News and Information from Bond Buyer

Indicator Last Report Forecast Actual CPI Jan.: +0.6% Feb.: unch Feb.: +0.1% CPI Core Jan.: +0.3% Feb.: +0.2% Feb.: +0.2% Empire State Manufacturing Feb.: 18.7 March: 15.0 March: 16.4 Retail Sales Jan.: +0.6% Feb.: +0.1% Feb.: +0.1% ex-Autos Jan.: +1.2% Feb.: +0.2% Feb.: +0.2% Business Inventories Dec.: +0.4% Jan.: +0.3% Jan.: +0.3% NAHB Housing Index Feb.: 65 March: 65 March: 71

Builders' confidence in the market for new single-family homes jumped as the National Association of Home Builders' housing market index grew to 71 in March from 65 in February.

With the Federal Open Market Committee set to complete its meeting on Wednesday and announce a decision on interest rates, municipal market participants are waiting for official announcement, although most believe they will increase the fed funds rate target by 25 basis points.

The Treasury Department announced Wednesday it will not need to issue same-day cash management bills.

The Empire State Manufacturing Survey showed "business activity continued to grow at a solid clip in New York State," the Federal Reserve Bank of New York reported Wednesday, as the general business conditions index decreased to 16.4 in March from 18.7 in February.

Mar. 15, 2017 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa2/BBB/BBB 2.05 3.76 4.64 5.21 Indiana Aaa/AAA/AA+ 0.8 1.73 2.61 3.37 Iowa Aaa/AAA/AAA 0.8 1.72 2.59 3.35 Michigan Aa1/AA-/AA 0.85 1.8 2.71 3.49 Minnesota Aa1/AA+/AAA 0.81 1.7 2.53 3.26 Missouri Aaa/AAA/AAA 0.8 1.67 2.5 3.26 Nebraska NR/AAA/NR 0.8 1.75 2.66 3.45 North Dakota Aa1/AA+/NR 0.83 1.78 2.69 3.45 Ohio Aa1/AA+/AA+ 0.82 1.76 2.64 3.43 South Dakota Aaa/AA+/AAA 0.82 1.75 2.69 3.47 Wisconsin Aa2/AA/AA 0.82 1.75 2.65 3.42

3/14/2017 3/7/2017 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 5 $23,605 6 $63,385 -$39,780 Indiana 8 127,050 7 119,210 7,840 Iowa 6 101,780 6 24,295 77,485 Michigan 8 68,945 14 64,360 4,585 Minnesota 25 193,808 21 148,175 45,633 Missouri 4 36,750 9 247,860 -211,110 Nebraska 1 4,695 2 23,380 -18,685 North Dakota 0 0 0 0 0 Ohio 10 981,424 7 773,605 207,819 South Dakota 1 3,965 1 3,965 0 Wisconsin 29 209,855 31 660,400 -450,545

Wednesday, March 15 Issuer St Description Amount

Wednesday, March 15 Issuer St Description Amount

Week Of March 13 Issuer St Description Amount

Week Of March 13 Issuer St Description Amount

ARKANSAS

GEORGIA

The Puerto Rico Oversight Board’s plan to have enough money to pay 26% of debt due in the next nine years is a “first salvo” whose debt payment terms can be negotiated, experts say.

Government

Top-shelf municipal bonds closed weaker on Tuesday as yields were as many as three basis points higher on some maturities on the front end of the curve, according to traders, as a flurry of deals priced in the primary market.

New Jersey Gov. Chris Christie signed legislation Monday that invests $34 million from a state bond program for facility enhancements at colleges and universities.

North Carolina Gov. Roy Cooper began his first State of the State address urging lawmakers to fully repeal a state law passed in 2016 that is seen as discriminatory toward gay and transgender people.

New York City's Department of Housing Preservation and Development issued a RFQ that seeks organizations to rehabilitate and manage occupied or vacant buildings.

Parity for New York State transportation investments is a misnomer, according to a report by budget watchdog Citizens Budget Commission.