News and Information from Bond Buyer

A federal judge upheld a bankruptcy court judgment against Bruce Cole, former head of Mamtek US Inc., finding he fraudulently obtained bond funds to finance a sucralose production plant in Moberly, Missouri.

Kentucky's auditor wants legislators to restructure the Cincinnati/Northern Kentucky International Airport board after uncovering questionable expenses, policies.

Municipal bond broker-dealer groups have spent nearly $5 million trying to influence federal lawmakers in recent months, using in-house lobbyists as well as outside firms and campaign contributions to promote their positions on securities laws, tax reform, and regulation.

New York City's Department of Education failed to recoup a cumulative $356 million in federal Medicaid funds between fiscal 2012 and 2014, said city Comptroller Scott Stringer.

A long-awaited report that recommends West Virginia issue $1.5 billion in bonds to fund transportation projects will be released in September.

While the economy has made "considerable progress" and in the past year the jobless rate has dropped "at a surprisingly rapid pace," the labor market hasn't fully recovered, Federal Reserve Board Chair Janet Yellen said Friday.

Standard & Poor's Ratings Services said it raised its rating to AA from AA-minus on Alexandria, Minn.'s existing general obligation bonds, based on continued strong financial performance, which has boosted reserves, and strong management conditions.

Fitch Ratings shifted its outlook on O'Hare International Airport to stable from negative citing steady air traffic trends and more certainty over American Airlines' future at the airport after the airline's exit from bankruptcy.

The Federal Reserve will probably start raising rates late in the first quarter of next year, Federal Reserve Bank of St. Louis President James Bullard reiterated in a televised interview.

The week's primary market will end just as it began: sleepy and hungry for yield.

The Federal Reserve should increase interest rates "sooner" so hikes can be gradual, rather than wait and need to raise rates quickly, Federal Reserve Bank of Philadelphia President Charles Plosser said Thursday in televised interview.

Indicator Last Report Forecast Actual Initial Jobless Claims 8/9: 312,000 8/16: 300,000 8/16: 298,000 Continuing Claims 8/2: 2.549M 8/9: 2.516M 8/9: 2.500M Leading Indicators June: +0.6% July: +0.6% July: +0.9% Philly Fed Manufacturing July: 23.9 Aug.: 20.0 Aug.: 28.0 Existing Home Sales June: 5.030M July: 5.020M July: 5.015M

Aug. 22, 2014 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aaa/AAA/AAA 0.11 1.11 2.15 3.15 California A1/A/A+ 0.12 1.14 2.35 3.51 Hawaii Aa2/AA/AA+ 0.12 1.19 2.32 3.35 Idaho Aa1/AA+/NR 0.11 1.21 2.34 3.37 Montana Aa1/AA/AA+ 0.11 1.19 2.34 3.37 Nevada Aa2/AA/AA+ 0.16 1.25 2.38 3.43 Oregon Aa1/AA+/AA+ 0.11 1.12 2.24 3.25 Washington Aa1/AA+/AA+ 0.12 1.19 2.35 3.38 Wyoming NR/AAA/NR 0.11 1.19 2.24 3.25

8/21/2014 8/14/2014 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 1 30,585 0 0 30,585 California 9 664,075 11 452,210 211,865 Hawaii 0 0 0 0 0 Idaho 1 3,845 1 3,845 0 Montana 0 0 0 0 0 Nevada 0 0 1 7,000 -7,000 Oregon 0 0 2 5,295 -5,295 Washington 1 100,000 1 21,300 78,700 Wyoming 0 0 0 0 0

Tuesday, August 26 Issuer St Description Amount

Monday, August 25 Issuer St Description Amount

Week Of August 25 Issuer St Description Amount

Friday, August 22 Issuer St Description Amount

CONNECTICUT

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