News and Information from Bond Buyer

The Treasury Department said it will auction $45 billion 72-day cash management bills on Nov. 2.

Standard & Poor's Ratings Services said it lowered its underlying rating to A from A-plus on Belle Plaine Community School District, Iowa's general obligation bonds.

Puerto Rico could benefit from a control board similar to what Congress implemented for Washington, D.C., said former House Speaker Newt Gingrich.

The University of Michigan's final October consumer sentiment index reading was 90.0, compared to the preliminary October 92.1, and the final September 87.2, according to market sources.

Municipal bond traders are casting their gaze ahead to next week's new supply as they look back at the past week's new issuance.

The Chicago Purchasing Managers' Business Barometer gained to 56.2 in October from 48.7 in September, the National Association of Purchasing Management-Chicago said Friday.

The seasonally adjusted Milwaukee Report on Business climbed to 46.7 in October from 39.4 in September, the Institute for Supply Management-Milwaukee reported Friday.

The Midwest Economy Index remained negative 0.15 in September from a downwardly revised negative 0.15 in August, first reported as negative 0.12, the Federal Reserve Bank of Chicago said Friday.

Economic conditions and the medium-term outlook support a rate hike, Federal Reserve Bank of Richmond President Jeffrey Lacker said Friday in explaining his dissent at Wednesday's Federal Open Market Committee meeting.

Monday, November 2 Issuer St Description Amount

Monday, November 2 Issuer St Description Amount

Week Of November 2 Issuer St Description Amount

Friday, October 30 Issuer St Description Amount

ALASKA

CONNECTICUT

Oct. 30, 2015 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aaa/AAA/AAA 0.23 1.22 2.11 3.14 California Aa3/A/A 0.24 1.23 2.25 3.34 Hawaii Aa2/AA/AA 0.25 1.27 2.21 3.26 Idaho Aa1/AA+/AA+ 0.23 1.26 2.19 3.23 Montana Aa1/AA/AA+ 0.23 1.25 2.2 3.25 Nevada Aa2/AA/AA+ 0.27 1.27 2.22 3.29 Oregon Aa1/AA+/AA+ 0.23 1.21 2.09 3.16 Washington Aa1/AA+/AA+ 0.26 1.28 2.24 3.31 Wyoming NR/AAA/NR 0.23 1.24 2.11 3.14

10/29/2015 10/22/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 1 $55,710 -$55,710 California 14 1,322,700 13 528,195 794,505 Hawaii 0 0 0 0 0 Idaho 0 0 0 0 0 Montana 0 0 0 0 0 Nevada 2 541,795 1 8,000 533,795 Oregon 0 0 0 0 0 Washington 3 98,155 2 134,670 -36,515 Wyoming 0 0 0 0 0

Municipal bond funds reported inflows for the fourth week in a row, according to Lipper data released on Thursday. Weekly reporting funds experienced $349.038 million of inflows in the week ended Oct. 28, after inflows of $240.718 million in the previous week.

While Illinois’ falling ratings doesn’t post much default risk, investors should tread cautiously with the credit due to headline risks that could cut the value of their holdings, that’s the assessment offered from one buyside participant.

Investment banking firm Rice Financial Products Co. has hired seven people to bolster its sales and trading operations and expand its footprint in California, Illinois, Texas and New York.