News and Information from Bond Buyer

Margaret “Peg” Henry, a lawyer who has worked for municipal securities regulators, congressional tax-writing committees, as well as bond lawyer and underwriting firms, has joined Stifel Nicolaus & Co. as a deputy general counsel.

Indicator Last Report Forecast Actual Factory Orders Oct.: -0.7% Nov.: -0.5% Nov.: -0.7% ISM Non-Manufacturing Nov.: 59.3 Dec.: 58.2 Dec.: 56.2

The U.S. services sector expanded at a slower pace in December as the non-manufacturing business activity composite index was 56.2 in the month, compared to 59.3 in November, on a seasonally adjusted basis, the Institute for Supply Management reported Tuesday.

New orders for manufactured goods dropped 0.7% in November, after falling an unrevised 0.7% in October, the Commerce Department reported Tuesday.

The Internal Revenue Service has closed a targeted audit of Philadelphia's series 2010A water and wastewater revenue refunding bonds without making any changes to the bonds' tax-exempt status.

A well-attended memorial service was held Jan. 5 in Brea Calif., for Nossaman LLP bond attorney Jeffrey A. Stava, who died Dec. 30 at 56.

The municipal bond market is set to welcome the first of the week's new supply as the top negotiated sale of the week is ready to be priced for retail investors.

Illinois Gov.-elect Bruce Rauner named Leslie Geissler Munger to serve the new term of Comptroller Judy Baar Topinka, who died last month after her re-election.

Jan. 6, 2015 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.19 1.45 2.31 3.15 Arkansas Aa1/AA/NR 0.14 1.32 2.08 2.92 Colorado Aa1/AA/NR 0.15 1.36 2.2 3.05 Kansas Aa1/AA+/NR 0.14 1.38 2.18 3.01 New Mexico Aaa/AA+/NR 0.14 1.35 2.14 2.98 Oklahoma Aa2/AA+/AA+ 0.15 1.4 2.21 3.05 Texas Aaa/AAA/AAA 0.14 1.32 2.1 2.95 Utah Aaa/AAA/AAA 0.14 1.29 2.01 2.83

1/5/2015 12/29/2014 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 2 $42,250 0 $0 $42,250 Arkansas 1 3,320 1 3,865 -545 Colorado 4 37,560 4 52,335 -14,775 Kansas 2 4,410 1 3,765 645 New Mexico 2 29,200 0 0 29,200 Oklahoma 12 12,635 7 8,225 4,410 Texas 27 1,037,055 17 541,920 495,135 Utah 1 47,000 0 0 47,000

Tuesday, January 6 Issuer St Description Amount

Tuesday, January 6 Issuer St Description Amount

Week Of January 5 Issuer St Description Amount

Week Of January 5 Issuer St Description Amount

MICHIGAN

OHIO

Government

More questions over whether the National Football League's Rams will remain in St. Louis were raised Monday by reports that the team's owner is planning to construct an 80,000-seat stadium in southern California as part of a larger development project.

The municipal bond market on Monday was ready to absorb this week's new supply, the first substantial new issuance in over two weeks. Yields on high-quality municipal bonds were lower as Treasuries gained, traders said.

The Municipal Securities Rulemaking board is accepting applications from individuals knowledgeable about the muni market who want to join the self-regulator's board of directors.