News and Information from Bond Buyer

The municipal market held its breath on Monday morning, waiting for the week's true volume, which will hit on Tuesday and Wednesday.

Fitch Ratings and Moody's Investors Service have downgraded various ratings of Salisbury, N.C., because of its fledgling fiber optic broadband service.

Standard & Poor's Ratings Services said it lowered its rating on Atlantic City, N.J.'s general obligation bonds outstanding one notch to BBB-plus from A-minus, with a negative outlook.

Tender rates for the Treasury Department's latest 92-day and 182-day discount bills were lower, as the three-months incurred a 0.010% high rate, down from 0.015% the prior week, and the six-months incurred a 0.040% high rate, unchanged from 0.045% the week before.

The Treasury Department said Monday it will sell $40 billion of four-week discount bills Tuesday.

Federal Reserve Bank of Philadelphia president and chief executive officer Charles I. Plosser announced Monday he will retire effective March 1, 2015.

Existing home sales fell 1.8% to a seasonally adjusted 5.05 million-unit rate in August from a revised 5.14 million pace the previous month, the National Association of Realtors announced Monday.

Rhode Island Secretary of State Ralph Mollis intends to seek a steeper fine, if one is warranted, against a lawyer accused of wrongly lobbying for the 38 Studios financing bill.

The Chicago Fed National Activity Index for August dropped to negative 0.21 from a revised positive 0.26 reading in July, while the three-month moving average (CFNAI-MA3) fell to 0.07 from a revised 0.20 in July, the Federal Reserve Bank of Chicago reported Monday.

Sep. 22, 2014 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.16 1.33 2.56 3.48 Delaware Aaa/AAA/AAA 0.12 1.17 2.26 3.19 Maine Aa2/AA/AA 0.14 1.2 2.32 3.3 Maryland Aaa/AAA/AAA 0.13 1.18 2.28 3.2 Massachusetts Aa1/AA+/AA+ 0.14 1.22 2.4 3.38 New Hampshire Aa1/AA/AA+ 0.13 1.23 2.37 3.3 New Jersey Aa3/AA+/AA+ 0.23 1.51 2.67 3.62 New York Aa2/AA/AA 0.13 1.2 2.34 3.36 Pennsylvania Aa2/AA/AA 0.15 1.35 2.58 3.5 Rhode Island Aa2/AA/AA 0.17 1.38 2.59 3.56 Vermont Aaa/AA+/AAA 0.13 1.23 2.33 3.25 Dist. of Columbia Aa2/A+/AA+ 0.15 1.29 2.49 3.46 Puerto Rico Baa3/BB+/BBB- 7.78 8.88 8.42 7.35

9/19/2014 9/12/2014 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 5 $774,345 0 $0 $774,345 Delaware 0 0 0 0 0 Maine 0 0 0 0 0 Maryland 2 89,490 3 287,265 -197,775 Massachusetts 6 93,798 8 495,104 -401,306 New Hampshire 0 0 0 0 0 New Jersey 5 93,069 8 352,217 -259,148 New York 8 2,055,836 8 2,406,548 -350,712 Pennsylvania 3 67,865 9 476,645 -408,780 Rhode Island 1 593,655 1 593,655 0 Vermont 0 0 1 69,000 -69,000 District of Columbia 0 0 0 0 0 Puerto Rico 0 0 0 0 0

Monday, September 22 Issuer St Description Amount

Monday, September 22 Issuer St Description Amount

Week Of September 22 Issuer St Description Amount

Week Of September 22 Issuer St Description Amount

Day Indicator Last Report Forecast Monday Existing Home Sales July: 5.015M Aug.: 5.200M Wednesday New Home Sales July: 412,000 Aug.: 430,000 Tuesday Initial Jobless Claims 9/13: 280,000 9/20: 300,000 Tuesday Continuing Claims 9/6: 2.429M 9/13: 2.450M Tuesday Durable Goods July: +22.6% Aug.: -17.9% Thursday Durable Goods ex-trans July: -0.8% Aug.: +0.6% Friday GDP Q1: -2.1% Q2: +4.6% Friday Final Sales Q1: -1.0% Q2: +3.1% Friday Michigan Sentiment Aug.: 82.5 Sept.: 84.7 Friday Current Conditions Aug.: 99.8 Sept.: 98.0 Friday Expectations Aug.: 71.3 Sept.: 75.0

IOWA

ALABAMA

Volume is expected to edge up for the second week in a row as over $7 billion is predicted to arrive in the primary market, anchored by a pair of billion-dollar deals from New York and California.

Puerto Rico Gov. Alejandro García Padilla appointed Victor Suárez Melendez as his new chief of staff Sept. 19.