News and Information from Bond Buyer

Week Of August 11 Issuer St Description Amount

Week Of August 11 Issuer St Description Amount

ALABAMA

New York City's economy grew more than 3% in the second quarter because of job growth and higher personal income, said city Comptroller Scott Stringer.

Traders thought the New York City deal was all too predictable, assuming heavy retail and muted institutional interest in the headline deal that concluded its pricing on Wednesday.

Government

The largest teachers' union in Kansas is seeking to overturn provisions in the state appropriations law that strips tenured teachers of their rights to appeal firings.

Changes to California's school pension contribution laws will create budgetary challenges for the state's school districts after 2017, according to Moody's Investors Service.

The Municipal Securities Rulemaking Board is asking for comment on proposed changes to its G-14 trade reporting rule, including whether to require dealers to identify conditional trade commitments, which differ from newly issued bonds but are reported at the same time.

Louisville Water Co. got 11 bids for $63.2 million in advance refunding bonds that resulted in more savings than anticipated, officials said.

Texas' largest county issued $196 million of road bonds with top ratings drawing strong demand from institutional investors.

Hospitals in the 24 states that have opted against expanding Medicaid under federal healthcare reform stand to lose out on $168 billion over 10 years while states will lose out on more than $400 billion, a new report from the Urban Institute concludes.

Congress delayed, but did not fix, a $100 billion hole in federal transportation spending with the enactment last Friday of legislation providing $10.8 billion to extend solvency of the rapidly shrinking Highway Trust Fund by 10 months.

The fate of a California state school facilities bond measure proposal, originally priced at $9 billion, could be decided during a Senate Appropriation Committee hearing on Thursday.

Wednesday morning's market was mixed as traders waited for institutional pricing of New York City's general obligation deal to come from Bank of America.

Connecticut's two largest pension funds each posted net investment returns of nearly 16% for the fiscal year ended June 30, state Treasurer Denise Nappier said.

The 114-mile stretch of California's high speed rail project from Fresno to Bakersfield received approval from a federal railway oversight board on Tuesday.

The Treasury Department auctioned $24 billion of 10-year notes with a 2 3/8% coupon at a 2.439% high yield, a price of 99.435107.

Tom Foley won the Republican primary for Connecticut governor, setting up a rematch with incumbent Democrat Dannel Malloy.

Southeast municipal bond issuers sold $21.78 billion of debt in the first six months of the year, a 31.4% decline driven by fewer taxable and refunding deals.