News and Information from Bond Buyer

The U.S. Q3 productivity revisions were about as expected, with few implications for the economic outlook.

The Empire State Manufacturing Survey showed "conditions were flat for New York manufacturers," the Federal Reserve Bank of New York reported Monday as the general business conditions index fell to positive 0.98 in December from negative 2.21 in November.

A $650 million project featuring a new hockey arena and entertainment district in downtown Detroit stepped closer to reality Friday, and officials announced that it includes the demolition of the storied Joe Louis Arena.

Monday, December 16 Issuer St Description Amount

Monday, December 16 Issuer St Description Amount

Week Of December 16 Issuer St Description Amount

Week Of December 16 Issuer St Description Amount

Dec. 16, 2013 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.19 1.33 3.06 4.51 Delaware Aaa/AAA/AAA 0.15 1.18 2.72 4.16 Maine Aa2/AA/AA 0.19 1.25 2.86 4.28 Maryland Aaa/AAA/AAA 0.17 1.18 2.72 4.16 Massachusetts Aa1/AA+/AA+ 0.19 1.26 2.91 4.39 New Hampshire Aa1/AA/AA+ 0.19 1.27 2.86 4.31 New Jersey Aa3/AA+/AA+ 0.24 1.34 3.01 4.48 New York Aa2/AA/AA 0.21 1.24 2.82 4.32 Pennsylvania Aa2/AA/AA 0.17 1.29 2.99 4.42 Rhode Island Aa2/AA/AA 0.25 1.46 3.17 4.66 Vermont Aaa/AA+/AAA 0.17 1.23 2.78 4.21 Dist. of Columbia Aa2/A+/AA+ 0.22 1.39 3.09 4.64 Puerto Rico Baa3/BBB+/BBB+ 7.17 9.08 9.82 8.01

12/13/2013 12/6/2013 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 0 $0 1 $10,690 -$10,690 Delaware 0 0 0 0 0 Maine 0 0 0 0 0 Maryland 0 0 0 0 0 Massachusetts 4 688,800 6 775,956 -87,156 New Hampshire 0 0 1 3,048 -3,048 New Jersey 1 9,814 6 145,733 -135,919 New York 6 259,578 18 5,159,703 -4,900,125 Pennsylvania 11 438,220 14 476,415 -38,195 Rhode Island 2 43,875 1 9,365 34,510 Vermont 0 0 5 64,260 -64,260 District of Columbia 0 0 0 0 0 Puerto Rico 0 0 0 0 0

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ARIZONA

Day Indicator Last Report Forecast Monday Productivity Q3: +1.9% Q3: +2.8% Monday Unit Labor Costs Q3: -0.6% Q3: -1.3% Monday Empire State Mfg Nov.: -2.21 Dec.: 4.80 Monday Industrial Production Oct.: -0.1% Nov.: +0.5% Monday Capacity Utilization Oct.: 78.1% Nov.: 78.4% Monday Manufacturing Output Oct.: +0.3% Nov.: 0.4% Tuesday CPI Oct.: -0.1% Nov.: +0.1% Tuesday CPI Core Oct.: +0.1% Nov.: +0.1% Tuesday Current Account Q3: -$98.9B Q3: -$100.3B Tuesday NAHB Housing Mkt Index Nov.: 54 Dec.: 55 Wednesday Housing Starts Oct.: 915,000 Nov.: 950,000 Wednesday Building Permits Oct.: 1,034 Nov.: 990 Thursday Initial Claims 12/7: 368,000 12/14: 334,000 Thursday Continuing Claims 11/30: 2.791M 12/7: 2.780M Thursday Existing Home Sales Oct.: 5,120 Nov.: 5,030 Thursday Leading Indicators Oct.: +0.2% Nov.: +0.7% Thursday Philly Fed Mfg Survey Nov.: 6.5 Dec.: 10.0 Friday GDP Q3: +3.6% Q3: +3.6% Friday Core PCE Q3: +1.5% Q3: 1.5% Friday Final Sales Q3: +1.9% Q3: 1.9% Friday Kansas City Fed Mfg Nov.: 7 Dec.: n/a

The National Association of Counties (NACo) is scheduled to release in January its first annual economic data tracker, which will summarize how the nation’s 3,069 counties performed in 2013 and are recovering from the 2008 recession. Counties will be measured in the report by gross domestic product growth, unemployment rates, home prices and jobs. The study was conducted by NACO Director of Research Emilia Istrate utilizing data from Moody’s Analytics.

Volume is expected to trail off to less than $3 billion this week in what will be the last five full trading sessions of 2013 in which a pair of Northeast deals will lead an otherwise skimpy slate of new issuance in the primary market ahead of a holiday hiatus next week.

The California Public Employees' Retirement System held a conference call with media to emphasized its belief that a Detroit bankruptcy ruling that pensions are not in a special class above other creditors does not apply to California.

Two statistical measures of Puerto Rico manufacturing show improvements in recent months.

Government

An unexpected amount of requests for bids filled traders screens Friday on a day where the municipal market strengthened in spots beyond the front end of the yield curve.

Moody's Investors Service has downgraded UMass Memorial Health Care's rating to Baa3 from Baa1

A Mississippi Senate highway committee is considering a half-cent sales tax hike to increase revenues for road and bridge maintenance in the state.