News and Information from Bond Buyer

Municipal bonds were mixed on Wednesday. Yields were as many as two basis points higher, though they were unchanged on most maturities, according to traders.

Puerto Rico said it faces a $3 billion cash shortfall in the current fiscal year without using the bankruptcy allowed under this year’s federal rescue legislation.

Continued biennial toll and fare increases, and further savings are essential for the finances of New York’s MTA, its chief financial officer told the board.

Miami city commissioners will be asked Thursday to approve their first bond issue since a federal jury found the city guilty of violating securities fraud charges and paying a record $1 million settlement.

A $338.5 million federal loan is part of the funding package for a subsea road tunnel project in Virginia.

Republicans say if federal agencies don’t hold off on finalizing rules, they’ll face scrutiny and possible action by Congress.

Although yields were still working their way up on Wednesday, some issuers decided to go ahead and price new deals despite market volatility.

The law firm Greenberg Traurig has added former Houston Controller Ronald Green to its Houston practice as a shareholder specializing in public finance and government affairs.

Cook County, Ill., commissioners signed off on a $4.9 billion 2017 budget that relies on spending cuts and a new sweetened beverage tax to erase red ink due in part to growing debt service and pension expenses.

With a handful of deals placed on the day-to-day calendar due to market volatility, municipal market participants are waiting to see what deals price Wednesday.

Indicator Last Report Forecast Actual PPI Sept.: +0.3% Oct.: +0.3% Oct.: unch PPI Core Sept.: +0.2% Oct.: +0.2% Oct.: -0.2% Industrial Production Sept.: -0.2% Oct.: +0.2% Oct.: unch Capacity Utilization Sept.: 75.4 Oct.: 75.5 Oct.: 75.3 NAHB Housing Index Oct.: 63 Nov.: 63 Nov.: 63

Larry Levitz, a 30-year public finance veteran who recently spent five years as a director at Fitch Ratings, died unexpectedly on Wednesday. He was 62.

Builders' confidence in the market for new single-family homes was flat as the National Association of Home Builders' housing market index held at 63 in November from an unrevised 63 in October.

Connecticut's Bond Commission provided a controversial $35 million package to Greenwich hedge fund AQR Capital Management.

Industrial production was unchanged in October, the Federal Reserve reported Wednesday.

The U.S. October producer price index was a weaker than expected, as the Bureau of Labor Statistics Wednesday reported the final demand PPI was flat, while the core rate fell 0.2%.

The New York region's service sector activity "declined for a fourth consecutive month," according to the Federal Reserve Bank of New York's November Business Leaders Survey, released Wednesday.

Nov. 16, 2016 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa2/BBB/BBB+ 1.91 3.26 4.31 5.13 Indiana Aaa/AAA/AA+ 0.81 1.47 2.28 3.1 Iowa Aaa/AAA/AAA 0.81 1.46 2.28 3.1 Michigan Aa1/AA-/AA 0.86 1.55 2.38 3.22 Minnesota Aa1/AA+/AAA 0.82 1.45 2.22 2.98 Missouri Aaa/AAA/AAA 0.81 1.41 2.17 2.99 Nebraska NR/AAA/NR 0.81 1.49 2.33 3.18 North Dakota Aa1/AA+/NR 0.85 1.53 2.36 3.18 Ohio Aa1/AA+/AA+ 0.85 1.53 2.32 3.14 South Dakota NR/AA+/AAA 0.83 1.49 2.36 3.2 Wisconsin Aa2/AA/AA 0.84 1.51 2.35 3.18

11/15/2016 11/8/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 13 $126,325 14 $163,328 -$37,003 Indiana 32 220,725 18 36,620 184,105 Iowa 5 43,555 11 69,615 -26,060 Michigan 5 66,425 5 24,710 41,715 Minnesota 26 388,390 31 233,330 155,060 Missouri 11 196,920 6 40,905 156,015 Nebraska 2 83,780 1 9,715 74,065 North Dakota 0 0 0 0 0 Ohio 9 310,060 4 18,910 291,150 South Dakota 0 0 0 0 0 Wisconsin 22 165,870 11 97,705 68,165

Wednesday, November 16 Issuer St Description Amount