News and Information from Bond Buyer

The Federal Reserve's Labor Market Conditions Index, a compilation of 19 labor market measures, gained to 2.5 in September from 2.0 in August.

The Conference Board's Employment Trends Index (ETI) gained to 121.68 in September from an upwardly revised 121.32 in August, and is up 6.1% from a year ago, the group announced Monday.

Moody's Investors Service said it has downgraded to Aa3 from Aa2, the Caddo Parish Parishwide School District and School Board, La.'s general obligation bonds.

10/3/2014 9/26/2014 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 1 $9,465 3 $748,100 -$738,635 Delaware 0 0 0 0 0 Maine 1 7,200 2 118,850 -111,650 Maryland 0 0 0 0 0 Massachusetts 1 3,400 3 16,512 -13,112 New Hampshire 0 0 0 0 0 New Jersey 4 558,724 7 90,955 467,769 New York 14 927,435 9 86,523 840,912 Pennsylvania 7 79,060 4 47,160 31,900 Rhode Island 2 595,160 2 680,160 -85,000 Vermont 0 0 0 0 0 District of Columbia 2 523,430 0 0 523,430 Puerto Rico 0 0 0 0 0

Oct. 6, 2014 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.16 1.3 2.38 3.32 Delaware Aaa/AAA/AAA 0.12 1.14 2.09 3.03 Maine Aa2/AA/AA 0.14 1.17 2.15 3.14 Maryland Aaa/AAA/AAA 0.13 1.15 2.1 3.04 Massachusetts Aa1/AA+/AA+ 0.14 1.2 2.21 3.2 New Hampshire Aa1/AA/AA+ 0.13 1.2 2.2 3.14 New Jersey Aa3/AA+/A 0.23 1.54 2.55 3.49 New York Aa2/AA/AA 0.13 1.17 2.17 3.2 Pennsylvania Aa2/AA/AA+ 0.15 1.32 2.4 3.34 Rhode Island Aa2/AA/AA 0.17 1.35 2.42 3.4 Vermont Aaa/AA+/AAA 0.13 1.2 2.16 3.09 Dist. of Columbia Aa2/A+/AA 0.15 1.26 2.32 3.3 Puerto Rico Baa3/BB+/BB+ 7.78 8.85 8.3 7.14

Monday, October 6 Issuer St Description Amount

Monday, October 6 Issuer St Description Amount

Week Of October 6 Issuer St Description Amount

INDIANA

CALIFORNIA

Day Indicator Last Report Forecast Tuesday Consumer Credit July: +$26.0B Aug.: +$20.0B Thursday Initial Jobless Claims 9/20: 287,000 9/27: 295,000 Thursday Continuing Claims 9/13: 2.398M 9/20: 2.410M Thursday Wholesale Inventories July: +0.1% Aug.: +0.3% Thursday Wholesale Sales July: +0.7% Aug.: +0.5% Friday Import Prices Aug.: -0.9% Sept.: -0.7% Friday Treasury Budget Aug.: -$128.7B Sept.: n/a

While municipal volume is expected to be just above $5 billion this week, traders say with a substantial amount of those bonds being issued as taxable, supply suited to traditional muni investors will be closer to $4 billion.

The high-plains city of Lubbock, Texas, won't ask voters to approve $134 million of bonds, as a majority of the city council agreed that the timing was wrong.

A recently passed Philadelphia cigarette tax is a temporary plus for the financially-distressed Philadelphia School District, said Moody's Investors Service.

As the market digests rebounding supply, traders expect demand to stay high until more weeks of consistently healthy issuance occur.

Government

Bond insurer Syncora Guarantee Inc.'s settlement with Detroit was the focus of much of the testimony Friday during the federal trial on the city's bankruptcy exit plan.

Chicago-based William Blair & Co. is making a big push into the Texas market, snaring a five-member banking team from Robert W. Baird & Co. led by Ajay Thomas who will take over the firm's public finance banking group and help guide a national expansion.

In his last debt affordability report before he retires from public office, State Treasurer Bill Lockyer gives an update on California's financial position and debt issuance plans, including plans to issue $3.9 billion in new general fund supported debt in fiscal 2015.