State of Wisconsin

The transportation package limits bonding to $400 million.

They are also trying to hash out a final state budget deal.

Refunding deals were down substantially and new money volume also slipped.

New money and refunding GO deals are in the cards.

Wisconsin's Foxconn incentives package paves way for $252 million in highway borrowing and local government financing help.

Municipal bond volume ended the month of July down 20% as refundings plummeted.

Wisconsin Senate leaders remain at odds with Assembly leaders over transportation capital funding.

Bank of America Merrill Lynch used a big second quarter to overtake Citi at the top of the municipal league tables, while Morgan Stanley, RBC Capital Markets and Goldman Sachs moved up in the first half rankings.

Illinois isn't the only Midwest state struggling with budget issues.

Municipal bonds were unchanged in early activity ahead of next week’s above-average new issue calendar. Ipreo estimates volume for next week at $11.78 billion, up from a revised total of $3.47 billion sold this week, according to updated data from Thomson Reuters.