News and Information from Bond Buyer

Nov. 23, 2016 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa2/BBB/BBB+ 1.97 3.44 4.47 5.13 Indiana Aaa/AAA/AA+ 0.87 1.65 2.42 3.18 Iowa Aaa/AAA/AAA 0.87 1.64 2.42 3.18 Michigan Aa1/AA-/AA 0.92 1.73 2.52 3.3 Minnesota Aa1/AA+/AAA 0.88 1.64 2.36 3.06 Missouri Aaa/AAA/AAA 0.87 1.59 2.31 3.07 Nebraska NR/AAA/NR 0.87 1.67 2.47 3.26 North Dakota Aa1/AA+/NR 0.91 1.71 2.5 3.26 Ohio Aa1/AA+/AA+ 0.91 1.72 2.47 3.24 South Dakota NR/AA+/AAA 0.89 1.67 2.5 3.28 Wisconsin Aa2/AA/AA 0.9 1.73 2.5 3.26

11/22/2016 11/15/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 10 $144,205 13 $126,325 $17,880 Indiana 23 191,005 32 220,725 -29,720 Iowa 3 36,635 5 43,555 -6,920 Michigan 6 32,915 5 66,425 -33,510 Minnesota 21 366,130 26 388,390 -22,260 Missouri 8 123,730 11 196,920 -73,190 Nebraska 0 0 2 83,780 -83,780 North Dakota 2 20,335 0 0 20,335 Ohio 3 67,220 9 310,060 -242,840 South Dakota 0 0 0 0 0 Wisconsin 11 89,390 22 165,870 -76,480

The MSRB reminded dealers on Tuesday that they are required to tell investors when a muni has market discount.

Detroit officials say savings from a bond refinancing will cover the $34 million cost of adapting the design of a halfway-finished pro hockey arena to include the region's pro basketball franchise.

Government

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose four basis points to 4.23% in the week ended Nov. 22 from 4.19% in the previous week.

New Jersey Gov. Chris Christie has restored a four-decade old tax agreement with neighboring Pennsylvania that was set to end Jan. 1.

Top quality municipal bonds finished weaker on Tuesday, traders said, as they kept a wary eye on muni yields, which have risen by as much as 64 basis points since Election Day and by 115 basis points since July’s all-time lows.

Nassau County lawmakers proceeded Monday with amendments to a $2.9 billion budget that faces opposition from the county's fiscal control board.

State legislators and highway officials will grapple with transportation funding proposals in 2017.

Late vote counts in California appear to have swung another seven ballot measures into the win column.

Maricopa County, Ariz.'s plan to sell bond-financed Chase Field appears dead after the real estate company that had expressed interest in the deal said it is no longer interested.

Gov. Charlie Baker and state Treasurer Deborah Goldberg will speak at the sixth annual Massachusetts Investor Conference Dec. 7 in Boston.

The Gary Community School Corporation in Indiana is struggling to meet payroll after voters rejected a referendum to increase property taxes.

The IRS has sent auditors new procedures for information document requests sent to issuers.

The Treasury Department Tuesday auctioned $15 billion of one-year, 11-month floating rate notes with a high discount margin of 0.169%, at a 0.170% spread, a price of 100.001890.

The Treasury Department auctioned $34 billion of five-year notes, with a 1 3/4% coupon, a 1.760% high yield, a price of 99.925337.

Fitch revised its outlook to negative on $123 million of Capitol Region Parking System Series 2013A senior parking revenue bonds in Harrisburg, Pa.

The New York City Municipal Water Finance Authority intends to sell $400 million of bonds on Nov. 30, after a one-day retail period.

The Treasury Department Tuesday auctioned $65 billion of four-week bills at a 0.340% high yield, a price of 99.974500.