News and Information from Bond Buyer

The Treasury Department said Monday it will sell $35 billion of four-week discount bills Tuesday.

University of Pennsylvania economist Kevin Gillen is the keynote speaker at the Sept. 26 meeting of the Philadelphia Area Municipal Analyst Society.

Amid concerns about a long-term drought, the Texas Water Development Board authorized $250 million of bonds for a proposed Lower Colorado River Authority's reservoir.

Given the sheer size of its infrastructure and growing urban population, the U.S. has the potential of becoming the largest market for public-private partnerships (P3s) in the world, says Moody's Investors Service.

The Conference Board's Employment Trends Index (ETI) gained to 121.29 in August from an upwardly revised 120.62 in July, and is up 6.4% from a year ago, the group announced Monday.

San Antonio voters will get to decide the future of light rail next May in a charter election approved by the City Council.

Kansas revenues were 1% or $4 million below projections in August, though higher than the same month last year, officials said.

Denver's highly-regarded National Jewish Health system has lost its Standard & Poor's investment-grade rating, falling to BB-plus from BBB-minus.

Texas A&M University regents have approved $115 million of bond funding for renovation of nine dormitories serving the military Corps of Cadets.

The Municipal Advisory Council of Texas is allowing issuers to post their IRMA representations on its website to help obtain information from financial services firms without violating Securities and Exchange Commission's municipal advisor rule.

The underfunding of public pensions by Chicago and Illinois puts much bigger burdens on their balance sheets than what national counterparts face, Moody's Investors Service says.

Sep. 8, 2014 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.15 1.27 2.45 3.4 Delaware Aaa/AAA/AAA 0.11 1.11 2.15 3.11 Maine Aa2/AA/AA 0.13 1.14 2.21 3.22 Maryland Aaa/AAA/AAA 0.12 1.12 2.17 3.12 Massachusetts Aa1/AA+/AA+ 0.13 1.15 2.27 3.3 New Hampshire Aa1/AA/AA+ 0.12 1.17 2.26 3.22 New Jersey Aa3/AA+/AA+ 0.22 1.45 2.56 3.54 New York Aa2/AA/AA 0.12 1.14 2.23 3.28 Pennsylvania Aa2/AA/AA 0.14 1.29 2.44 3.39 Rhode Island Aa2/AA/AA 0.16 1.32 2.48 3.48 Vermont Aaa/AA+/AAA 0.12 1.17 2.22 3.17 Dist. of Columbia Aa2/A+/AA+ 0.14 1.23 2.38 3.38 Puerto Rico Baa3/BB+/BBB- 7.97 9.02 8.36 7.32

9/5/2014 8/29/2014 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 0 $0 1 $12,000 -$12,000 Delaware 0 0 0 0 0 Maine 0 0 0 0 0 Maryland 4 160,465 3 121,465 39,000 Massachusetts 5 110,317 3 68,506 41,811 New Hampshire 0 0 0 0 0 New Jersey 7 107,015 1 27,500 79,515 New York 14 182,798 26 347,602 -164,804 Pennsylvania 4 297,800 2 15,535 282,265 Rhode Island 1 593,655 1 593,655 0 Vermont 0 0 0 0 0 District of Columbia 0 0 0 0 0 Puerto Rico 0 0 0 0 0

Monday, September 8 Issuer St Description Amount

Monday, September 8 Issuer St Description Amount

Week Of September 8 Issuer St Description Amount

Day Indicator Last Report Forecast Monday Consumer Credit June: +17.20B July: +$17.35B Wednesday Wholesale Inventories June: +0.3% July: +0.5% Wednesday Wholesale Sales June: +0.2% July: +0.3% Thursday Initial Jobless Claims 8/30: 302,000 9/6: 300,000 Thursday Continuing Claims 8/23: 2.464M 8/30: 2.470M Thursday Treasury Budget July: -$94.6B Aug.: -$130.0B Friday Import Prices July: -0.2% Aug.: -0.9% Friday Retail Sales July: unch Aug.: +0.6% Friday ex-Autos July: +0.1% Aug.: +0.3% Friday Michigan Sentiment Aug.: 82.5 Sept.: 83.2 Friday Current Conditions Aug.: 99.8 Sept.: n/a Friday Expectations Aug.: 71.3 Sept.: n/a Friday Business Inventories June: +0.4% July: +0.4%

CALIFORNIA

An uptick in negotiated offerings will do little to alleviate the drought in the long-term primary arena this week, as just over $3 billion is expected to arrive. Most attention will focus on a single $2.8 billion financing in the short-term market.

Government