News and Information from Bond Buyer

The Treasury Department said it will auction $13 billion 29-year, 11-month 2 7/8% bonds on Sept. 10.

The Treasury Department said Thursday it will auction $22 billion 91-day bills and $22 billion 182-day discount bills Tuesday.

Standard & Poor's Ratings Services said it raised its rating on Antrim County, Mich.'s general obligation limited tax bonds outstanding one notch to AA from AA-minus.

Indicator Last Report Forecast Actual Initial Claims 8/22: 270,000 8/29: 274,000 8/29: 282,000 Continuing Claims 8/15: 2.266M 8/22: 2.255M 8/22: 2.257M International Trade June: -$45.2B July: -$42.9B July: -$41.9B ISM Non-Manufacturing July: 60.3 Aug.: 58.0 Aug.: 59.0

The Illinois House failed Wednesday to override Gov. Bruce Rauner's veto of a controversial labor bill, handing the governor a victory in his ongoing budget battle with the General Assembly.

The U.S. services sector expanded at a slower pace in August as the non-manufacturing business activity composite index was 59.0 in the month, compared to 60.3 in July, on a seasonally adjusted basis, the Institute for Supply Management reported Thursday.

The municipal bond market began slipping into holiday mode early as the primary market wound down on Thursday ahead of the three-day Labor Day weekend.

Chicago Mayor Rahm Emanuel will reportedly propose a $500 million tax increase as part of his new 2016 budget largely for police and fire pension payments.

All three major rating agencies now have Cook County, home to Chicago, on negative outlook amid major pension obligations and other financial challenges.

Thursday, September 3 Issuer St Description Amount

Thursday, September 3 Issuer St Description Amount

Week Of August 31 Issuer St Description Amount

Week Of August 31 Issuer St Description Amount

Revenue bonds issued by Arlington, Texas, to help finance a $1.3 billion stadium for the Dallas Cowboys earned a Standard & Poor's upgrade to A-plus due to improved debt-service coverage.

Government

A new limit on capital appreciation bonds in Texas is a positive credit factor for local governments, particularly school districts, according to Moody's Investors Service.

A consultant's report shows that earnings for Oklahoma's seven public pension funds fell steeply from the previous year. State Treasurer Ken Miller said the drop was not unexpected but should guide policies in the future.

Illinois has a new deputy debt director and plans to sell bonds at some point this year, according to a spokesperson for Gov. Bruce Rauner.

Ohio state Sen. Joe Schiavoni wants to ask voters for authorization to borrow up to $1 billion of bonds to finance sewer and water projects across the state.

Arkansas reported August revenues of $421.4 million, a figure that exceeds collections the same month last year by 5.5% and outpaces projections by 6.7%, according to the state Department of Finance and Administration.