News and Information from Bond Buyer

Passage of a long-stalled transportation infrastructure package that would raise $1.2 billion in new revenue will be Michigan Gov. Rick Snyder's top priority during the upcoming lame-duck legislation session, the state's budget director said.

Monticello, Minn., will borrow $6.5 million to fund a settlement with holders of $26.4 million of defaulted telecommunication revenue bonds as the city seeks to turn the page from a failed deal that prompted investor accusations of fraud.

Yields were raised on the $700 million New York City Transitional Finance Authority future tax secured subordinate bonds as the municipal market continued to sell-off on Tuesday, and traders are conflicted over whether or not this means retail is interested in the bonds.

U.S. President Barack Obama signed a Disaster Declaration for Public Assistance on Nov. 3 to provide financial aid to the small Hawaii town of Pahoa threatened by a slow-moving lava flow.

The Treasury Department Tuesday auctioned $36 billion of four-week bills at a 0.035% high yield, a price of 99.997278.

Rating upgrades increased their share of all rating revisions Moody's Investors Service made on U.S. municipal issuers in the third quarter of 2014, the fourth time their share has increased over the last five quarters, according to a Moody's report.

Taxables are set to dominate the primary on Tuesday, and yield-hungry investors must be thanking the muni market's higher powers that are providing them with a plethora of choices.

New orders for manufactured goods dropped 0.6% in September, after falling a revised 10.0% in August, initially reported as a 10.1% plunge, the Commerce Department reported Tuesday.

New York City business activity grew at its slowest pace in six months in October, as the current business conditions index dropped to 54.8 from 63.7 in September, the Institute for Supply Management-New York's Report on Business index, released Tuesday, indicated.

Standard & Poor's Ratings Services said it raised its underlying rating (SPUR) to A-minus from BBB-plus on Canyon County School District No. 132 (Caldwell), Idaho's general obligation bonds.

Tuesday, November 4 Issuer St Description Amount

Tuesday, November 4 Issuer St Description Amount

Week Of November 3 Issuer St Description Amount

Week Of November 3 Issuer St Description Amount

IOWA

ALABAMA

Indicator Last Report Forecast Actual Construction Spending Aug.: -0.5% Sept.: +0.7% Sept.: -0.4% ISM Manufacturing Sept.: 56.6 Oct.: 56.2 Oct.: 59.0