News and Information from Bond Buyer

Week Of November 30 Issuer St Description Amount

CALIFORNIA

Week Of November 30 Issuer St Description Amount

CONNECTICUT

Government

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell five basis points to 4.30% in the week ended Nov. 24 from 4.35% in the prior week.

The recent $20 billion funding agreement for the long-stalled Gateway Hudson River tunnel will benefit the New York and New Jersey regional economies, according to Moody’s Investors Service.

Top-shelf municipal bonds finished stronger on Tuesday, according to traders, as yields on some maturities fell by as much as two basis points.

Puerto Rico’s government, after fanning concerns that it won’t be able to make bond payments due in December, said it plans to pay Christmas bonuses this year.

Oxnard, Calif.'s issuer credit rating received a downgrade from Standard & Poor's, to A-plus from AA-minus.

With a fresh upgrade in hand and the prospects of more to come, Detroit's water and sewer department is selling its final deal before handing its more than $5 billion of debt over to the Great Lakes Water Authority.

Standard & Poor's Ratings Services said it has lowered its rating on Luzerne County, Pa.'s general obligation debt two notches to BB-plus from BBB and placed it on CreditWatch with negative implications.

Alaska Gov. Bill Walker has announced two new appointments to the Alaska Gasline Development Corporation Board of Directors, the group responsible for overseeing the agency's efforts to build a natural gas pipeline the governor says is critical to Alaska's financial future.

Existing P3 arrangement will be expanded by Virginia to include tolls on high-occupancy interstate highway lanes near Washington, D.C.

Standard & Poor's upgraded Benicia, Calif's issuer credit rating to AA from AA-minus, and raised the underlying rating on the California Public Property Financing Corp.'s series 2011 certificates of participation issued on behalf of the city to AA-minus from A-plus.

The Treasury Department auctioned $35 billion of five-year notes, with a 1 5/8% coupon, a 1.670% high yield, a price of 99.784997.

Municipal bonds were stronger at mid-session, according to traders, as yields on some maturities weakened by as much as two basis points.

The Treasury Department Tuesday auctioned $13 billion of one-year 11-month floating rate notes with a high discount margin of 0.216%, at a 0.168% spread, a price of 99.906491.

The Treasury Department Tuesday auctioned $50 billion of four-week bills at a 0.120% high yield, a price of 99.991000.

Underwriters of municipal bonds have an obligation to perform due diligence on the issuer and any other individual or entity that may be required to make payments on the bonds as they come due.