News and Information from Bond Buyer

The U.S. Treasury Department Thursday announced it will postpone the 2-year note auction originally scheduled for Tuesday, Oct. 27.

The Chicago Fed National Activity Index for September improved to negative 0.37 from a revised negative 0.39 reading in August, while the three-month moving average (CFNAI-MA3) dipped to negative 0.09 from an unrevised positive 0.01 in August, the Federal Reserve Bank of Chicago reported Thursday.

Evercore Wealth Management director of muni bond research Howard Cure and Bond Buyer senior Northeast reporter Paul Burton have a spirited chat about financial challenges in the Golden State.

Thursday, October 22 Issuer St Description Amount

Thursday, October 22 Issuer St Description Amount

Week Of October 19 Issuer St Description Amount

ARKANSAS

ALABAMA

Oct. 22, 2015 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.23 1.25 2.11 3.18 Florida Aa1/AAA/AAA 0.25 1.28 2.17 3.2 Georgia Aaa/AAA/AAA 0.23 1.2 2.03 3.07 Kentucky Aa2/AA+/AA+ 0.27 1.34 2.23 3.3 Louisiana Aa2/AA/AA 0.36 1.55 2.48 3.56 Mississippi Aa2/AA/AA+ 0.27 1.33 2.3 3.33 North Carolina Aaa/AAA/AAA 0.23 1.2 2.03 3.08 South Carolina Aaa/AA+/AAA 0.23 1.22 2.06 3.11 Tennessee Aaa/AA+/AAA 0.23 1.21 2.06 3.1 Virginia Aaa/AAA/AAA 0.22 1.19 2.02 3.06 West Virginia Aa1/AA/AA+ 0.25 1.24 2.16 3.23

10/21/2015 10/14/2015 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 0 $0 2 $24,330 -24,330 Florida 10 951,525 5 308,465 643,060 Georgia 1 55,000 2 182,985 -127,985 Kentucky 3 28,400 6 87,435 -59,035 Louisiana 1 3,250 2 31,440 -28,190 Mississippi 2 58,710 0 0 58,710 North Carolina 4 456,105 1 66,000 390,105 South Carolina 5 135,620 2 13,145 122,475 Tennessee 3 94,105 7 148,150 -54,045 Virginia 2 68,465 3 109,100 -40,635 West Virginia 0 0 0 0 0

The Treasury Department’s Antonio Weiss on Thursday will ask Congress to move swiftly to provide expanded Chapter 9 bankruptcy protection to Puerto Rico, as well as its authorities, and to provide other relief to the territory as it faces dire fiscal and liquidity crises.

The House on Wednesday passed a bill that would prevent the federal government from defaulting on Treasury securities held by investors, but President Obama would veto it.

Government

President Barack Obama on Wednesday nominated Hester Peirce to finish Daniel Gallagher’s term until June 5, 2016, and Lisa Fairfax to replace Luis Aguilar for a five-year term to the Securities and Exchange Commission.

Improved disclosure and transparency will help California’s leaders make the argument for improved infrastructure, State Treasurer John Chiang said.

In the midst of some New Jersey lawmakers pushing to increase the state’s gas tax to pay for transportation improvements , a majority of residents are against the proposal, according to a new Rutgers University poll.

If House Ways and Means Committee Chairman Paul Ryan, R-Wis., becomes Speaker of the House, tax reform would become a higher priority in the chamber, tax and municipal bond experts said.

Wisconsin Gov. Scott Walker is urging state lawmakers to sign off on $200 million of general obligation borrowing for transportation-related projects that face delays without the infusion of funds.

The Marin Healthcare District of Marin County, Calif, plans to sell $170 million of investment-grade bonds next week to finance earthquake readiness measures and medical improvements at a 63 year-old hospital.

Prices of top-shelf municipal bonds closed stronger on Wednesday, traders said, as the New York City Transitional Finance Authority got a warm reception for its big negotiated deal and two smaller competitive sales.