News and Information from Bond Buyer

Municipal bond traders were taking a rare breather on Friday after seeing a rather heavy calendar of sales during this holiday-shortened week. The market will now be looking ahead to next week's slate, which is expected to remain hefty.

ALABAMA

ARKANSAS

Oct. 14, 2016 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aa2/AA+/AA+ 0.92 1.32 2.02 2.86 California Aa3/AA-/AA- 0.8 1.21 1.93 2.63 Hawaii Aa1/AA+/AA 0.82 1.25 1.9 2.75 Idaho Aa1/AA+/AA+ 0.78 1.22 1.88 2.72 Montana Aa1/AA/AA+ 0.78 1.21 1.89 2.74 Nevada Aa2/AA/AA+ 0.82 1.24 1.88 2.75 Oregon Aa1/AA+/AA+ 0.8 1.16 1.76 2.59 Washington Aa1/AA+/AA+ 0.84 1.25 1.94 2.83 Wyoming NR/AAA/NR 0.78 1.18 1.8 2.63

10/13/2016 10/6/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 0 $0 $0 California 24 2737035 18 2,082,070 654,965 Hawaii 0 0 0 0 0 Idaho 1 7825 0 0 7,825 Montana 0 0 0 0 0 Nevada 5 137090 2 47,240 89,850 Oregon 1 8200 3 63,315 -55,115 Washington 0 0 1 52,185 -52,185 Wyoming 0 0 0 0 0

Monday, October 17 Issuer St Description Amount

Friday, October 14 Issuer St Description Amount

Week Of October 17 Issuer St Description Amount

Friday, October 14 Issuer St Description Amount

Illinois’ yield penalties widened Thursday as the nation’s lowest rated state sold $1.3 billion of general obligation refunding bonds against a tide of negative fiscal and market headwinds.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose seven basis points to 3.92% from 3.85% in the previous week.

Government

Michigan’s Wayne State University has struck a $1.4 billion, 40-year public-private partnership that will allow it bypass the capital markets to upgrade its housing stock and retire debt.

Top quality municipal bonds finished unchanged on Thursday, traders said, as deals from Illinois and Michigan’s Great Lakes Water Authority swept into the market.

The Securities and Exchange Commission voted unanimously on Thursday to finalize new open-end fund liquidity requirements that market participants said would hurt the industry by damaging the funds' appetites for munis.

Siebert Cisneros Shank & Co., one of the top municipal bond firms in the United States and the largest African-American, Latino and woman-owned investment bank in the nation, celebrated its 20th anniversary on Thursday.

Chicago's tax-increment financing program is in the spotlight after the city said it would release a bigger-than-planned chunk of surplus TIF revenues to help Chicago Public Schools pay for a new teachers' contract.

Tax credit bonds can be an attractive alternative to municipal bonds during sluggish or uncertain economic periods, according to a report issued this week by the Congressional Research Service.

Indicator Last Report Forecast Actual Import Prices Aug.: -0.2% Sept.: +0.1% Sept.: +0.1% Export Prices Aug.: -0.8% Sept.: unch Sept.: +0.3% Initial Jobless Claims 10/1: 246,000 10/8: 253,000 10/8: 246,000 Continuing Claims 9/24: 2.062M 10/1: n/a 10/1: 2.046M

The Treasury Department Thursday auctioned $12 billion of 29-year 10-month bonds with a 2.25% coupon at a 2.470% high yield, a price of 95.372563.