News and Information from Bond Buyer

Fitch Ratings sees a stable outlook for North American energy infrastructure in 2017, despite Republican threats to reverse years of environmental regulations that could impact capital planning.

The appointee to be the head of the Puerto Rico Highways and Transportation Authority, Carlos Contreras Aponte, for the Rosselló administration, emphasizes the importance of modernization.

With legal opinions endorsing the bankruptcy-remote structure of its next deal, and an A rating in hand, Chicago Public Schools’ new tax-revenue backed credit has a clear path to market access, though yield penalties will remain.

Municipal bond traders will have a lot less to work with, as the new issuance calendar shrinks ahead of the Federal Open Market Committee meeting on interest rates.

New Jersey lawmakers are pitching a proposal to allow the state’s Transportation Trust Fund to sell bonds directly to its $73 billion pension system.

Issuer officials who said Treasury's final issue price rules are a vast improvement over earlier proposals nevertheless raised concern that they might discourage competitive sales of bonds or create problems for issuers if underwriters run afoul of the rules.

Real estate market stability and controlled spending are two factors supporting a stable outlook for U.S. local governments in 2017, according to a Fitch Ratings report.

The Federal Bureau of Investigation is probing allegations that a Compton, Calif. deputy treasurer stole money from the city.

Top-shelf municipal bonds were weaker at mid-session, traders said, ahead of next week's $4 billion new issue calendar, which will be coming as the Federal Reserve gathers in Washington for its last scheduled meeting of the year.

With Dallas trying to stop the run on a rapidly declining pension fund, S&P Global Ratings placed the city’s AA general obligation rating on its watch list for a possible downgrade

The Municipal Bond Club of New York, building on the momentum from its bond school and other educational efforts, hosted an infrastructure panel to raise awareness of the crisis facing the nation.

A bill to allow online lottery gambling in Massachusetts has better odds of passing next year, said state Treasurer Deborah Goldberg.

Deficit-plagued Connecticut is being asked for $250 million to fix up Hartford’s money-losing, four-decade old downtown arena.

The University of Michigan's preliminary December consumer sentiment index reading was 98.0, compared to the final November 93.8 and the preliminary November 91.6, according to market sources.

Municipal bond traders on Friday are finishing up their business for the week as they think about the future direction of muni yields.

Dec. 9, 2016 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aa2/AA+/AA+ 1.07 2.09 2.73 3.57 California Aa3/AA-/AA- 0.94 1.86 2.54 3.39 Hawaii Aa1/AA+/AA 0.96 1.86 2.46 3.29 Idaho Aa1/AA+/AA+ 0.92 1.84 2.46 3.26 Montana Aa1/AA/AA+ 0.92 1.83 2.47 3.28 Nevada Aa2/AA/AA+ 0.97 1.92 2.56 3.37 Oregon Aa1/AA+/AA+ 0.97 1.81 2.38 3.19 Washington Aa1/AA+/AA+ 0.96 1.88 2.5 3.32 Wyoming NR/AAA/NR 0.92 1.8 2.38 3.17

12/8/2016 12/1/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 0 $0 $0 California 37 1021965 34 818335 203,630 Hawaii 0 0 0 0 0 Idaho 0 0 0 0 0 Montana 1 16385 1 19800 -3,415 Nevada 0 0 0 0 0 Oregon 1 9180 4 402075 -392,895 Washington 9 1002100 6 921500 80,600 Wyoming 2 184000 1 90000 94,000

Tuesday, December 13 Issuer St Description Amount

Friday, December 9 Issuer St Description Amount

Friday, December 9 Issuer St Description Amount