News and Information from Bond Buyer

The Internal Revenue Service thinks that interest on $720 million of bonds issued by the New Hampshire Health and Education Facilities Authority from 1998 to 2011 should not be tax-exempt.

As Illinois girds for the promised legal challenge to its newly minted pension overhaul, backers say the restructuring can pass constitutional muster because of what it offers public sector workers in exchange for benefit cuts, Yvette Shields of The Bond Buyer reports.

The high rates of unemployment and poverty in America were the main causes of hunger and homelessness in cities across the country, according to a new survey by the U.S. Conference of Mayors.

After two days of firming municipal yields and falling treasuries, investors Wednesday began seeing the biggest wave of a heavy slate of new issue volume this week.

Today, MFT spotlights Tim McClure, assistant chief investment officer and director of cash management for the Tennessee Treasury Department. Tim began his career with the Tennessee Treasury Department in 1987 as an Internal Auditor. He also worked in the Investments Accounting division for several years and gained a knowledge and appreciation for public finance.

The high rate of unemployment and poverty were the main causes of hunger and homelessness in cities across the America, according to a survey by the U.S. Conference of Mayors.

Indicator Last Report Forecast Actual Wholesale Inventories Sept.: +0.4% Oct.: +0.4% Oct.: +1.4% Wholesale Sales Sept.: +0.6% Oct.: +0.4% Oct.: +1.0%

Dec. 11, 2013 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 0.67 2.45 4.34 5.43 Indiana Aaa/AAA/AA+ 0.2 1.34 2.94 4.37 Iowa Aaa/AAA/AAA 0.17 1.27 2.88 4.31 Michigan Aa2/AA/AA 0.24 1.43 3.14 4.57 Minnesota Aa1/AA+/AA+ 0.17 1.24 2.83 4.25 Missouri Aaa/AAA/AAA 0.17 1.21 2.77 4.2 Nebraska NR/AAA/AA+ 0.19 1.33 2.97 4.39 North Dakota Aa1/AA+/NR 0.19 1.3 2.91 4.36 Ohio Aa1/AA+/AA+ 0.19 1.3 3 4.43 South Dakota NR/AA+/NR 0.2 1.37 3.02 4.46 Wisconsin Aa2/AA/AA 0.19 1.31 3 4.45

12/10/2013 12/3/2013 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 20 $507,641 16 $155,552 $352,089 Indiana 9 87,020 20 181,225 -94,205 Iowa 1 71,795 7 144,605 -72,810 Michigan 6 95,555 6 128,325 -32,770 Minnesota 14 52,970 23 74,165 -21,195 Missouri 0 0 6 232,115 -232,115 Nebraska 0 0 1 28,500 -28,500 North Dakota 0 0 2 13,180 -13,180 Ohio 8 50,445 8 173,565 -123,120 South Dakota 0 0 1 39,340 -39,340 Wisconsin 13 95,410 21 126,865 -31,455

Wednesday, December 11 Issuer St Description Amount

Wednesday, December 11 Issuer St Description Amount

Week Of December 9 Issuer St Description Amount

Week Of December 9 Issuer St Description Amount

ARKANSAS

GEORGIA

The leaders of the House and Senate Budget Committees announced Tuesday evening they have reached a two-year budget agreement, a step toward avoiding another federal government shutdown in January.

Hawaii State Rep. Denny Coffman announced on Dec. 9 that he will resign later this month to care for his sick daughter.

New York City upsized its general obligation bond sale by $100 million to $800 million, with a spokesman for city Comptroller John Liu citing investor demand.

Regional Transportation Authority of Illinois head Joseph Costello will retire from the agency where he has worked for the last two decades first as fiscal chief and then as executive director.

John Perez, Speaker of the California Assembly, and a candidate for State Controller, has received the endorsement of State Treasurer Bill Lockyer.