145 District of Columbia 0 0 0 0 0 Puerto Rico 1 750,000 1 750,000 0

Monday, July 18 Issuer St Description Amount

Monday, July 18 Issuer St Description Amount

Monday, July 18 Issuer St Description Amount

Week Of July 18 Issuer St Description Amount

KENTUCKY

ALABAMA

Day Indicator Last Report Forecast Monday NAHB Housing Index June: 60 July: 60 Tuesday Housing Starts May: 1.164M June: 1.170M Tuesday Building Permits May: 1.136M June: 1.150M Thursday Initial Jobless Claims 7/9: 254,000 7/16: 265,000 Thursday Continuing Claims 7/2: 2.149M 7/9: 2.130M Thursday Philly Fed Manufacturing June: 4.7 July: 5.0 Thursday Existing Home Sales May: 5.53M June: 5.47M Thursday Leading Indicators May: -0.2% June: +0.2%

Government

Detroit announced plans to pay for higher contributions to its public safety pension fund by hiring fewer firefighters.

Congressional leaders have named the eight members who will serve on a legislative task force responsible for examining possible ways to boost Puerto Rico’s struggling economy.