News and Information from Bond Buyer

The Municipal Securities Rulemaking Board is asking for industry feedback on a proposal to make board members more effective by changing the length of their terms to four years instead of three.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.000% high rate, down from 0.015% the prior week, and the six-months incurred a 0.065% high rate, down from 0.105% the week before.

The Treasury Department said Monday it will sell $15 billion of four-week discount bills Tuesday.

Prices of top-quality municipal bonds were slightly weaker at mid-day, according to traders with yields on some maturities strengthening as much as three basis points.

Pittsburgh’s state-appointed overseer is justified in withholding Pennsylvania gaming revenue by law, according to the agency’s executive director.

Despite a series of high-profile defaults that left Texas counties in possession of abandoned jails, local governments continue to issue debt for privately operated lockups.

Municipal bond traders will have action right away, as a competitive deal from Florida will be the first of the week's $8.7 billion of new issuance to hit the market. Market participates are eagerly awaiting the surge in weekly volume. The last time the estimated volume for a week was greater was the week of July 20, when Ipreo estimated it at $9.2 billion.

Oct. 5, 2015 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.3 1.56 2.52 3.54 Delaware Aaa/AAA/AAA 0.23 1.26 2.02 3.03 Maine Aa2/AA/AA 0.24 1.34 2.12 3.14 Maryland Aaa/AAA/AAA 0.23 1.31 2.08 3.04 Massachusetts Aa1/AA+/AA+ 0.26 1.33 2.19 3.23 New Hampshire Aa1/AA/AA+ 0.24 1.34 2.12 3.16 New Jersey A1/A/A 0.58 2.12 2.98 3.99 New York Aa1/AA+/AA+ 0.23 1.28 2.08 3.21 Pennsylvania Aa3/AA+/AA+ 0.43 1.72 2.57 3.61 Rhode Island Aa2/AA/AA 0.31 1.52 2.48 3.49 Vermont Aaa/AA+/AAA 0.23 1.28 2.08 3.07 Dist. of Columbia Aa1/AA/AA 0.27 1.39 2.21 3.25 Puerto Rico Caa3/CC/CC 12.23 11.47 10.63 8.14

10/2/2015 9/25/2015 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 5 $1,028,185 5 $914,490 $113,695 Delaware 0 0 0 0 0 Maine 1 45,515 2 69,995 -24,480 Maryland 4 459,605 1 16,920 442,685 Massachusetts 2 6,081 4 287,975 -281,894 New Hampshire 0 0 1 17,075 -17,075 New Jersey 3 35,800 4 21,406 14,394 New York 14 4,180,264 14 133,074 4,047,190 Pennsylvania 4 31,275 3 139,225 -107,950 Rhode Island 0 0 0 0 0 Vermont 3 112,525 0 0 112,525 District of Columbia 3 447,745 3 447,745 0 Puerto Rico 1 750,000 1 750,000 0

Tuesday, October 6 Issuer St Description Amount

Monday, October 5 Issuer St Description Amount

Week Of October 5 Issuer St Description Amount

ALABAMA

NEW JERSEY

Day Indicator Last Report Forecast Monday ISM Non-Manufacturing Aug.: 59.0 Sept.: 57.5 Tuesday International Trade July: -$41.9B Aug.: -$45.3B Wednesday Consumer Credit July: +$19.1B Aug.: +$19.0B Thursday Initial Claims 9/26: 277,000 10/3: 272,000 Thursday Continuing Claims 9/19: 2.219M 9/26: 2.210M Friday Import Prices Aug.: -1.8% Sept.: -0.5% Friday Export Prices Aug.: -1.4% Sept.: -0.3% Friday Wholesale Inventories July: -0.1% Aug.: unch Friday Wholesale Sales July: -0.3% Aug.: -0.3%

Government

The Government Development Bank for Puerto Rico sued a tax collection body to hand over $400 million, some of which is for payments on bonds insured by Assured Guaranty.

Municipal volume is forecast to surge to $8.74 billion in the coming week led by deals of roughly $2 billion apiece from the Port Authority of New York and New Jersey and Chicago’s O’Hare International Airport.

The granting of tribal reservation status to land in Taunton, Mass., where a $500 million tribal casino is planned, is a credit negative to southeastern Massachusetts where commercial casino plans could be derailed, said Moody’s.