News and Information from Bond Buyer

Congress needs to raise the debt limit before Nov. 5, the date around when the Treasury Department is expected to exhaust the “extraordinary measures” it has been using to preserve the U.S. borrowing capacity, Treasury Secretary Jack Lew told lawmakers.

Oct. 2, 2015 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aaa/AAA/AAA 0.23 1.33 2.13 3.14 California Aa3/A/A 0.26 1.38 2.28 3.36 Hawaii Aa2/AA/AA 0.25 1.38 2.21 3.23 Idaho Aa1/AA+/AA+ 0.23 1.37 2.21 3.23 Montana Aa1/AA/AA+ 0.23 1.36 2.22 3.25 Nevada Aa2/AA/AA+ 0.29 1.43 2.25 3.3 Oregon Aa1/AA+/AA+ 0.23 1.32 2.12 3.14 Washington Aa1/AA+/AA+ 0.26 1.39 2.3 3.31 Wyoming NR/AAA/NR 0.23 1.35 2.13 3.14

10/1/2015 9/24/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 1 $55,710 1 $55,710 $0 California 16 990,055 18 1,409,020 -418,965 Hawaii 1 61,250 0 0 61,250 Idaho 0 0 0 0 0 Montana 0 0 0 0 0 Nevada 0 0 0 0 0 Oregon 0 0 0 0 0 Washington 8 455,180 10 1,349,210 -894,030 Wyoming 0 0 0 0 0

Tuesday, October 6 Issuer St Description Amount

Friday, October 2 Issuer St Description Amount

Friday, October 2 Issuer St Description Amount

CONNECTICUT

ALABAMA

Municipal bond funds experienced another turn around and reported outflows, after recording inflows last week, according to Lipper data released on Thursday.

Government

Retired Detroit bankruptcy Judge Steven Rhodes and three House members will participate in a two-day meeting in Florida later this month to come up with some solutions to address Puerto Rico’s fiscal and health care crises.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was four basis points lower to 4.38% for the week ended Oct. 1 from 4.42% in the previous week

St. Louis’ public finance community will join with the friends and family of Ivy D. Neyland-Pinkston in a celebration of life gathering Saturday to honor the longtime deputy comptroller for finance and development.

California achieved $104 million in present value savings on a $548.2 million lease revenue bond refunding for the State Public Works Board, according to Treasurer John Chiang.

MMCT Venture, a partnership between the Mohegan and Mashantucket Pequot tribes in Connecticut, released an RFP for a Hartford-area casino.

Half of the Internal Revenue Service tax-exempt bond office’s resources in fiscal 2016 will be allocated to examinations, and priority will be given to referrals, including those from whistleblowers, according to a work plan summary.

A continued shift towards digital media goods such as downloaded music could affect $41 million of New York City tax revenue, said the watchdog Independent Budget Office.

The top Democrat on the House Natural Resources Committee is urging the committee chair to hold a hearing to “cast a spotlight” on the “gross inequity” hedge funds holding Puerto Rico debt are imposing on the commonwealth’s citizens.

Prices of top-quality municipal bonds finished mostly unchanged on Thursday, traders said, with yields turning mixed on some shorter maturities. The market saw issues from Connecticut and Massachusetts price on Thursday as traders eyed upcoming new issue supply, which is expected to be substantial.

The decision is a setback for National Public Finance Guarantee’s efforts to cut its losses in the island’s power utility debt restructuring.