News and Information from Bond Buyer

The Federal Reserve's Labor Market Conditions Index, a compilation of 19 labor market measures, dipped to 0.8 in June from a revised 0.9 in May.

The Conference Board's Employment Trends Index (ETI) climbed to 129.11 in June from a downwardly revised 128.47 in May, and is up 4.8% from a year ago, the group announced Monday.

The U.S. services sector expanded at a faster pace in June as the non-manufacturing business activity composite index was 56.0 in the month, compared to 55.7 in May, on a seasonally adjusted basis, the Institute for Supply Management reported Monday.

Pennsylvania Gov. Tom Wolf is expected to veto a bill that would force new state hires into a 401(k)-style defined contribution plan.

Fitch Ratings said it has assigned a BBB-plus rating Chicago, Ill.'s $389.6 million general obligation bonds series 2015A and $689.6 million GO bonds taxable series 2015B.

Monday, July 6 Issuer St Description Amount

Monday, July 6 Issuer St Description Amount

Week Of July 6 Issuer St Description Amount

Week Of July 6 Issuer St Description Amount

OKLAHOMA

CALIFORNIA

Day Indicator Last Report Forecast Monday ISM Non-Manufacturing May: 55.7 June: 56.3 Tuesday International Trade April: -$40.9B May: -$42.3B Tuesday Consumer Credit April: +$20.54B May: +$18.3B Thursday Initial Jobless Claims 6/27: 281,000 7/4: 275,000 Thursday Continuing Claims 6/20: 2.264M 6/27: 2.238 Friday Wholesale Inventories April: +0.4% May: +0.3% Friday Wholesale Sales April: +1.6% May: +0.9%

Jul. 6, 2015 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.37 1.73 2.8 3.83 Delaware Aaa/AAA/AAA 0.3 1.41 2.31 3.32 Maine Aa2/AA/AA 0.31 1.51 2.41 3.43 Maryland Aaa/AAA/AAA 0.3 1.44 2.34 3.33 Massachusetts Aa1/AA+/AA+ 0.32 1.5 2.49 3.57 New Hampshire Aa1/AA/AA+ 0.31 1.49 2.41 3.45 New Jersey A1/A/A 0.95 2.32 3.27 4.26 New York Aa1/AA+/AA+ 0.3 1.43 2.37 3.49 Pennsylvania Aa3/AA+/AA+ 0.52 1.9 2.94 3.95 Rhode Island Aa2/AA/AA 0.38 1.66 2.68 3.71 Vermont Aaa/AA+/AAA 0.3 1.43 2.37 3.36 Dist. of Columbia Aa1/AA/AA 0.34 1.52 2.52 3.57 Puerto Rico B2/BB/BB+ 8.3 9.72 9.92 8.83

7/3/2015 6/26/2015 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 6 $126,815 $3 $54,650 $72,165 Delaware 0 0 1 15,000 -15,000 Maine 0 0 1 41,255 -41,255 Maryland 2 500,000 0 0 500,000 Massachusetts 10 323,829 4 121,071 202,758 New Hampshire 1 1,110 0 0 1,110 New Jersey 2 23,293 4 31,315 -8,022 New York 15 264,749 7 55,048 209,701 Pennsylvania 13 285,195 4 91,545 193,650 Rhode Island 4 131,795 0 0 131,795 Vermont 0 0 0 0 0 District of Columbia 0 0 3 350,025 -350,025 Puerto Rico 0 0 0 0 0

In a move that may bolster municipal bond market transparency, S&P Capital IQ has unveiled a new intra-day muni bond pricing service.

Government

For the ninth week in a row, municipal bond funds reported an almost $1.2 billion outflow, the largest cash withdrawal so far this year. This brought to 12 out of 27 weeks this year the funds have suffered cash withdrawals.

Standard & Poor’s has dropped the Chicago Board of Education’s general obligation rating two levels to BBB and put it on CreditWatch negative.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices increased two basis points to 4.48% for the week ended July 2 from 4.46% in the previous week.

Puerto Rico has indicated that September may be the start of the commonwealth government’s monetary defaults.