News and Information from Bond Buyer

Municipal bond traders are focusing on the week's hefty new issue calendar, which is kicking off with the sales of several big-ticket items. Municipal bond yields are moving slightly higher Tuesday, continuing the market sell-off that began last week.

High speed rail in the U.S. is stymied by a lack of political will and no dedicated funding.

The Gary/Chicago International Airport, located in struggling Gary, Ind., is making its first bond market appearance this week with the sale of $30 million of tax increment-backed bonds.

The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.035% high yield, a price of 99.997278.

Standard & Poor's Ratings Services said it has raised its rating on Berkshire Municipal Wind Power Cooperative Corp., Mass.'s (Berkshire, or the cooperative) wind project revenue bonds to A from A-minus.

The cash balance of the Puerto Rico Electric Power Authority declined 54% to Sept. 30 from June 30.

The municipal bond market sell-off continues on Tuesday, which is good news for buyers but possibly a negative for issuers, according to market participants.

MBIA and Assured Guaranty will be able to absorb possible losses on the electric authority, PREPA, bonds they insure without significant pressure on their credit profiles, however more systemic defaults by Puerto Rico would exert meaningful negative pressure, according to a report from Moody's Investors Service.

The New York region's service sector activity "expanded briskly," according to the Federal Reserve Bank of New York's November Business Leaders Survey, released Tuesday.

Builders' confidence in the market for new single-family homes grew as the National Association of Home Builders' housing market index climbed to 58 in November from 54 in October.

How can Pennsylvania, with a Democratic governor and a more Republican legislature, grasp serious financial challenges?

Indicator Last Report Forecast Actual Empire State Manufacturing Oct.: 6.17 Nov.: 11.00 Nov.: 10.16 Industrial Production Sept.: +0.8% Oct.: +0.2% Oct.: -0.1% Capacity Utilization Sept.: 79.2 Oct.: 79.3 Oct.: 78.9

Nov. 18, 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 2.47 3.4 Arkansas Aa1/AA/NR 0.14 1.23 2.27 3.18 Colorado Aa1/AA/NR 0.15 1.22 2.36 3.3 Kansas Aa1/AA+/NR 0.14 1.24 2.34 3.26 New Mexico Aaa/AA+/NR 0.14 1.21 2.3 3.23 Oklahoma Aa2/AA+/AA+ 0.15 1.26 2.37 3.3 Texas Aaa/AAA/AAA 0.14 1.2 2.25 3.16 Utah Aaa/AAA/AAA 0.14 1.15 2.17 3.08

11/17/2014 11/10/2014 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 1 $456,470 4 $95,255 $361,215 Arkansas 6 169,090 6 272,685 -103,595 Colorado 3 38,500 7 237,870 -199,370 Kansas 5 30,480 10 86,128 -55,648 New Mexico 4 31,180 0 0 31,180 Oklahoma 3 20,080 0 0 20,080 Texas 54 1,468,158 44 1,154,777 313,381 Utah 0 0 0 0 0

Tuesday, November 18 Issuer St Description Amount

Tuesday, November 18 Issuer St Description Amount

Week Of November 17 Issuer St Description Amount

Week Of November 17 Issuer St Description Amount

FLORIDA