News and Information from Bond Buyer

Long Island, N.Y., governments will benefit from a New York state appellate court decision to allow a lawsuit to prevent the Long Island Power Authority from challenging the assessment on its Northport, N.Y. power plant, according to Moody's Investors Service.

Earthquakes across the nation’s energy-producing regions could have widespread impact on credits and the economies of the regions, according to a report by Standard & Poor’s.

Standard & Poor's Ratings Services said it raised its underlying rating for credit program on Morley-Stanwood Community Schools, Mich.'s general obligation debt one notch to A from A-minus.

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

Public finance veteran Richard Ravitch said part of the solution to New York's mass transit funding problem would be to "elect better politicians."

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.125% high rate, up from 0.075% the prior week, and the six-months incurred a 0.245% high rate, up from 0.165% the week before.

The Treasury Department said it will auction $25 billion 19-day cash management bills on Aug. 11.

The Treasury Department said Monday it will sell $40 billion of four-week discount bills Tuesday.

Consumers' view of the economy was fairly stable in the past month, with inflation expectations remaining at 3.0%, and earnings and household income growth expectations largely flat, according to the July Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.

The Federal Reserve's Labor Market Conditions Index, a compilation of 19 labor market measures, fell to 1.1 in July from a revised 1.4 in June.

The Conference Board's Employment Trends Index (ETI) climbed to 127.89 in July from a downwardly revised 127.57 in June, and is up 4.4% from a year ago, the group announced Monday.

INDIANA

Monday, August 10 Issuer St Description Amount

Monday, August 10 Issuer St Description Amount

Week Of August 10 Issuer St Description Amount

Negotiated Bond Sales

ALABAMA

Continuing patient losses and a 2014 Department of Justice settlement factored into Moody's two-notch downgrade for King's Daughters Medical Center in Kentucky.

A survey out the San Francisco Controller's office found residents to be reasonably satisfied with its infrastructure and public services, in advance of major investments and a large bond proposal.

Prices of top-quality municipal bonds closed stronger on Friday, traders said, with yields on some maturities dropping by as much as four basis points.