News and Information from Bond Buyer

The Treasury Department said it will auction $13 billion one-year 10-month 0.077% floating rate notes on Wednesday, Sept. 23.

The Treasury Department said it will auction $29 billion seven-year notes on Thursday, Sept. 24.

The Treasury Department said Thursday it will auction $20 billion 91-day bills and $20 billion 182-day discount bills Monday.

Indicator Last Report Forecast Actual Current Account Q1: -$118.3B Q2: -$111.0B Q2: -$109.7B Initial Jobless Claims 9/5: 275,000 9/12: 275,000 9/12: 264,000 Continuing Claims 8/29: 2.263M 9/5: 2.260M 9/5: 2.237M Housing Starts July: 1.161M Aug.: 1.180M Aug.: 1.126M Building Permits July: 1.130M Aug.: 1.160M Aug.: 1.170M Philly Fed Manufacturing Aug.: +8.3 Sept.: 6.0 Sept.: -6.0

The challenge of pension promises and bond indebtedness is inextricably entwined.

The region's manufacturing sector slowed in September, as the general business conditions index slumped to negative 6.0 from positive 8.3 in August, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.

The municipal bond market cleared the decks as it awaited the afternoon’s decision by the Federal Reserve on whether to raise interest rates. There are no major sales slated for pricing on Thursday or Friday.

Thursday, September 17 Issuer St Description Amount

Thursday, September 17 Issuer St Description Amount

Sep. 17, 2015 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.23 1.49 2.33 3.34 Florida Aa1/AAA/AAA 0.26 1.54 2.38 3.4 Georgia Aaa/AAA/AAA 0.23 1.44 2.25 3.23 Kentucky Aa2/AA+/AA+ 0.27 1.58 2.45 3.46 Louisiana Aa2/AA/AA 0.36 1.79 2.72 3.72 Mississippi Aa2/AA/AA+ 0.27 1.57 2.47 3.46 North Carolina Aaa/AAA/AAA 0.23 1.44 2.25 3.24 South Carolina Aaa/AA+/AAA 0.23 1.46 2.28 3.27 Tennessee Aaa/AA+/AAA 0.23 1.45 2.28 3.26 Virginia Aaa/AAA/AAA 0.22 1.43 2.24 3.23 West Virginia Aa1/AA/AA+ 0.26 1.5 2.38 3.39

Thursday, September 17 Issuer St Description Amount

Week Of September 14 Issuer St Description Amount

9/16/2015 9/9/2015 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 1 $9,925 0 $0 9,925 Florida 8 626,740 7 600,015 26,725 Georgia 1 69,660 3 41,530 28,130 Kentucky 4 29,335 4 57,745 -28,410 Louisiana 0 0 2 57,000 -57,000 Mississippi 1 200,000 1 700 199,300 North Carolina 1 46,590 0 0 46,590 South Carolina 2 38,130 1 6,545 31,585 Tennessee 2 7,865 2 24,025 -16,160 Virginia 3 119,720 3 119,720 0 West Virginia 2 30,260 2 70,060 -39,800

CALIFORNIA

CALIFORNIA

Government

Standard & Poor's Ratings Services has lowered its underlying rating on Atlantic City Board of Education, N.J.'s existing general obligation (GO) bonds to 'BBB-' from 'A-'.

Securities and Exchange Commission Chair Mary Jo White said she will work to make regulatory and other changes to support shortening the settlement cycle for several types of secondary market transactions from three days after a trade date to two days by 2017.

The North Broward Hospital District in Florida will pay the federal government $69.5 million to settle allegations that it violated the False Claims Act, according to the Justice Department.

Puerto Rico’s fiscal, economic and debt proposals will be reshaped by a wide array of discussions and negotiations over the coming weeks and months, observers say.