News and Information from Bond Buyer

Noting that his liftoff would come later than most of his colleagues, Federal Reserve Bank of Chicago President and Chief Executive Officer Charles L. Evans said Tuesday, he's more interested in the "trajectory" of rates after liftoff than when the first rate hike occurs, and he believes a fed funds rate under 1% at the end of 2016 could be appropriate.

The New Jersey Department of Environmental Protection has released an 18-page report outlining potential commercial development at Liberty State Park in Jersey City, N.J.

Puerto Rico announced late this morning that it had paid all $354 million in debt service due today on Government Development Bank notes.

Municipal bonds were stronger at mid-session according to traders, even as the prices of Puerto Rico general obligation bonds rose sharply as the U.S. Congress held a hearing on the commonwealth's financial woes.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.190% high yield, a price of 99.985222.

Indicator Last Report Forecast Actual Construction Spending Sept.: +0.6% Nov.: +1.2% Nov.: +1.0% ISM Manufacturing Oct.: 50.1 Oct.: 52.8 Oct.: 48.6

A legal opinion defining San Diego Unified School District bonds as special revenues was credited with the district's $470 million pre-Thanksgiving general obligation bond sale being oversubscribed.

Texas service sector activity "increased in November," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index climbed to 10.3 from 7.6.

Moody's Investors Service said it has downgraded to A3 from Aa3 the County of Jackson, Miss.'s general obligation unlimited tax bonds.

The Moraine Valley Community College in Illinois lost its top credit marks ahead of its upcoming $9.2 million general obligation refunding.

The University of Michigan heads into the market this week with $312 million of high-grade revenue paper to fund ongoing capital projects and refund debt.

The overall economy grew for the seventy-eighth straight time, while the manufacturing sector contracted for the first time in three years, the Institute for Supply Management reported Tuesday.

Construction spending increased 1.0% in October, the Commerce Department said Tuesday, and is 13.-% above the October 2014 level.

West Fargo, N.D.'s general obligation and sales tax revenue credits were cut one level to A1 by Moody's Investors Service, which cited the city's growing debt load.

The municipal bond market was set to see the first of the week's hefty new issuance come to market on Tuesday, led off by several big competitive sales and a few notable negotiated deals.

Dec. 1, 2015 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.39 1.41 2.28 3.24 Arkansas Aa1/AA/NR 0.36 1.31 2.11 3.06 Colorado Aa1/AA/NR 0.36 1.37 2.21 3.19 Kansas Aa1/AA+/NR 0.34 1.37 2.21 3.15 New Mexico Aaa/AA+/NR 0.34 1.31 2.12 3.09 Oklahoma Aa2/AA+/AA+ 0.38 1.4 2.23 3.19 Texas Aaa/AAA/AAA 0.37 1.36 2.19 3.14 Utah Aaa/AAA/AAA 0.34 1.25 2.02 2.97

11/30/2015 11/23/2015 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 6 $308,815 2 $139,215 $169,600 Arkansas 8 214,650 4 154,245 60,405 Colorado 4 232,560 0 0 232,560 Kansas 11 457,548 3 29,980 427,568 New Mexico 0 0 0 0 0 Oklahoma 10 157,315 5 54,725 102,590 Texas 39 838,267 21 536,782 301,485 Utah 4 63,840 1 24,000 39,840

Tuesday, December 1 Issuer St Description Amount

Tuesday, December 1 Issuer St Description Amount

Week Of November 30 Issuer St Description Amount