News and Information from Bond Buyer

The tax-exempt market traded with yields about flat to Thursday as dealers unloaded to customers in the secondary market bonds left over from new issues priced earlier in the week.

All agree that Puerto Rico's electrical system must change but disagree on what form the change should take.

New York City closed its $2 billion budget gap, Mayor Michael Bloomberg said Thursday afternoon in releasing the last quarterly budget of his 12 years in office, Paul Burton of The Bond Buyer writes. Mayor-elect Bill de Blasio will take office on Jan. 1. According to Bloomberg, it marks the first time in “documented city history” that an incoming administration will inherit a balanced budget.

Manufacturing activity in the Federal Reserve Bank of Kansas City's region "continued to grow, and producers' expectations for future activity improved moderately," according to the bank's monthly manufacturing survey, released Friday.

Local health departments are having problems in getting and keeping skilled workers as they face increasing demands for services combined with decreasing financial resources, according to a new report from the Center for Excellence and University of Illinois at Chicago.

More than a year after emerging from bankruptcy, Gerald Champion Regional Medical Center has a negative outlook on its B-plus speculative-grade rating from Standard & Poor's.

The pension costs burden for America’s largest cities is less than the perception presented in media reports, a new research report indicates.The study released this month by the Center for Retirement Research at Boston College shows the overall pension expenses borne by residents in U.S. cities to be 7.9% of revenue. Of the 173 cities examined, the Center for Retirement Research findings show taxpayer average pension costs range from 2.7% on low end to 12.3 percent for the nation’s most expensive cities.

The Federal Open Market Committee was correct to delay the beginning of tapering considering the risks posed by the government shutdown and the default threat, and the question of when to begin to pare back purchases may be a top topic at the Fed into the spring, Atlanta Federal Reserve Bank President Dennis Lockhart told CNBC Friday morning.

As regulators around the world look to prevent the next financial crisis, Kansas City Federal Reserve Bank President Esther George Friday said they should strengthen macroprudential oversight, while increasing simplicity and cooperation.

The crash-plagued debut of the Obamacare website is leading cities and towns to pull back on plans to curb billions of health-care costs by sending retired workers to the federal insurance marketplace, Bloomberg news reports. Detroit postponed the shift of 8,000 retirees under the age of 65 in early November, a month after the healthcare.gov website opened to outages. The site’s inability to cope with visitors added to union hurdles in places including Providence, Rhode Island. Other Rhode island cities are balking as the state studies the benefits of sending former workers to the exchange.

Pennsylvania Gov. Tom Corbett still has unfinished financial business, but was able to bask in a rare win - passage of a $2.4 billion transportation bill.

Indicator Last Report Forecast Actual Initial Claims Nov. 9: 344,000 Nov. 16: 335,000 Nov. 16: 323,000 Continuing Claims Nov. 2: 2.810M Nov. 9: 2.860M Nov. 9: 2.876M PPI Sept.: -0.1% Oct.: -0.2% Oct.: -0.2% PPI Core Sept.: +0.1% Oct.: +0.1% Oct.: +0.2% Philly Fed Mfg Survey Oct.: 19.8 Nov.: 15.5 Nov.: 6.5

Nov. 22, 2013 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aaa/AAA/AAA 0.17 1.16 2.64 4.16 California A1/A/A+ 0.19 1.35 3.15 4.76 Hawaii Aa2/AA/AA+ 0.17 1.26 2.82 4.34 Idaho Aa1/AA+/NR 0.19 1.28 2.86 4.39 Montana Aa1/AA/AA+ 0.19 1.29 2.84 4.35 Nevada Aa2/AA/AA+ 0.22 1.35 2.96 4.51 Oregon Aa1/AA+/AA+ 0.17 1.21 2.75 4.25 Washington Aa1/AA+/AA+ 0.2 1.27 2.86 4.38 Wyoming NR/AAA/NR 0.17 1.23 2.72 4.22

11/21/2013 11/14/2013 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 1 $96,005 0 $0 $96,005 California 15 682,435 15 1,236,085 -553,650 Hawaii 0 0 0 0 0 Idaho 1 3,845 1 3,845 0 Montana 0 0 1 26,000 -26,000 Nevada 1 75,000 0 0 75,000 Oregon 0 0 0 0 0 Washington 5 198,150 0 0 198,150 Wyoming 0 0 0 0 0

Monday, November 25 Issuer St Description Amount

Monday, November 25 Issuer St Description Amount

Friday, November 22 Issuer St Description Amount

CALIFORNIA

CALIFORNIA