News and Information from Bond Buyer

House Democrats want more federal highway and transit funding than provided in Rep. Shuster’s six-year, $325 billion bill.

Washington Gov. Jay Inslee announced Oct. 16 that the federal government will assist parts of the state that suffered significant infrastructure damage in recent natural disasters.

A state oversight board warned Nassau County, N.Y. legislative leaders that it will step in to impose a hiring freeze and make other cuts if changes are not made to a 2016 budget proposal.

Standard & Poor's has upgraded the Alameda County Redevelopment Agency, Calif.'s series 2006A tax allocation bonds to AA-minus from A-minus, the agency announced Friday.

An upgrade from Standard & Poor’s and a triple-A guarantee from the Texas Permanent School Fund will enhance the appeal of Cypress-Fairbanks Independent School District’s $344 million of general obligation bonds.

Distribution of an $8.25 million legal settlement fund for investors in a failed Missouri sucralose plant is expected by the end of the year in a class action suit against underwriter Morgan Keegan and law firm Armstrong Teasdale.

The Municipal Securities Rulemaking Board’s proposed changes to extend its gift rule to municipal advisors “remain unclear in crucial areas” and “do not go far enough to prevent abuses” by both MAs and broker-dealers, the National Association of Municipal Advisors said.

Indicator Last Report Forecast Actual NAHB Housing Index Sept.: 61 Oct.: 62 Oct.: 64

Prices of top-rated municipal bonds were unchanged at mid-session, traders said, as the market saw primary market action kick off with the retail pricing of a deal from the New York City Transitional Finance Authority.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.015% high rate, up from zero the prior week, and the six-months incurred a 0.110% high rate, up from 0.080% the week before.

The Treasury Department said Monday it will sell $5 billion of four-week discount bills Tuesday.

Builders’ confidence in the market for new single-family homes was higher as the National Association of Home Builders' housing market index rose to 64 in September from 61 in September.

Municipal bond traders were awaiting the kick-off of this week’s primary slate, topped by $1 billion of bonds coming from New York City’s Transitional Finance Authority.

Oct. 19, 2015 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.3 1.49 2.49 3.57 Delaware Aaa/AAA/AAA 0.23 1.19 2.01 3.06 Maine Aa2/AA/AA 0.24 1.27 2.11 3.17 Maryland Aaa/AAA/AAA 0.23 1.24 2.07 3.07 Massachusetts Aa1/AA+/AA+ 0.26 1.25 2.17 3.25 New Hampshire Aa1/AA/AA+ 0.24 1.26 2.11 3.19 New Jersey A1/A/A 0.58 2.05 2.97 4.02 New York Aa1/AA+/AA+ 0.23 1.21 2.07 3.24 Pennsylvania Aa3/AA+/AA+ 0.43 1.6 2.52 3.59 Rhode Island Aa2/AA/AA 0.31 1.43 2.4 3.45 Vermont Aaa/AA+/AAA 0.23 1.21 2.05 3.1 Dist. of Columbia Aa1/AA/AA 0.27 1.32 2.22 3.3 Puerto Rico Caa3/CC/CC 13.23 11.5 10.77 8.32

10/16/2015 10/9/2015 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 4 $106,385 3 $70,750 $35,635 Delaware 0 0 0 0 0 Maine 5 105,700 1 14,638 91,062 Maryland 1 19,770 3 425,080 -405,310 Massachusetts 2 54,700 3 13,180 41,520 New Hampshire 0 0 0 0 0 New Jersey 4 772,630 5 18,091 754,539 New York 16 2,327,230 24 4,618,565 -2,291,335 Pennsylvania 8 311,680 11 319,635 -7,955 Rhode Island 0 0 1 2,500 -2,500 Vermont 1 18,255 0 0 18,255 District of Columbia 1 97,745 1 97,745 0 Puerto Rico 1 750,000 1 750,000 0

Monday, October 19 Issuer St Description Amount

Monday, October 19 Issuer St Description Amount

Week Of October 19 Issuer St Description Amount

CALIFORNIA

CALIFORNIA