News and Information from Bond Buyer

The Municipal Securities Rulemaking Board, the primary regulator of the $3.7 trillion municipal market, plans to move back to Washington, D.C. after spending more than 15 years in Alexandria, Va.

The Queens Library board agreed to cooperate with New York City Comptroller Scott Stringer's audit and placed embattled CEO Thomas Galante on leave.

Business inventories rose 0.4% to $1.750 trillion in July, while sales increased 0.8% to $1.360 trillion, the Commerce Department reported Friday.

The University of Michigan's preliminary September consumer sentiment index reading was 84.6, compared to the final August 82.5 and the preliminary August 79.2, according to market sources.

The secondary market saw early morning activity on Friday, picking up trades on a Colorado school district bond and the New York City Transitional Finance Authority. Meanwhile, Treasuries weakened in the intermediate to long end of the curve.

Sep. 12, 2014 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aaa/AAA/AAA 0.13 1.15 2.24 3.17 California A1/A/A+ 0.15 1.19 2.44 3.52 Hawaii Aa2/AA/AA+ 0.14 1.23 2.4 3.37 Idaho Aa1/AA+/NR 0.13 1.25 2.43 3.39 Montana Aa1/AA/AA+ 0.13 1.23 2.43 3.39 Nevada Aa2/AA/AA+ 0.16 1.25 2.43 3.42 Oregon Aa1/AA+/AA+ 0.13 1.16 2.32 3.26 Washington Aa1/AA+/AA+ 0.14 1.23 2.41 3.39 Wyoming NR/AAA/NR 0.13 1.23 2.33 3.27

9/11/2014 9/4/2014 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 1 $78,420 -$78,420 California 10 391,040 12 666,245 -275,205 Hawaii 0 0 0 0 0 Idaho 1 3,845 2 6,110 -2,265 Montana 0 0 0 0 0 Nevada 0 0 0 0 0 Oregon 1 26,665 2 175,185 -148,520 Washington 4 692,770 7 736,208 -43,438 Wyoming 0 0 0 0 0

Indicator Last Report Forecast Actual Initial Jobless Claims 8/30: 304,000 9/6: 300,000 9/6: 315,000 Continuing Claims 8/23: 2.478M 8/30: 2.470M 8/30: 2.487M Treasury Budget July: -$94.6B Aug.: -$130.0B Aug.: -$128.7B

Friday, September 12 Issuer St Description Amount

Monday, September 15 Issuer St Description Amount

Friday, September 12 Issuer St Description Amount

IOWA

CALIFORNIA

Inflow to municipal bond funds increased even though municipal bonds sold off most of the week.

Some municipal bond traders were disappointed Thursday as a Minneapolis-St. Paul airport deal repriced to even tighter yields.

Government

The N.C. Eastern Municipal Power signed the deal to sell its assets to Duke, which requires taking out $1.87 billion in outstanding debt. Regulatory approvals lie ahead.

San Antonio Water System's board will consider a private provider's $3 billion water pipeline proposal after negotiations on the deal were completed.

Standard & Poor's Ratings Services said it has lowered its rating on bonds secured by New Jersey's Qualified Bond Act program to A-minus from A and removed them from CreditWatch where they had been placed with negative implications on June 3.

Proposed legislation in the House would cut Amtrak's funding by 40% and redirect passenger-line profits to Northeast capital projects.