News and Information from Bond Buyer

A registered investment advisor who worked with Texas Attorney General-elect Ken Paxton could lose his securities license after a hearing Jan. 27. Paxton was fined and reprimanded for violating state securities laws in directing business to Mowery.

Dallas Independent School District joins the year-end parade to the refunding market with $222.6 million of bonds expected to price Dec. 2

Lower oil prices may cause a $100 million adjustment in New Mexico's revenue forecast for the next fiscal year, a state official said.

The Treasury Department said Monday it will sell $40 billion of four-week discount bills Tuesday.

University of Houston president and chancellor Renu Khator will become chair of the Federal Reserve Bank of Dallas in 2015. Khator will be replaced as deputy chair by BNSF Railway Co. executive chairman Matthew K. Rose.

Texas factory activity, as measured by the production index, "increased again in November," according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas, released Monday.

The Chicago Fed National Activity Index for October fell to 0.14 from a revised 0.29 reading in September, while the three-month moving average (CFNAI-MA3) dropped to negative 0.01 from a revised positive 0.12 in September, the Federal Reserve Bank of Chicago reported Monday.

Monday, November 24 Issuer St Description Amount

Monday, November 24 Issuer St Description Amount

Week Of November 24 Issuer St Description Amount

Day Indicator Last Report Forecast Tuesday GDP Q2: +4.6% Q3: +3.3% Tuesday Final Sales Q2: +3.2% Q3: n/a Tuesday Construction Spending Sept.: -0.4% Oct.: n/a Wednesday Durable Goods Sept.: -1.3% Oct.: -0.6% Wednesday Durable Goods ex-trans Sept.: -0.2% Oct.: +0.5% Wednesday Initial Jobless Claims 11/15: 291,000 11/22: 288,000 Wednesday Continuing Claims 11/22: 2.330M 11/29: 2.346M Wednesday Personal Income Sept.: +0.2% Oct.: +0.4% Wednesday Consumption Sept.: -0.2% Oct.: +0.3% Wednesday Core PCE Sept.: +0.1% Oct.: +1.4% Wednesday Chicago PMI Oct.: 66.2 Oct.: 63.0 Wednesday Michigan Sentiment Oct.: 86.9 Nov.: 90.0 Wednesday Current Conditions Oct.: 98.3 Nov.: 103.0 Wednesday Expectations Oct.: 79.6 Nov.: 80.8 Wednesday New Home Sales Sept.: 467,000 Oct.: 471,000 Wednesday Pending Home Sales Sept.: +0.3% Oct.: +0.6%

Nov. 24, 2014 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.18 1.32 2.45 3.4 Delaware Aaa/AAA/AAA 0.14 1.15 2.14 3.06 Maine Aa2/AA/AA 0.15 1.19 2.23 3.18 Maryland Aaa/AAA/AAA 0.14 1.15 2.15 3.08 Massachusetts Aa1/AA+/AA+ 0.16 1.23 2.3 3.25 New Hampshire Aa1/AA/AA+ 0.14 1.21 2.27 3.2 New Jersey A1/A/A 0.26 1.55 2.63 3.56 New York Aa1/AA+/AA+ 0.14 1.17 2.22 3.24 Pennsylvania Aa3/AA+/AA+ 0.16 1.35 2.44 3.38 Rhode Island Aa2/AA/AA 0.18 1.32 2.48 3.41 Vermont Aaa/AA+/AAA 0.14 1.16 2.17 3.1 Dist. of Columbia Aa2/AA/AA 0.16 1.26 2.37 3.35 Puerto Rico B2/BB/BB+ 7.79 9.15 9.1 7.53

11/21/2014 11/14/2014 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 0 $0 4 $553,000 -$553,000 Delaware 0 0 2 13,765 -13,765 Maine 0 0 1 50,000 -50,000 Maryland 1 38,880 9 698,290 -659,410 Massachusetts 1 9,500 3 71,935 -62,435 New Hampshire 1 18,680 1 21,323 -2,643 New Jersey 7 613,330 6 55,490 557,840 New York 11 188,348 6 395,993 -207,645 Pennsylvania 12 144,665 22 382,389 -237,724 Rhode Island 1 593,655 4 615,705 -22,050 Vermont 0 0 3 111,055 -111,055 District of Columbia 0 0 1 21,570 -21,570 Puerto Rico 0 0 0 0 0

INDIANA

ALABAMA

New municipal deals will be almost as scarce as Thanksgiving leftovers this week when traders, underwriters, and investors take a holiday hiatus and volume dips to less than $1 billion.

Wisconsin faces a $2.2 billion gap headed into the next two-year budget cycle, up $400 million from previous estimates.

Government

A judge gave the green light for Portland, Ore.'s Metro to issue bonds for a hotel project, but opponents say they will appeal the ruling.