News and Information from Bond Buyer

Committee Republicans, lacking Democrats, waive their quorum rule and vote to recommend the Senate confirm Steven Mnuchin as Treasury Secretary.

The Delaware River Joint Toll Bridge Commission has approved a $475 million bond issuance for a planned replacement of the 57-year old Scudder Falls Bridge that links New Jersey and Pennsylvania.

Indicator Last Report Forecast Actual ADP Employment Dec.: +151,000 Jan.: +165,000 Jan.: +246,000 Construction Spending Nov.: +0.9% Dec.: +0.3% Dec.: -0.2% ISM Manufacturing PMI Dec.: 54.5 Jan.: 55.0 Jan.: 56.0

New York Mayor Bill de Blasio and Patrolmen's Benevolent Association president Patrick Lynch announced a tentative contract agreement.

Factually flawed methodology utilized by the Joint Committee on Taxation poses a key challenge as the municipal market seeks to maintain full access to the tax exemption.

Municipal bond traders will be watching the primary on Wednesday as they prepare for a little more supply to head their way as the Federal Reserve gets set to announce its decision on interest rates this afternoon.

About 4,850,500 online job postings appeared on leading internet job boards in January, an increase of 49,000 from December, the Conference Board reported Wednesday.

The overall economy grew for the ninety-second straight time, while the manufacturing sector expanded for the fifth consecutive month, the Institute for Supply Management reported Wednesday.

The Treasury Department will raise $17 billion new cash with it quarterly refunding by selling $15 billion 30-year bonds on Feb. 9, $23 billion 10-year notes on Feb. 8 and $24 billion three-year notes on Feb. 7.

Private-sector employment increased by 246,000 in January, on a seasonally adjusted basis, ADP estimated Wednesday.

Feb. 1, 2017 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa2/BBB/BBB+ 2.25 3.91 4.58 5.14 Indiana Aaa/AAA/AA+ 0.9 1.72 2.45 3.2 Iowa Aaa/AAA/AAA 0.9 1.71 2.43 3.18 Michigan Aa1/AA-/AA 0.95 1.8 2.55 3.32 Minnesota Aa1/AA+/AAA 0.91 1.68 2.37 3.09 Missouri Aaa/AAA/AAA 0.9 1.66 2.34 3.09 Nebraska NR/AAA/NR 0.9 1.74 2.5 3.28 North Dakota Aa1/AA+/NR 0.93 1.77 2.53 3.28 Ohio Aa1/AA+/AA+ 0.92 1.74 2.48 3.25 South Dakota NR/AA+/AAA 0.92 1.74 2.53 3.3 Wisconsin Aa2/AA/AA 0.92 1.73 2.5 3.26

1/31/2017 1/24/2017 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 8 $102,095 14 $296,908 -$194,813 Indiana 6 52,685 8 152,260 -99,575 Iowa 6 106,270 0 0 106,270 Michigan 14 254,545 17 221,265 33,280 Minnesota 15 155,225 12 103,435 51,790 Missouri 2 13,060 1 5,060 8,000 Nebraska 1 4,695 1 4,695 0 North Dakota 1 2,550 3 20,500 -17,950 Ohio 3 192,425 3 118,990 73,435 South Dakota 1 3,965 1 3,965 0 Wisconsin 16 84,950 14 65,230 19,720

Wednesday, February 1 Issuer St Description Amount

Wednesday, February 1 Issuer St Description Amount

Week Of January 30 Issuer St Description Amount

Week Of January 30 Issuer St Description Amount

CALIFORNIA

COLORADO

Government

Tax-exempt governmental bonds will result in revenue losses to the federal government of $194.7 billion over the five fiscal years 2016-2020, the Joint Committee on Taxation estimated in a report this week.