News and Information from Bond Buyer

The Texas Public Finance Authority expects its triple-A credit to attract institutional and retail investors to an upcoming $445 million issue of taxable general obligation bonds for cancer research and prevention.

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

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.015% high rate, up from 0.005% the prior week, and the six-months incurred a 0.105% high rate, down from 0.115% the week before.

Atlantic City’s ability to close a $101 million deficit in its adopted fiscal 2015 budget is a credit positive for a city that has been under distress this year, according to Moody’s Investors Service.

Morgan Stanley will be lead investment banker for the Wisconsin Center District board as it crafts a borrowing plan for the new Milwaukee Bucks arena; the district has named an initial legal, advisory, and banking team.

Prices of top-quality municipal bonds were stronger at late morning dealings, according to traders with yields on some maturities weakening by as much as two basis points. Traders were eyeing the week’s hefty new supply, which began coming to market on Monday.

In muni underwriting understanding who is obligated to make required disclosures and the content and timing of required disclosures are critically important.

Rhode Island’s House of Representatives intends to resume hearings on the 38 Studio bond financing fiasco following the release of tens of thousands of pages of documents.

Municipal bond market traders on Monday are turning their attention toward this week’s $6.24 billion new issue slate, with the states of Connecticut and Washington leading the way

Sep. 28, 2015 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.3 1.64 2.57 3.58 Delaware Aaa/AAA/AAA 0.23 1.32 2.07 3.07 Maine Aa2/AA/AA 0.24 1.4 2.17 3.18 Maryland Aaa/AAA/AAA 0.23 1.38 2.13 3.08 Massachusetts Aa1/AA+/AA+ 0.26 1.41 2.23 3.27 New Hampshire Aa1/AA/AA+ 0.24 1.4 2.17 3.2 New Jersey A1/A/A 0.58 2.18 3.03 4.03 New York Aa1/AA+/AA+ 0.23 1.34 2.13 3.25 Pennsylvania Aa3/AA+/AA+ 0.43 1.78 2.62 3.65 Rhode Island Aa2/AA/AA 0.31 1.58 2.53 3.53 Vermont Aaa/AA+/AAA 0.23 1.34 2.13 3.11 Dist. of Columbia Aa1/AA/AA 0.27 1.45 2.26 3.29 Puerto Rico Caa3/CC/CC 12.23 11.53 10.68 8.18

9/25/2015 9/18/2015 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 5 $914,490 3 $88,185 $826,305 Delaware 0 0 0 0 0 Maine 2 69,995 0 0 69,995 Maryland 1 16,920 2 97,145 -80,225 Massachusetts 4 287,975 0 0 287,975 New Hampshire 1 17,075 0 0 17,075 New Jersey 4 21,406 3 34,200 -12,794 New York 14 133,074 18 1,110,965 -977,891 Pennsylvania 3 139,225 5 99,105 40,120 Rhode Island 0 0 0 0 0 Vermont 0 0 0 0 0 District of Columbia 3 447,745 1 97,745 350,000 Puerto Rico 1 750,000 1 750,000 0

Monday, September 28 Issuer St Description Amount

Monday, September 28 Issuer St Description Amount

Week Of September 28 Issuer St Description Amount

Week Of September 28 Issuer St Description Amount

Day Indicator Last Report Forecast Monday Personal Income July: +0.4% Aug.: +0.4% Monday Consumption July: +0.3% Aug.: +0.3% Monday Core PCE Prices July: +0.1% Aug.: +0.1% Tuesday Pending Home Sales July: +0.5% Aug.: +0.5% Tuesday Consumer Confidence Aug.: 93.6 Sept.: 96.0 Wednesday ADP Employment Report Aug.: +190,000 Sept.: +195,000 Wednesday Chicago PMI Aug.: 54.4 Sept.: 53.0 Thursday Initial Claims 9/19: 267,000 9/26: 271,000 Thursday Continuing Claims 9/12: 2.242M 9/19: 2.236M Thursday Construction Spending July: +0.7% Aug.: +0.5% Thursday ISM Manufacturing Aug.: 51.1 Sept.: 50.8 Friday Nonfarm Payrolls Aug.: +173,000 Sept.: +203,000 Friday Private Payrolls Aug.: +140,000 Sept.: +195,000 Friday Manufacturing Payrolls Aug.: -17,000 Sept.: unch Friday Unemployment Rate Aug.: 5.1% Sept.: 5.1% Friday Avg Hourly Earnings Aug.: +0.3% Sept.: +0.2% Friday Avg Work Week Aug.: 34.6 Sept.: 34.6 Friday Factory Orders July: +0.4% Aug.: -1.0%

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A water banking agreement between Southern Nevada Water Authority and the Metropolitan Water District of Southern California is a credit positive, Moody’s Investors Service said.

A governor-appointed panel studying Kentucky’s $14 billion teachers’ pension liability heard various options for dealing with the underfunding, including the use of pension bonds.