News and Information from Bond Buyer

Day Indicator Last Report Forecast Tuesday International Trade Nov.: -$45.2B Dec.: -$45.0B Tuesday Consumer Credit Nov.: +24.5B Dec.: +$20.0B Thursday Initial Claims 1/28: 246,000 2/4: 250,000 Thursday Continuing Claims 1/21: 2.064M 1/28: 2.050M Thursday Wholesale Inventories Nov.: +1.0% Dec.: +1.0% Thursday Wholesale Sales Nov.: +0.4% Dec.: +0.5% Friday Import Prices Dec.: +0.4% Jan.: +0.2% Friday Export Prices Dec.: +0.3% Jan.: unch Friday Michigan Sentiment Jan.: 98.5 Feb.: 97.8 Friday Current Conditions Jan.: 111.3 Feb.: 110.7 Friday Expectations Jan.: 90.3 Feb.: 89.0 Friday Budget Statement Dec.: -$27.5B Jan.: +$40.0B

Government

President Trump’s executive order to scale back the Dodd-Frank Act opens the door for regulatory reform that could touch on municipal securities, although any substantive changes to the act would have to be left to Congress.

Indiana moved a step closer to taking over the distressed Gary Community School Corp. with the unanimous committee passage of legislation that would pave the way for state oversight and appointment of an emergency manager.

Bonds used to finance Houston’s sports facilities will get a lift from the Super Bowl, which Moody’s Investors Service expects to bring an additional $1 million in hotel occupancy tax revenue that supports the debt.

Top-rated municipal bonds ended unchanged on Friday, traders said, as the market looked ahead to the upcoming week’s new issue slate. Ipreo estimates total volume for the week at $7.49 billion, consisting of $6.13 billion of negotiated deals and $1.36 billion of competitive sales.

Sen. Deb Fischer, R-Neb., introduces bill to obtain revenues for the Highway Trust Fund and New Democrat Coalition forms infrastructure task force.

Illinois lawmakers will return to work after another rating downgrade, with warnings of more to come as the state enters its 19th month without a full budget.

Illinois Gov. Bruce Rauner named former state Comptroller Leslie Geissler Munger to the post of deputy governor.

Siebert Cisneros Shank & Co. officially held a ribbon-cutting ceremony on Friday to open its expanded offices at 100 Wall Street in New York.

The state takeover of Atlantic City finances will be tested in court after a New Jersey judge temporarily blocked the state’s effort to cut 100 Atlantic City firefighter jobs.

Lakeland Regional Health and Orlando Health disclosed to bondholders on EMMA that they have signed a letter of intent to create an integrated regional health care system.

Tennessee House GOP leaders are at odds with Republican Gov. Bill Haslam over road funding proposals.

Richard G. Ketchum, former chairman and chief executive officer of the Financial Industry Regulatory Authority, has been elected to the Board of Directors of MarketAxess Holdings Inc., effective April 1, 2017.

The Internal Revenue Service has determined that District of Columbia’s PILOT revenue bonds are taxable.

The Trustees of California State University will price $1.2 billion in revenue bonds next week for projects as it the system grapples with 23% enrollment growth over the past four years.

Government

Top rated municipal bonds were stronger at mid-session, traders said, as the market looked ahead to next week’s $7.5 billion new issue slate.

Rhode Island’s pension fund earned more than $530 million in investment gains in 2016, the most in three years, said Treasurer Seth Magaziner.

Rhode Island’s government has developed programs to revive its manufacturing industries with an eye toward improving the state’s economy.