News and Information from Bond Buyer

While finding new revenue sources for highway improvements is indeed a thorny political issue, analysts at Conning feel that the credit quality of the existing bonds remains sound.

U.S. Bankruptcy Judge Steven Rhodes is set to rule on Detroit's bankruptcy late in the first week of November, likely putting it past the state's gubernatorial election.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.020% high rate, up from 0.010% the prior week, and the six-months incurred a 0.050% high rate, up from 0.040% the week before.

An extra layer of state oversight loosely based on the Harrisburg receivership may evolve from Pennsylvania's new time limit for distressed municipalities to stay in its Act 47 program.

The Treasury Department said Monday it will sell $34 billion of four-week discount bills Tuesday.

Texas officials like DeWitt County, Texas, Judge Daryl Fowler are riding a boom from oil and gas drilling but know from experience that a "Texas Miracle" can quickly turn into a mirage.

Legislation awaiting the governor's signature is a positive for local governments that are under Pennsylvania's independent control board supervision, according to Fitch Ratings.

Stock market volatility has not changed his desire to stop the Fed's bond-buying "one iota," and he sees no reason to not end the program this month, Federal Reserve Bank of Dallas President Richard Fisher said in a televised interview Monday.

Oct. 20, 2014 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.16 1.14 2.11 3.07 Delaware Aaa/AAA/AAA 0.12 0.98 1.82 2.78 Maine Aa2/AA/AA 0.14 1.01 1.88 2.89 Maryland Aaa/AAA/AAA 0.13 0.99 1.83 2.79 Massachusetts Aa1/AA+/AA+ 0.14 1.04 1.94 2.95 New Hampshire Aa1/AA/AA+ 0.13 1.03 1.93 2.89 New Jersey Aa3/AA+/A 0.23 1.36 2.28 3.24 New York Aa2/AA/AA 0.13 1.01 1.9 2.95 Pennsylvania Aa2/AA/AA+ 0.15 1.16 2.12 3.09 Rhode Island Aa2/AA/AA 0.17 1.19 2.15 3.15 Vermont Aaa/AA+/AAA 0.13 1.04 1.89 2.84 Dist. of Columbia Aa2/A+/AA 0.15 1.08 2.05 3.02 Puerto Rico Baa3/BB+/BB+ 7.78 8.74 8.68 7.54

10/17/2014 10/10/2014 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 4 $34,445 5 $259,485 -$225,040 Delaware 1 305,865 0 0 305,865 Maine 0 0 1 7,200 -7,200 Maryland 1 249,315 1 249,315 0 Massachusetts 4 153,830 3 28,708 125,122 New Hampshire 0 0 0 0 0 New Jersey 9 299,469 6 185,709 113,760 New York 11 655,338 11 1,155,040 -499,702 Pennsylvania 13 531,765 4 96,795 434,970 Rhode Island 4 802,070 5 842,975 -40,905 Vermont 0 0 0 0 0 District of Columbia 1 368,070 0 0 368,070 Puerto Rico 0 0 0 0 0

Tuesday, October 21 Issuer St Description Amount

Monday, October 20 Issuer St Description Amount

Week Of October 20 Issuer St Description Amount

Week Of October 20 Issuer St Description Amount

ILLINOIS

ALABAMA

Day Indicator Last Report Forecast Tuesday Existing Home Sales Aug.: 5.050M Sept.: 5.100M Wednesday CPI Aug.: -0.2% Sept.: 0.0% Wednesday CPI Core Aug.: unch Sept.: +0.1% Thursday Initial Jobless Claims 10/11: 264,000 10/18: 280,000 Thursday Continuing Claims 10/4: 2.389 10/11: 2.380M Thursday Leading Indicators Aug.: +0.2% Sept.: +0.6% Friday New Home Sales Aug.: 504,000 Sept.: 470,000

This week's new-issue activity will be led by a billion-dollar transportation bond sale from California and a trio of large deals in the Northeast region.

The board of Wayne County, Mich. has rejected a plan to move a half-built abandoned jail site in downtown Detroit, making it more likely the county will restart the controversial, bond-financed project.