News and Information from Bond Buyer

California's Bay Area Toll Authority prices $814 million of revenue bonds next week in a deal structured with an eye to the market's concerns about the potential for rising rates.

The Treasury Department said Wednesday it will auction $24 billion 91-day bills and $26 billion 182-day discount bills Monday.

Puerto Rico's Senate approved tax hikes on imported oil Wednesday evening, taking Puerto Rico another step towards issuing a $2.9 billion bond.

The municipal bond market on Thursday will be digesting as much as $8 billion of new supply that came to market on Wednesday while a few large deals are left on this week's calendar.

The House on Wednesday passed a bill that would extend through the end of the year expired tax provisions known as "extenders," several of which relate to bonds, state and local taxes and Puerto Rico.

The European Central Bank announced its Governing Council held interest rates at its latest monetary policy meeting Thursday.

The 2015 outlooks for both U.S. states and local governments will remain stable as a strengthening economy supports state revenue growth and property tax revenues slowly recover, says Moody's Investors Service in two new annual outlook reports.

With the government contemplating changes to the tax exempt status of municipal bonds and investors faced with dubiously researched claims about the potential for defaults, the industry needs someone to step into the late Jim Lebenthal's role, his daughter writes.

Indicator Last Report Forecast Actual ADP Employment Oct.: +233,000 Nov.: +228,000 Nov.: +208,000 Productivity Q2: +2.9% Q3: +2.2% Q3: +2.3% Unit Labor Costs Q2: -3.7% Q3: +0.3% Q3: -1.0% ISM Non-Manufacturing Sept.: 57.1 Oct.: 57.5 Oct.: 59.3

Dec. 4, 2014 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.14 1.2 2.14 3.1 Florida Aa1/AAA/AAA 0.15 1.21 2.2 3.18 Georgia Aaa/AAA/AAA 0.14 1.15 2.07 3.01 Kentucky Aa2/AA+/AA+ 0.16 1.27 2.29 3.26 Louisiana Aa2/AA/AA 0.15 1.26 2.26 3.22 Mississippi Aa2/AA/AA+ 0.16 1.26 2.28 3.22 North Carolina Aaa/AAA/AAA 0.14 1.15 2.07 3.01 South Carolina Aaa/AA+/AAA 0.14 1.16 2.11 3.05 Tennessee Aaa/AA+/AAA 0.14 1.16 2.11 3.04 Virginia Aaa/AAA/AAA 0.14 1.14 2.06 3 West Virginia Aa1/AA/AA+ 0.16 1.25 2.28 3.24

12/3/2014 11/26/2014 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 4 $63,985 2 $21,150 $42,835 Florida 9 1,290,035 8 1,136,920 153,115 Georgia 2 24,260 2 24,260 0 Kentucky 9 114,920 5 70,215 44,705 Louisiana 3 168,005 3 168,005 0 Mississippi 1 13,500 1 13,500 0 North Carolina 0 0 0 0 0 South Carolina 3 61,225 1 8,380 52,845 Tennessee 4 17,400 1 2,000 15,400 Virginia 8 616,450 2 269,285 347,165 West Virginia 0 0 0 0 0

Thursday, December 4 Issuer St Description Amount

Thursday, December 4 Issuer St Description Amount

Tuesday, December 9 Issuer St Description Amount

Week Of December 1 Issuer St Description Amount

ARKANSAS

ALABAMA

Total tax-exempt and taxable municipal bond issuance in 2015 is expected to edge up to $357.5 billion, an increase of more than 2.7% from the $348.1 billion forecast for this year, according to respondents of an industry survey.

Government

Between $5 billion and $6 billion of new supply flooded into the municipal bond market on Wednesday as numerous deals were sold and priced. New Jersey came to market with $525 million of general obligation bonds in the competitive arena while two issuers from Texas came to market with almost $2 billion of debt in the negotiated sector.