News and Information from Bond Buyer

7/9/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 0 $0 $0 California 14 452,655 21 1,806,377 ?1,353,722 Hawaii 0 0 0 0 0 Idaho 0 0 0 0 0 Montana 0 0 1 6,995 ?6,995 Nevada 1 15,000 2 115,055 ?100,055 Oregon 1 18,180 2 109,300 ?91,120 Washington 3 48,015 6 167,755 ?119,740 Wyoming 0 0 0 0 0

Monday, July 13 Issuer St Description Amount

Monday, July 13 Issuer St Description Amount

Indicator Last Report Forecast Actual Initial Jobless Claims 6/27: 281,000 7/4: 275,000 7/4: 297,000 Continuing Claims 6/20: 2.264M 6/27: 2.238 6/27: 2.334

Friday, July 10 Issuer St Description Amount

ARKANSAS

ALABAMA

With no end to a budget stalemate in sight, Illinois House Democrats pushed through a $2.3 billion one-month spending plan Thursday after adding a provision that would allow the state to meet its payroll for the next 30 days.

For the 10th week in a row, municipal bond funds reported cash outflows. The weekly reporting funds saw $305.707 million of outflows in the week ended July 8, after experiencing outflows of $1.199 billion in the previous week, according to the latest Lipper data.

Government

State Treasurer Denise Nappier promoted Deborah Spalding to chief investment officer of the $30 billion Connecticut Retirement Plans and Trust Funds.

For the week ended July 9, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, decreased three basis points to 4.45%, from 4.48% the previous week.

An Illinois judge will rule July 24 on whether Chicago’s 2014 overhaul of its laborers and municipal funds pass state constitutional muster. Either way, the case will land on the Illinois Supreme Court’s docket.

Two senators have introduced a bipartisan bill that would give the Securities and Exchange Commission the ability to levy higher civil monetary penalties against firms and individuals for securities law violations.

Prices of top-rated municipal bonds broke a three-day streak and ended weaker on Thursday, traders said, as yields on some maturities strengthened by as much as four basis points. In the primary market, Bank of America Merrill Lynch priced the Illinois State Toll Highway Authority's $400 million deal.

Advisors Asset Management has picked up two veteran fixed income traders as part of the expansion of its capital markets group.

Senate will take up a highway funding bill next week but revenue source remains contentious.

The Michigan Treasurer and Detroit officials warned Detroit City Council members that their rejection of a water and sewer rate increase could spark additional state oversight.

A battle between Fresno Unified School District and a developer playing out in California courts could be costly for the state's school districts.

When Arkansas' fiscal year 2015 ended on June 30, the state had a surplus of nearly $192 million, according to the Department of Finance and Administration.