News and Information from Bond Buyer

The Colorado Aeronautical Board will provide only $3 million in airport grants in 2015, a fifth of the amount originally planned, officials said.

The Treasury Department said Monday it will sell $50 billion of four-week discount bills Tuesday.

When markets are so opaque that trading occurs only in a small fraction of outstanding issues, transactional and risk clarity has to be restored, a market advisor writes.

Colorado State University President Tony Frank said he now supports plans to build a $195 million stadium on the Fort Collins campus through a combination of donations and revenue bonds.

The Texas Transportation Commission plans to start 2015 with a $1.6 billion refunding of most of the debt issued for the Central Texas Turnpike System.

The overall economy grew for the sixty-sixth straight time, while the manufacturing sector expanded for the eighteenth consecutive month, the Institute for Supply Management reported Monday.

The municipal bond market's attention turns back to business as about $12.4 billion of new supply is scheduled for sale this week.

The U.S. Department of Housing and Urban Development is seeking a buyer for the Lakeway Regional Medical Center after the Austin area hospital defaulted on a $164 million HUD-guaranteed mortgage.

Arizona has seen seven straight months of revenue running below forecast, according to legislative budget analysts.

New Mexico's dependence on energy revenues and government funding brings a negative outlook to the state's AA-plus rating from Standard & Poor's.

Kansas revenues came in $3.1 million above expectations in November, but the state still faces projected shortfalls of $279 million for this fiscal year and $436 million in the following year.

NEW YORK

ARIZONA

Day Indicator Last Report Forecast Monday ISM Manufacturing Oct.: 59.0 Nov.: 58.3 Tuesday Construction Spending Sept.: -0.4% Oct.: +0.5% Wednesday ADP Employment Oct.: +213,000 Nov.: +235,000 Wednesday Productivity Q2: +2.9% Q3: +1.8% Wednesday Unit Labor Costs Q2: -0.5% Q3: +0.6% Wednesday ISM Non-Manufacturing Sept.: 57.1 Oct.: 58.0 Thursday Initial Jobless Claims 11/22: 313,000 11/29: n/a Thursday Continuing Claims 11/15: 2.316M 11/22: n/a Friday Nonfarm Payrolls Oct.: +214,000 Nov.: +239,000 Friday Private Payrolls Oct.: +209,000 Nov.: +227,000 Friday Manufacturing Payrolls Oct.: +15,000 Nov.: +10,000 Friday Unemployment Rate Oct.: 5.8% Nov.: 5.8% Friday Avg Hrly Earnings Oct.: unch Nov.: +0.2% Friday Work Week Oct.: 34.6 Nov.: 34.6 Friday International Trade Sept.: -$43.0B Oct.: -$42.0B Friday Factory Orders Sept.: -0.6% Oct.: +0.4% Friday Consumer Credit Sept.: +$15.9B Oct.: +$16.0B

Dec. 1, 2014 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.18 1.35 2.43 3.39 Delaware Aaa/AAA/AAA 0.14 1.16 2.12 3.05 Maine Aa2/AA/AA 0.15 1.2 2.21 3.17 Maryland Aaa/AAA/AAA 0.14 1.16 2.13 3.07 Massachusetts Aa1/AA+/AA+ 0.16 1.24 2.28 3.24 New Hampshire Aa1/AA/AA+ 0.14 1.22 2.25 3.19 New Jersey A1/A/A 0.26 1.56 2.61 3.55 New York Aa1/AA+/AA+ 0.14 1.18 2.2 3.23 Pennsylvania Aa3/AA+/AA+ 0.16 1.36 2.42 3.37 Rhode Island Aa2/AA/AA 0.18 1.33 2.46 3.4 Vermont Aaa/AA+/AAA 0.14 1.17 2.15 3.09 Dist. of Columbia Aa2/AA/AA 0.16 1.27 2.35 3.33 Puerto Rico B2/BB/BB+ 7.79 9.16 9.08 7.52

11/28/2014 11/21/2014 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 3 $76,835 0 $0 $76,835 Delaware 0 0 0 0 0 Maine 0 0 0 0 0 Maryland 3 58,200 1 38,880 19,320 Massachusetts 13 927,630 1 9,500 918,130 New Hampshire 1 20,330 1 18,680 1,650 New Jersey 11 694,544 7 613,330 81,214 New York 34 3,530,291 11 188,348 3,341,943 Pennsylvania 22 1,434,905 12 144,665 1,290,240 Rhode Island 2 608,655 1 593,655 15,000 Vermont 0 0 0 0 0 District of Columbia 0 0 0 0 0 Puerto Rico 0 0 0 0 0

Monday, December 1 Issuer St Description Amount

Monday, December 1 Issuer St Description Amount

Week Of December 1 Issuer St Description Amount

Government