News and Information from Bond Buyer

Indicator Last Report Forecast Actual GDP Q2: +3.9% Q3: +1.6% Q3: +1.5% Final Sales Q2: +3.9% Q3: +2.8% Q3: +3.0% Core PCE Q2: +2.2% Q3: +1.4% Q3: +1.3% Initial Claims 10/17: 259,000 10/24: 263,000 10/24: 260,000 Continuing Claims 10/10: 2.181M 10/17: 2.160M 10/17: 2.144M Pending Home Sales Aug.: -1.4% Sept.: +1.0% Sept.: -2.3%%

Pending home sales decreased 2.3% to an index reading of 106.8 in September, after a revised 1.4% decrease to 109.3 in August, according to a report released Thursday by the National Association of Realtors.

Municipal bond traders are excited to get back to work with a good amount of influx hitting the market, after a dead day Wednesday when everyone was awaiting the Fed's rate decision.

Moody's Investors Service said it has downgraded the city of Dallas, Texas's rating to Aa2 rating affecting $1.7 billion of outstanding general obligation limited tax debt.

In a second podcast installment with Howard Cure, the Evercore Wealth Management director of muni bond research pinpoints New York regional transit funding challenges with Bond Buyer senior Northeast reporter Paul Burton.

Oct. 29, 2015 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.23 1.21 2.08 3.13 Florida Aa1/AAA/AAA 0.25 1.26 2.15 3.16 Georgia Aaa/AAA/AAA 0.23 1.16 2 3.02 Kentucky Aa2/AA+/AA+ 0.27 1.3 2.2 3.25 Louisiana Aa2/AA/AA 0.36 1.51 2.45 3.5 Mississippi Aa2/AA/AA+ 0.28 1.34 2.27 3.28 North Carolina Aaa/AAA/AAA 0.23 1.16 2 3.03 South Carolina Aaa/AA+/AAA 0.23 1.18 2.03 3.06 Tennessee Aaa/AA+/AAA 0.23 1.16 2.03 3.05 Virginia Aaa/AAA/AAA 0.22 1.15 1.99 3.01 West Virginia Aa1/AA/AA+ 0.25 1.2 2.13 3.18

10/28/2015 10/21/2015 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 1 $6,080 0 $0 6,080 Florida 9 739,700 10 951,525 -211,825 Georgia 1 4,655 1 55,000 -50,345 Kentucky 3 36,619 3 28,400 8,219 Louisiana 2 18,530 1 3,250 15,280 Mississippi 2 14,000 2 58,710 -44,710 North Carolina 4 107,375 4 456,105 -348,730 South Carolina 1 62,540 5 135,620 -73,080 Tennessee 1 7,905 3 94,105 -86,200 Virginia 2 154,299 2 68,465 85,834 West Virginia 0 0 0 0 0

Thursday, October 29 Issuer St Description Amount

Thursday, October 29 Issuer St Description Amount

Week Of November 2 Issuer St Description Amount

Week Of October 26 Issuer St Description Amount

ALABAMA

ARKANSAS

Illinois local governments, especially school districts, are faring better than their Pennsylvania counterparts during their respective state’s budget impasse, Moody’s Investors Service says.

Government

The deteriorating financial position of a school district in Santa Clarita, Calif. was cited in one-notch issuer and certificate of participation downgrades from Moody’s Investors Service.

Fitch Ratings placed two series of Idaho Housing Finance Association single-family mortgage bonds totaling $354 million on negative watch

The Senate on Wednesday adopted a short-term extension of federal transportation funding that was approved the previous day by the House.

Prices of top-quality municipal bonds were weaker at the close, traders said, with yields on some maturities up as much as one basis point, as the market reacted to the Fed’s decision to hold rates for now but did hint at a December hike for interest rates.

Chicago Mayor Rahm Emanuel’s 2016 budget and record property tax hike to pay for public safety pensions easily cleared the City Council Wednesday.