News and Information from Bond Buyer

The planned 2021 closure of Indian Point nuclear power plant has no immediate credit impact for New York State local governments that depend on the facility's payments in lieu of taxes, according to S&P Global Ratings.

President-elect Trump has a “bold new vision” for infrastructure financing, according to Transportation Secretary-designate Elaine Chao.

The Treasury Department auctioned $20 billion of 9-year 10-month notes with a 2% coupon at a 2.342% high yield, a price of 97.010859.

As the 2017 Colorado General Assembly gets underway, one measure lawmakers are expected to consider is a sales tax increase for a $3.5 billion transportation and infrastructure bond program.

Chicago Mayor Rahm Emanuel isn’t happy with Moody’s Investors Service, so he’s trying to make the rating agency go away.

Top quality municipal bonds were stronger at mid-session, according to traders, who were seeing a second wave of new issuance hit the market.

Analysts affirmed the stable outlook for the healthcare sector, while acknowledging that repeal of the Affordable Care Act could change the landscape.

Ben Watkins, director of Florida’s Division of Bond Finance, will receive the third annual Jim Lebenthal Infrastructure Champion award at The Bond Buyer's National Outlook Conference in New York Jan. 31.

Labor market conditions "declined modestly and momentum remained high in December," as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) fell to 0.23 in December from a revised 0.28 in November, first reported as 0.25, according to the Bank.

Firms anticipate 2.0% inflation over the next 12 months, a slight decline from December's 2.1% reading, according to the Federal Reserve Bank of Atlanta's Business Inflation Expectations survey, released Wednesday.

The municipal bond market is prepped for the second wave of new issuance to price on Wednesday, as more supply is set to hit the screens in both the negotiated and competitive sectors.

Jan. 11, 2017 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa2/BBB/BBB+ 2.32 3.93 4.51 5.18 Indiana Aaa/AAA/AA+ 0.97 1.74 2.35 3.1 Iowa Aaa/AAA/AAA 0.97 1.73 2.33 3.08 Michigan Aa1/AA-/AA 1.02 1.82 2.45 3.22 Minnesota Aa1/AA+/AAA 0.98 1.7 2.27 2.99 Missouri Aaa/AAA/AAA 0.97 1.68 2.24 2.99 Nebraska NR/AAA/NR 0.97 1.76 2.4 3.18 North Dakota Aa1/AA+/NR 1 1.79 2.43 3.18 Ohio Aa1/AA+/AA+ 1.01 1.78 2.38 3.14 South Dakota NR/AA+/AAA 0.99 1.76 2.43 3.2 Wisconsin Aa2/AA/AA 1 1.76 2.4 3.15

1/10/2017 1/3/2017 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 17 $1,999,210 6 $272,807 $1,726,403 Indiana 11 347,560 7 240,910 106,650 Iowa 3 121,910 3 9,765 112,145 Michigan 27 1,017,415 14 206,785 810,630 Minnesota 19 403,895 18 227,125 176,770 Missouri 5 83,300 5 47,765 35,535 Nebraska 1 4,695 1 4,695 0 North Dakota 2 11,120 2 3,625 7,495 Ohio 8 656,460 0 0 656,460 South Dakota 1 3,965 1 3,965 0 Wisconsin 13 570,060 7 34,700 535,360

Wednesday, January 11 Issuer St Description Amount

Wednesday, January 11 Issuer St Description Amount

Week Of January 9 Issuer St Description Amount

ARKANSAS

ARKANSAS

California revenues missed projections in December by nearly $2 billion compared to projections in the state’s 2016-17 budget.

California Gov. Jerry Brown says bolstering reserves and spending restraints are the best way to prepare for federal uncertainties in fiscal 2017-18 budget unveiling.