News and Information from Bond Buyer

James Ferrara will become interim president of New York City Transit when current chief Carmen Bianco retires, MTA chief Thomas Prendergast announced.

Los Angeles released the final 20,000 "shade balls" Monday into a 175-acre Los Angeles reservoir to prevent pollution.

Wayne County's proposed consent agreement with the state requires the county to continue to make timely debt payments and enhances the government's power over collective bargaining.

Prices of top-rated municipal bonds were stronger at mid-session, according to traders, as yields on some maturities weakened by as much as three basis points.

The Treasury Department Tuesday sold $25 billion 19-day cash management bills, dated Aug. 12, due Aug. 31, at a 0.075% high tender rate.

The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.050% high yield, a price of 99.996111.

Philadelphia International Airport's revenue bonds were lowered to A from A-plus because of a "relatively weak liquidity position."

The recent settlement between the cities of Los Angeles and Ontario over Ontario International Airport (ONT) is likely to provide for a more politically acceptable and stable ownership framework for ONT, according to Fitch Ratings.

The indictment of Pennsylvania Attorney General Kathleen Kane should have little effect on the prosecution of former Harrisburg Mayor Stephen Reed, legal observers say.

Are a statutory lien and other state-crafted protections on Detroit's first post-bankruptcy bond sale enough for investors assessing the city's long-term recovery?

The Puerto Rico Aqueduct and Sewer Authority plans to sell a $750 million bond by the end of August, anticipating paying a roughly 10% interest rate.

Daily Economic indicators box Indicator Last Report Forecast Actual Productivity Q1: -1.1% Q2: +1.6% Q2: +1.3% Unit Labor Costs Q1: +2.3% Q2: +0.2% Q2: +0.5% Wholesale Inventories May: +0.6% June: +0.4% June: +0.9%

Standard & Poor's Ratings Services said it raised its long-term rating and underlying rating to AA from AA-minus on Hazelwood, Mo.'s general obligation bonds.

While there are currently many reasons for municipal bond investors to fret, one measure of market sentiment is showing a high level of complacency.

The muni market is eagerly awaiting the first of the weeks' new issuance although really looking ahead to the Kansas Development Finance Authority's $1 billion pension deal, which is expected Wednesday.

Aug. 11, 2015 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.34 1.53 2.51 3.4 Arkansas Aa1/AA/NR 0.29 1.42 2.34 3.22 Colorado Aa1/AA/NR 0.29 1.46 2.39 3.3 Kansas Aa1/AA+/NR 0.27 1.46 2.39 3.26 New Mexico Aaa/AA+/NR 0.27 1.41 2.3 3.2 Oklahoma Aa2/AA+/AA+ 0.31 1.49 2.41 3.3 Texas Aaa/AAA/AAA 0.29 1.44 2.39 3.24 Utah Aaa/AAA/AAA 0.27 1.35 2.21 3.08

8/10/2015 8/3/2015 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 1 $5,990 1 $5,990 $0 Arkansas 7 177,280 5 89,520 87,760 Colorado 0 0 2 100,405 -100,405 Kansas 12 1,153,479 9 63,675 1,089,804 New Mexico 3 46,310 0 0 46,310 Oklahoma 1 40,120 0 0 40,120 Texas 32 679,870 26 686,160 -6,290 Utah 2 81,900 1 67,880 14,020

Tuesday, August 11 Issuer St Description Amount

Tuesday, August 11 Issuer St Description Amount

Week Of August 10 Issuer St Description Amount