News and Information from Bond Buyer

The Treasury Department said Thursday it will auction $26 billion 91-day bills and $23 billion 182-day discount bills Monday.

On a day when the banking agencies finalized the new liquidity measure for large institutions, they also issued rules dealing with swaps margin requirements and how institutions calculate their overall leverage exposure.

The U.S. services sector expanded at a faster pace in August as the non-manufacturing business activity composite index was 59.6 in the month, compared to 58.7 in July, on a seasonally adjusted basis, the Institute for Supply Management reported Thursday.

Karol Denniston, an attorney known for her municipal restructuring work, has left Schiff Hardin to work in Squire Patton Boggs' San Francisco office.

Private sector employment grew by 204,000 jobs in August, according to the ADP National Employment Report, released Thursday.

Investors are conflicted over the impact Friday's employment situation report will have on the municipal bond market.

The European Central Bank announced its Governing Council cut interest rates 10 basis points on its main refinancing rate at its latest monetary policy meeting Thursday.

Under questioning from the federal judge overseeing Detroit's bankruptcy, bond insurer Syncora Guarantee Inc. said it would settle a year-long battle with the city for 75 cents on the dollar.

Sep. 4, 2014 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.12 1.1 2.18 3.17 Florida Aa1/AAA/AAA 0.12 1.15 2.21 3.23 Georgia Aaa/AAA/AAA 0.12 1.1 2.09 3.04 Kentucky Aa2/AA+/AA 0.14 1.2 2.3 3.28 Louisiana Aa2/AA/AA 0.13 1.18 2.26 3.22 Mississippi Aa2/AA/AA+ 0.14 1.19 2.28 3.24 North Carolina Aaa/AAA/AAA 0.12 1.1 2.09 3.04 South Carolina Aaa/AA+/AAA 0.12 1.11 2.13 3.08 Tennessee Aaa/AA+/AAA 0.12 1.11 2.13 3.07 Virginia Aaa/AAA/AAA 0.12 1.09 2.08 3.03 West Virginia Aa1/AA/AA 0.13 1.19 2.28 3.26

9/3/2014 8/27/2014 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 0 $0 0 $0 $0 Florida 4 545,140 6 563,375 -18,235 Georgia 0 0 2 24,260 -24,260 Kentucky 1 1,745 3 19,965 -18,220 Louisiana 0 0 1 118,875 -118,875 Mississippi 0 0 1 3,000 -3,000 North Carolina 0 0 0 0 0 South Carolina 0 0 1 21,500 -21,500 Tennessee 0 0 1 27,400 -27,400 Virginia 0 0 3 467,770 -467,770 West Virginia 1 18,000 1 18,000 0

Indicator Last Report Forecast Actual Factory Orders June: +1.5% July: +11.0% July: +10.5%

Thursday, September 4 Issuer St Description Amount

Thursday, September 4 Issuer St Description Amount

Week Of September 2 Issuer St Description Amount

ARKANSAS

INDIANA

Government

New Jersey called Tuesday for the dismissal of public worker unions' legal case that argues that Gov. Chris Christie is underfunding the pension plans.

California Gov. Jerry Brown sent a request to the White House this week requesting federal funds to help communities recover from the recent earthquake that struck the Napa Valley region.

The municipal bond market’s sell-off on Wednesday forced the $99.68 million La Porte Independent School District deal to come to market with its bonds on the long end featuring 4% coupons.