News and Information from Bond Buyer

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.215% high rate, up from 0.140% the prior week, and the six-months incurred a 0.415% high rate, up from 0.350% the week before.

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

After two decades, co-founder Suzanne Shank says Siebert Brandford Shank & Co. expects to be part of a solution to America's infrastructure needs, in which state and local governments work more closely with the private sector.

Texas factory activity, as measured by the production index, "increased for a second month in a row in November after exhibiting weakness in the first three quarters," according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas, released Monday.

Indicator Last Report Forecast Actual Chicago PMI Oct.: 56.2 Nov.: 54.0 Nov.: 48.7 Pending Home Sales Sept.: -1.6% Oct.: +1.5% Oct.: +0.2%

Pending home sales increased 0.2% to an index reading of 107.7 in October, after a revised 1.6% decrease to 107.5 in September, according to a report released Monday by the National Association of Realtors.

The Chicago Purchasing Managers' Business Barometer declined to 48.7 in November from 56.2 in October, the National Association of Purchasing Management-Chicago said Monday.

Municipal bonds traders had barely enough time to digest their turkey leftovers before a new bounty of bonds is being put on their plates.

The seasonally adjusted Milwaukee Report on Business declined to 45.3 in November from 46.7 in October, the Institute for Supply Management-Milwaukee reported Monday.

Tuesday, December 1 Issuer St Description Amount

Tuesday, December 1 Issuer St Description Amount

Week Of November 30 Issuer St Description Amount

Week Of November 30 Issuer St Description Amount

CALIFORNIA

Nov. 30, 2015 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.37 1.61 2.53 3.49 Delaware Aaa/AAA/AAA 0.28 1.25 2.03 2.97 Maine Aa2/AA/AA 0.31 1.34 2.13 3.08 Maryland Aaa/AAA/AAA 0.3 1.31 2.08 2.98 Massachusetts Aa1/AA+/AA+ 0.32 1.32 2.19 3.11 New Hampshire Aa1/AA/AA+ 0.31 1.33 2.12 3.1 New Jersey A1/A/A 0.65 2.12 2.99 3.93 New York Aa1/AA+/AA+ 0.3 1.28 2.09 3.15 Pennsylvania Aa3/AA+/AA+ 0.5 1.67 2.56 3.5 Rhode Island Aa2/AA/AA 0.38 1.5 2.39 3.33 Vermont Aaa/AA+/AAA 0.3 1.29 2.06 2.99 Dist. of Columbia Aa1/AA/AA 0.34 1.38 2.24 3.19 Puerto Rico Caa3/CC/CC 13.3 15.27 11.29 8.48

11/27/2015 11/20/2015 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 3 $49,820 2 $63,185 -$13,365 Delaware 1 221,350 0 0 221,350 Maine 2 31,895 0 0 31,895 Maryland 1 300,000 1 325,000 -25,000 Massachusetts 8 697,336 2 28,895 668,441 New Hampshire 0 0 0 0 0 New Jersey 9 93,630 8 91,417 2,213 New York 26 1,538,433 15 1,233,932 304,501 Pennsylvania 17 452,690 9 68,680 384,010 Rhode Island 2 28,335 0 0 28,335 Vermont 0 0 1 7,000 -7,000 District of Columbia 1 97,745 1 97,745 0 Puerto Rico 1 750,000 1 750,000 0

Day Indicator Last Report Forecast Monday Chicago PMI Oct.: 56.2 Nov.: 54.0 Monday Pending Home Sales Sept.: -2.3% Oct.: +1.5% Tuesday Construction Spending Sept.: +0.6% Oct.: +52.8% Tuesday ISM Manufacturing Oct.: 50.1 Nov.: 1.2 Wednesday ADP Employment Report Oct.: +182,000 Nov.: +175,000 Wednesday Productivity Q2: +3.5% Q3: +2.1% Wednesday Unit Labor Costs Q2: -1.8% Q3: +0.9% Thursday Initial Claims 11/21: 260,000 11/28: 269,000 Thursday Continuing Claims 11/14: 2.207M 11/21: 2.195M Thursday Factory Orders Sept.: -1.0% Oct.: n/a Thursday ISM Non-Manufacturing Oct.: 59.1 Nov.: 58.6 Friday Nonfarm Payrolls Oct.: +271,000 Nov.: +63,000 Friday Private Payrolls Oct.: +268,000 Nov.: +180,000 Friday Manufacturing Payrolls Oct.: unch Nov.: 175,000 Friday Unemployment Rate Oct.: 5.0% Nov.: 5.1% Friday Avg Hourly Earnings Oct.: +0.4% Nov.: +0.2% Friday Avg Work Week Oct.: 34.5 Nov.: 34.5 Friday International Trade Sept.: -$40.8B Oct.: -$40.2B

Nov. 26, 2015 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.32 1.33 2.13 3.08 Florida Aa1/AAA/AAA 0.32 1.34 2.18 3.1 Georgia Aaa/AAA/AAA 0.3 1.27 2.04 2.97 Kentucky Aa2/AA+/AA+ 0.34 1.41 2.24 3.2 Louisiana Aa2/AA/AA 0.43 1.62 2.52 3.46 Mississippi Aa2/AA/AA+ 0.35 1.43 2.29 3.23 North Carolina Aaa/AAA/AAA 0.3 1.27 2.04 2.98 South Carolina Aaa/AA+/AAA 0.3 1.29 2.07 3.01 Tennessee Aaa/AA+/AAA 0.3 1.29 2.06 2.98 Virginia Aaa/AAA/AAA 0.29 1.26 2.03 2.96 West Virginia Aa1/AA/AA+ 0.32 1.33 2.17 3.13

11/25/2015 11/18/2015 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 0 $0 0 $0 0 Florida 8 260,740 14 470,729 -209,989 Georgia 2 111,555 0 0 111,555 Kentucky 6 187,730 7 147,149 40,581 Louisiana 3 208,645 1 9,050 199,595 Mississippi 3 33,945 2 293,595 -259,650 North Carolina 2 43,595 2 28,635 14,960 South Carolina 1 13,005 2 20,335 -7,330 Tennessee 3 206,755 2 11,250 195,505 Virginia 2 60,380 0 0 60,380 West Virginia 0 0 0 0 0

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