News and Information from Bond Buyer

Indicator Last Report Forecast Actual ISM Manufacturing Oct.: 59.0 Nov.: 58.0 Nov.: 58.7

Dec. 2, 2014 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.19 1.31 2.38 3.33 Arkansas Aa1/AA/NR 0.14 1.21 2.16 3.1 Colorado Aa1/AA/NR 0.15 1.22 2.27 3.23 Kansas Aa1/AA+/NR 0.14 1.24 2.25 3.19 New Mexico Aaa/AA+/NR 0.14 1.21 2.21 3.16 Oklahoma Aa2/AA+/AA+ 0.15 1.26 2.28 3.23 Texas Aaa/AAA/AAA 0.14 1.2 2.16 3.09 Utah Aaa/AAA/AAA 0.14 1.15 2.08 3.01

12/1/2014 11/24/2014 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 5 $846,020 4 $156,265 $689,755 Arkansas 7 132,835 2 92,610 40,225 Colorado 5 68,640 4 86,205 -17,565 Kansas 5 34,970 5 67,680 -32,710 New Mexico 0 0 1 9,500 -9,500 Oklahoma 3 56,680 2 46,000 10,680 Texas 66 3,712,730 29 1,040,235 2,672,495 Utah 2 92,605 0 0 92,605

Tuesday, December 2 Issuer St Description Amount

Tuesday, December 2 Issuer St Description Amount

Tuesday, December 9 Issuer St Description Amount

Week Of December 1 Issuer St Description Amount

ILLINOIS

MASSACHUSETTS

Government

Phoenix plans to raise $155.2 million for new water projects and lower the interest cost on outstanding debt with a combined $610 million issue.

The municipal bond market offers a nice variety of issues this week designed to appeal to those tax-exempt holiday shoppers looking for both quality and a good deal. The calendar consists of approximately $12.5 billion of new issue supply and traders expect the deals to be attractively priced.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.025% high rate, up from 0.020% the prior week, and the six-months incurred a 0.075% high rate, up from 0.070% the week before.

Michigan Gov. Rick Snyder is urging lawmakers to overhaul the state's gas tax formula within the next three weeks to raise up to $1.4 billion or more in new annual road funding.

Broward County, Fla., has named Robert “Bob” Miracle as chief financial officer and director of the Finance and Administrative Services Department.

Strong double-digit investment returns in fiscal 2013 couldn’t stave off funding deterioration for some of the 11 pension funds that cover Chicago area governments and local government employees throughout the state.

Pinal County, Ariz. disclosed that it may settle with the Internal Revenue Service to favorably conclude an audit of 2004 Certificates of Participation whose proceeds were used for detention facilities, though the county said it believes there are no tax problems with the COPs.

Oregon must invest more in its transportation needs or face bigger bills down the road, Oregon DOT says.

The municipal bond market saw prices strengthen across the board as traders prepare for the week's new tax-exempt volume.

Many issuers were expected to spend Monday scrambling to finish their submissions to meet a Dec. 1 deadline for the Municipalities Continuing Disclosure Cooperation initiative.