News and Information from Bond Buyer

The five-year federal transportation funding act and state initiatives will boost infrastructure construction next year, ARTBA said.

California Attorney General Kamala Harris approved a management agreement for the Daughters of Charity Health System saying it would stave off bankruptcy and maintain services at the hospital chain.

Improving operating margins helped win Missouri-based Mercy Health a stable outlook from Moody's Investors Service.

The Internal Revenue Service told Woodland Hills School District in Allegheny County, Pa. that bonds it issued in 2005 and advance refunded in 2013 may violate tax requirements and be taxable.

New York’s MTA says it has substantially completed two significant contracts on East Side Access, the megaproject intended to bring LIRR service to Grand Central Terminal.

The Massachusetts Pension Reserves Investment Management Board and two of its executives earned top honors for innovation from Asset International-CIO.

Nassau County, N.Y.’s fiscal control board has approved its $2.95 billion 2016 budget, while mandating quarterly reviews to track if revenue and spending levels are on the right track.

Conflicting reads from different data caused the Federal Open Market Committee to push back liftoff, Federal Reserve Bank of St. Louis President James Bullard said Tuesday.

Top-quality municipal bonds were mixed at mid-session, according to traders, with prices weaker on the short end, steady for intermediates, and stronger on the long end.

With dozens of private detention facilities in operation today, battles in the courts and campaign trail could enhance or dim the outlook for detention debt in 2016.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.280% high rate, up from 0.215% the prior week, and the six-months incurred a 0.535% high rate, up from 0.415% the week before.

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

The Federal Reserve's Labor Market Conditions Index, a compilation of 19 labor market measures, fell to 0.5 in November from a revised 2.2 in October.

The Conference Board's Employment Trends Index (ETI) slipped to 128.69 in November from an upwardly revised 129.75 in October, and is up 2.7% from a year ago, the group announced Monday.

Inflation, measured by the consumer price index, is forecast at 0.4% this year, but 1.9% next year, according to participants in the Federal Reserve Bank of Chicago's annual Economic Outlook Symposium, released Monday.

Municipal bond traders are preparing for this week's new issue calendar, which is estimated at $7.83 billion, consisting of $4.94 billion of negotiated deals and $2.89 billion of competitive sales.

Dec. 7, 2015 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.45 1.57 2.52 3.46 Delaware Aaa/AAA/AAA 0.36 1.25 2.01 2.96 Maine Aa2/AA/AA 0.39 1.34 2.11 3.07 Maryland Aaa/AAA/AAA 0.38 1.29 2.05 2.97 Massachusetts Aa1/AA+/AA+ 0.4 1.34 2.17 3.12 New Hampshire Aa1/AA/AA+ 0.39 1.33 2.1 3.09 New Jersey A1/A/A 0.73 2.12 2.97 3.92 New York Aa1/AA+/AA+ 0.38 1.28 2.07 3.14 Pennsylvania Aa3/AA+/AA+ 0.58 1.67 2.52 3.47 Rhode Island Aa2/AA/AA 0.46 1.51 2.37 3.32 Vermont Aaa/AA+/AAA 0.38 1.27 2.04 2.98 Dist. of Columbia Aa1/AA/AA 0.42 1.38 2.22 3.18 Puerto Rico Caa3/CC/CC 12.38 14.27 11.12 8.22

12/4/2015 11/27/2015 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 4 $89,025 3 $49,820 $39,205 Delaware 0 0 1 221,350 -221,350 Maine 0 0 2 31,895 -31,895 Maryland 1 18,000 1 300,000 -282,000 Massachusetts 3 29,400 8 697,336 -667,936 New Hampshire 1 4,675 0 0 4,675 New Jersey 10 361,210 9 93,630 267,580 New York 19 1,839,960 26 1,538,433 301,527 Pennsylvania 7 95,750 17 452,690 -356,940 Rhode Island 0 0 2 28,335 -28,335 Vermont 0 0 0 0 0 District of Columbia 1 97,745 1 97,745 0 Puerto Rico 1 750,000 1 750,000 0

Monday, December 7 Issuer St Description Amount

Monday, December 7 Issuer St Description Amount