News and Information from Bond Buyer

Indicator Last Report Forecast Actual Wholesale Inventories Aug.: -0.1% Sept.: +0.2% Sept.: +0.1% Wholesale Sales Aug.: +0.7% Sept.: +0.5% Sept.: +0.2%

Donald Trump's victory in the U.S. presidential election does not have near-term implications for the U.S.'s AAA/stable sovereign rating, which still benefits from unique strengths, Fitch Ratings says.

Top-rated municipal bonds were substantially weaker in early trading, according to traders, with yields on long maturities rising 10 to 12 basis points.

Who won this year's Deal of the Year award for the Southwest Region? The winner will be honored on Thursday, December 1 at 583 Park Avenue in Manhattan, and later that night will compete with winners in the seven other categories for the right to be named The Bond Buyer's 2016 Deal of the Year.OTHER 2016 DEAL OF THE YEAR HONOREES: NORTHEAST REGION FAR WEST REGION MIDWEST REGION SOUTHEAST REGION SOUTHWEST REGIONNON-TRADITIONAL FINANCINGHEALTHCARE FINANCING

An index to SourceMedia's comprehensive election analysis for professionals in financial services, healthcare and technology. With coverage of more than 50 contests and ballot initiatives

The largest proposition on ballots, a $9 billion California statewide measure that provides school districts, community college districts and charter schools with matching state funds for school construction, appears to have been approved, while Golden State voters were nearly split on the proposal to require a vote if the state wants to issue more than $2 billion of revenue bonds.

Republicans’ sweeping victories of the White House and Congress set the stage for historic tax reform and increased spending on infrastructure next year, but imperil the tax exemption for municipal bonds.

Nov. 9, 2016 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa2/BBB/BBB+ 1.78 2.92 3.7 4.53 Indiana Aaa/AAA/AA+ 0.68 1.18 1.82 2.65 Iowa Aaa/AAA/AAA 0.68 1.17 1.82 2.65 Michigan Aa1/AA-/AA 0.72 1.24 1.9 2.75 Minnesota Aa1/AA+/AAA 0.69 1.16 1.75 2.53 Missouri Aaa/AAA/AAA 0.68 1.12 1.71 2.54 Nebraska NR/AAA/NR 0.68 1.2 1.87 2.73 North Dakota Aa1/AA+/NR 0.72 1.24 1.9 2.73 Ohio Aa1/AA+/AA+ 0.7 1.2 1.85 2.69 South Dakota NR/AA+/AAA 0.7 1.2 1.9 2.75 Wisconsin Aa2/AA/AA 0.71 1.21 1.88 2.7

11/8/2016 11/1/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 14 $163,328 25 $1,798,688 -$1,635,360 Indiana 18 36,620 13 155,855 -119,235 Iowa 11 69,615 9 114,925 -45,310 Michigan 5 24,710 6 43,405 -18,695 Minnesota 31 233,330 42 337,780 -104,450 Missouri 6 40,905 4 145,500 -104,595 Nebraska 1 9,715 1 7,495 2,220 North Dakota 0 0 4 60,430 -60,430 Ohio 4 18,910 8 259,110 -240,200 South Dakota 0 0 1 115,615 -115,615 Wisconsin 11 97,705 9 52,100 45,605

Wednesday, November 9 Issuer St Description Amount

Wednesday, November 9 Issuer St Description Amount

Week Of November 7 Issuer St Description Amount

Week Of November 7 Issuer St Description Amount

CALIFORNIA

CALIFORNIA

Government

The Detroit Public Schools Community District will take over the schools currently run by the Educational Achievement Authority, which competes with district for state school funding dollars.

For the first time in nearly two years, Oklahoma’s tax collections from the production of oil and natural gas in October surpassed those from the same month the previous year.

The Fresno County, Calif. district attorney is investigating allegations that officials at Parlier Unified School District may have engaged in fraud, misappropriation of funds or other illegal activities.

Top-quality municipal bonds finished weaker on Tuesday, traders said, as issuance was meager on Election Day.