News and Information from Bond Buyer

Private-sector employment rose 213,000 in September on a seasonally adjusted basis, according to the ADP national employment report.

A post-bankrupt Detroit will not only be a "normal borrower" within a year, but will be stronger than many credits in the muni market, the city's investment banker testified in federal court Tuesday.

Indicator Last Report Forecast Actual Chicago PMI Aug.: 64.3 Sept.: 62.0 Sept.: 60.5 Consumer Confidence Aug.: 93.4 Sept.: 92.5 Sept.: 86.0

Oct. 1, 2014 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 0.73 2.4 3.67 4.56 Indiana Aaa/AAA/AA+ 0.13 1.23 2.29 3.21 Iowa Aaa/AAA/AAA 0.13 1.24 2.29 3.21 Michigan Aa2/AA/AA 0.16 1.31 2.43 3.38 Minnesota Aa1/AA+/AA+ 0.13 1.2 2.22 3.1 Missouri Aaa/AAA/AAA 0.13 1.18 2.2 3.12 Nebraska NR/AAA/AA+ 0.13 1.25 2.37 3.29 North Dakota Aa1/AA+/NR 0.14 1.26 2.35 3.27 Ohio Aa1/AA+/AA+ 0.14 1.23 2.3 3.26 South Dakota NR/AA+/NR 0.14 1.28 2.39 3.32 Wisconsin Aa2/AA/AA 0.15 1.24 2.33 3.29

9/30/2014 9/23/2014 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 6 $38,455 8 $51,920 -$13,465 Indiana 11 74,215 8 171,795 -97,580 Iowa 0 0 0 0 0 Michigan 6 122,920 6 87,165 35,755 Minnesota 29 190,200 20 140,345 49,855 Missouri 4 95,995 4 184,425 -88,430 Nebraska 0 0 0 0 0 North Dakota 0 0 1 9,995 -9,995 Ohio 5 213,700 9 245,701 -32,001 South Dakota 0 0 0 0 0 Wisconsin 9 52,140 10 53,790 -1,650

Wednesday, October 1 Issuer St Description Amount

Wednesday, October 1 Issuer St Description Amount

Week Of September 29 Issuer St Description Amount

Week Of September 29 Issuer St Description Amount

ARKANSAS

CALIFORNIA

Fitch Ratings downgraded the Philadelphia School District's underlying rating to BB-minus from BB Tuesday.

Moody's Investors Service has upgraded the California College of the Arts ahead of a private placement planned later this month.

Government

A Lackawanna County Court ruled that Scranton, Pa., overstepped in assessing a commuter tax on nonresidents.

Investors are keeping their cash on the sidelines until the week's top deal hits the market, a $1.1 billion sale of Texas Transportation Commission highway improvement general obligation bonds that is scheduled to be priced by JPMorgan Securities on Thursday.

The District of Columbia is planning to price roughly $523 million of general obligation bonds next week and “strong demand” is expected both because of improved ratings and the fact that it’s been awhile since D.C. issued long-term, fixed rate GOs, said D.C. Deputy Chief Financial Officer and Treasurer Jeffrey Barnette.

States are having trouble forecasting tax revenue largely because of increasing volatility in their revenues, according to a report released by the Nelson A. Rockefeller Institute of Government on Tuesday.

A Brooklyn judge may have brought light to the end of the tunnel for financially struggling SUNY Downstate with a ruling that could facilitate the already agreed transfer of Long Island College Hospital to New York University.

Securities and Exchange Commission member Michael Piwowar said Tuesday that it isn't clear if implementing a uniform fiduciary standard of conduct for broker-dealers and investment advisers providing personalized investment advice about securities would benefit retail investors.