News and Information from Bond Buyer

Tuesday, January 7 Issuer St Description Amount

Week Of January 6 Issuer St Description Amount

Monday, January 6 Issuer St Description Amount

Day Indicator Last Report Forecast Monday Factory Orders Oct.: -0.9% Nov.: +1.8% Monday Factory Orders ex Trans Oct.: unch Nov.: n/a Monday ISM Non Mfg Index Nov.: 53.9 Dec.: 54.5 Tuesday International Trade Oct.: -$40.69B Nov.: -$40.0B Wednesday Consumer Credit Oct.: +$18.1B Nov.: 15.00 Thursday Initial Claims 12/28: 339,000 1/4: 335,000 Thursday Cont. Claims 12/21: 2.833M 12/28: 2.830M Friday Nonfarm Payrolls Nov.: +203,000 Dec.: +197,000 Friday Private Payrolls Nov.: +196,000 Dec.: +197,000 Friday Manufacturing Payrolls Nov.: +27,000 Dec.: +15,000 Friday Unemployment Rate Nov.: 7.0% Dec.: 7.0% Friday Avg Hrly Earnings Nov.: +0.2% Dec.: +0.2% Friday Work Week Nov.: 34.5 Dec.: 34.5 Friday Wholesale Inventories Oct.: +1.4% Nov.: +0.4% Friday Wholesale Sales Oct.: +1.0% Nov.: +0.8%

The municipal market will see the first substantial influx of new issue volume this week after a holiday lull that was marked by few new bonds.

Detroit emergency manager Kevyn Orr said he asked the Securities and Exchange Commission to investigate the city's interest-rate swaps amid "serious questions" about the legality of the financings.

Government

Two Alabama lawmakers' plan to co-sponsor bills altering the governance structure of the Birmingham Water Works Board is being opposed by local leaders.

The municipal market projected a stronger bias Friday in the face of light activity and a snowstorm that sidelined participants in the Northeast.

The municipal bond market capped a light year of issuance with a 6% drop in long-term volume in December.

The Federal Reserve will successfully meet the "difficult challenges" it will face in the coming years, Federal Reserve Board Chairman Ben Bernake told the American Economic Association Friday.

Federal Reserve policy makers will continue to weigh reductions to a bond-buying program aimed at stimulating growth because improvements in the job market are meeting the central bank's objectives, Richmond Fed President Jeffrey Lacker said.

A proposal for energy tax reform unveiled by Senate Finance Committee Chairman Max Baucus would not allow new clean renewable energy bonds and qualified energy conservation bonds to be issued after Dec. 31, 2016.

U.S. port infrastructure projects may get some breathing room as another delay looms for Panama Canal expansion.

Federal Reserve Bank of Philadelphia President Charles Plosser, an opponent of bond purchases by the Fed, said the central bank will need sufficient willpower to unwind its $4 trillion balance sheet and curb inflation.

A Florida judge says Jacksonville violated the state's open meeting law when collective bargaining over pensions was done in private.

The Securities Industry and Financial Markets Association is very concerned about the imminent effective date of the new municipal advisor rule.

Few bid requests and trades colored an otherwise listless municipal market Friday morning.

Municipal bond analysts are generally positive about Puerto Rico Gov. Alejandro García Padilla's first year in office, though they voice concern about the economy and access to the bond market.

New York City business activity grew at a slower pace in December, as the current business conditions index fell to 63.8 from 69.5 in November, the Institute for Supply Management-New York's Report on Business index, released Friday, indicated.