News and Information from Bond Buyer

The stark political divisions around the idea of allowing Chapter 9 bankruptcy in Illinois were highlighted at a recent legislative hearing.

Targeting low inflation, Federal Reserve Bank of Boston President & Chief Executive Officer Eric S. Rosengren Tuesday suggested the Federal Reserve should wait to raise rates.

Rhode Island and Michigan showed solid improvement in labor markets in August, while Puerto Rico showed greater improvement in its unemployment rate than any of the 50 States, according to our proprietary measure of state economic health.

The Treasury Department Tuesday auctioned $35 billion of four-week bills at a zero high yield, a price of par.

Prices of top-quality municipal bonds were weaker at mid-session, traders said, with yields on some maturities strengthening by as much as three basis points.

Indicator Last Report Forecast Actual Chicago PMI July: 54.7 Aug.: 54.7 Aug.: 54.4

Texas service sector activity "continued to reflect expansion in August," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index slipped to 9.3 from 19.1.

A state judge has effectively pulled back the curtain that has long shrouded the controversial 38 Studios loan guarantee. And Rhode Island is waiting.

Pennsylvania Auditor Eugene DePasquale will audit Allentown's school district for possible violations of sunshine and ethics laws.

According to the ISM's monthly report on business, the ISM index decreased to 51.1 in August from 52.7 in July.

Construction spending increased 0.7% in July, the Commerce Department said Tuesday, and is 13.7% above the July 2014 level.

Municipal bond traders were ready for the first of the week's new issues.

Tuesday, September 1 Issuer St Description Amount

Tuesday, September 1 Issuer St Description Amount

Week Of August 31 Issuer St Description Amount

Week Of August 31 Issuer St Description Amount

FLORIDA

NORTH DAKOTA

Sep. 1, 2015 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.28 1.48 2.41 3.37 Arkansas Aa1/AA/NR 0.25 1.4 2.27 3.21 Colorado Aa1/AA/NR 0.25 1.44 2.34 3.32 Kansas Aa1/AA+/NR 0.23 1.44 2.34 3.28 New Mexico Aaa/AA+/NR 0.23 1.38 2.25 3.22 Oklahoma Aa2/AA+/AA+ 0.27 1.47 2.36 3.32 Texas Aaa/AAA/AAA 0.25 1.42 2.34 3.27 Utah Aaa/AAA/AAA 0.23 1.33 2.16 3.1

8/31/2015 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 2 $12,790 5 $194,085 -$181,295 Arkansas 4 45,335 1 69,770 -24,435 Colorado 5 38,835 3 70,925 -32,090 Kansas 4 28,380 8 51,160 -22,780 New Mexico 3 82,980 0 0 82,980 Oklahoma 6 22,270 3 15,975 6,295 Texas 24 514,605 30 602,440 -87,835 Utah 0 0 1 24,080 -24,080