News and Information from Bond Buyer

Former Harrisburg, Pa., Mayor Steve Reed received two years of supervised probation after pleading guilty to 20 counts of receiving stolen property.

Jan. 30, 2017 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA-/AA- 1.1 2.2 3.03 3.8 Delaware Aaa/AAA/AAA 0.9 1.67 2.34 3.09 Maine Aa2/AA/AA 0.92 1.74 2.46 3.23 Maryland Aaa/AAA/AAA 0.9 1.69 2.37 3.1 Massachusetts Aa1/AA+/AA+ 0.92 1.76 2.49 3.3 New Hampshire Aa1/AA/AA+ 0.92 1.76 2.47 3.22 New Jersey A2/A/A 1.25 2.53 3.31 4.05 New York Aa1/AA+/AA+ 0.9 1.71 2.44 3.27 Pennsylvania Aa3/AA-/AA- 1.08 2.15 3.03 3.75 Rhode Island Aa2/AA/AA 0.95 1.86 2.66 3.44 Vermont Aaa/AA+/AAA 0.9 1.69 2.37 3.11 Dist. of Columbia Aa1/AA/AA 0.93 1.78 2.52 3.31 Puerto Rico Caa3/CC/CC 38.6 14.68 10.7 8.2

1/27/2017 1/20/2017 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 2 $28,860 1 $14,000 $14,860 Delaware 1 39,940 1 39,940 0 Maine 0 0 1 9,915 -9,915 Maryland 3 231,055 8 549,735 -318,680 Massachusetts 1 25,000 2 132,885 -107,885 New Hampshire 0 0 0 0 0 New Jersey 1 3,386 2 7,393 -4,007 New York 15 453,888 9 95,905 357,983 Pennsylvania 12 314,860 18 863,490 -548,630 Rhode Island 1 40,000 3 52,415 -12,415 Vermont 0 0 0 0 0 District of Columbia 2 300,000 0 0 300,000 Puerto Rico 1 750,000 1 750,000 0

Monday, January 30 Issuer St Description Amount

Monday, January 30 Issuer St Description Amount

Week Of January 30 Issuer St Description Amount

Week Of January 30 Issuer St Description Amount

CALIFORNIA

ALABAMA

Day Indicator Last Report Forecast Monday Personal Income Nov.: unch Dec.: +0.4% Monday Consumption Nov.: +0.2% Dec.: +0.5% Monday Core PCE Price Index Nov.: unch Dec.: +0.1% Monday Pending Home Sales Nov.: -2.5% Dec.: +1.1% Tuesday Emploment Cost Index Q3: +0.6% Q4: +0.6% Tuesday Chicago PMI Dec.: 53.9 Jan.: 55.0 Tuesday Consumer Confidence Dec.: 113.7 Jan.: 112.9 Wednesday ADP Employment Dec.: +153,000 Jan.: +165,000 Wednesday Construction Spending Nov.: +0.9% Dec.: +0.3% Wednesday ISM Manufacturing PMI Dec.: 54.5 Jan.: 55.0 Thursday Initial Claims 1/21: 259,000 1/28: 250,000 Thursday Continuing Claims 1/14: 2.100M 1/21: n/a Thursday Productivity Q3: +3.1% Q4: +1.0% Thursday Unit Labor Costs Q3: +0.7% Q4: +2.0% Friday Nonfarm Payrolls Dec.: +156,000 Jan.: +171,000 Friday Private Payrolls Dec.: +144,000 Jan.: +165,000 Friday Manufacturing Payrolls Dec.: +17,000 Jan.: +4,000 Friday Unemployment Rate Dec.: 4.7% Jan.: 4.7% Friday Avg Hourly Earnings Dec.: +0.4% Jan.: +0.3% Friday Average Workweek Dec.: 34.3 Jan.: 34.3 Friday Factory Orders Nov.: -2.4% Dec.: +1.0% Friday ISM Non-Manufacturing PMI Dec.: 56.6 Jan.: 57.0

Government

Illinois Gov. Bruce Rauner attacked and vowed to fight Illinois Attorney General Lisa Madigan’s attempt to block state payroll amid the 18-month-old budget impasse.

S&P Global Ratings has raised its rating on Utica, N.Y.'s general obligation bonds one notch to 'A-' from 'BBB+'.

The Internal Revenue Service has told the California Municipal Finance Authority that $32.5 million of refunding bonds it issued in 2007 for Exxon Capital Ventures, Inc. are taxable, but the borrower is disputing the finding.

In a rare show of unity, the Minnesota legislature and Gov. Mark Dayton agreed to spend $310 million to subsidize rising healthcare premiums, even as disputes over how to use a billion-dollar surplus in the next state budget lay ahead.

Top-shelf municipal bonds closed a bit stronger on Friday, according to traders, who will see a manageable new issue supply calendar, with Ipreo estimating volume for the upcoming week at $4.03 billion.

Facing a second $300 million deficit this year, Louisiana Gov. John Bel Edwards said lawmakers must meet in a special session and “use a scalpel, not a sledge hammer” to make strategic cuts.

The Wyoming legislature is considering a bill that would essentially ban major types of renewable energy in the coal revenue-dependent state.

The Securities and Exchange Commission and three defendants allegedly involved in a pay-to-play scheme to steer billions of dollars of business from a New York pension fund to certain firms have agreed to ask a federal court to stay the civil case resulting from the charges while two criminal cases moves forward.

The cost of major road projects in Wisconsin is twice as much as highway planners estimated, audit finds.