News and Information from Bond Buyer

MARYLAND

10/11/2016 10/4/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 13 $1,472,930 15 $1,495,350 -$22,420 Indiana 16 345,025 8 67,215 277,810 Iowa 8 80,250 7 222,410 -142,160 Michigan 10 1,329,910 6 239,480 1,090,430 Minnesota 37 408,525 36 422,185 -13,660 Missouri 6 54,215 3 10,500 43,715 Nebraska 1 19,375 0 0 19,375 North Dakota 5 14,930 4 13,760 1,170 Ohio 9 103,940 13 258,135 -154,195 South Dakota 2 74,370 0 0 74,370 Wisconsin 17 81,160 12 396,335 -315,175

ARKANSAS

Government

Top-rated municipal bonds finished substantially weaker on Tuesday, according to traders, who returned to their desks after the holiday weekend looking ahead to a new issue calendar totaling over $8 billion.

Chicago Mayor Rahm Emanuel unveiled his 2017 budget proposal Tuesday using the occasion to promote what he portrayed as the city’s fiscal turnaround.

S&P Global Ratings said it anticipates lowering Alaska’s various credit ratings one notch after the state closes the pension obligation bond deal it plans this month.

Oklahoma’s September revenue collections were the lowest for the month since 2010, state Treasurer Ken Miller reported.

Infrastructure plans proposed by Hillary Clinton and Donald could cost anywhere from $300 billion to $600 billion, according to a recent report by the Committee For A Responsible Federal Budget.

The Indianapolis City-County Council approved a $1.1 billion budget for fiscal 2017 that includes a $200 million infrastructure plan that would be partially funded by future bonding.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.360% high rate, up from 0.310% the prior week, and the six-months incurred a 0.495% high rate, up from 0.490% the week before.

The Treasury Department Tuesday auctioned $20 billion of 364-day bills at a 0.680% high yield, a price of 99.312444.

The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.265% high yield, a price of 99.979389.

A judge has agreed to put Peter Cannava back into a Securities and Exchange Commission lawsuit that alleges the Wells Fargo banker aided and abetted the defrauding of investors in connection with a private placement by 38 Studios.

A transportation coalition is asking presidential campaigns for details on long-term plans to fund federal highway programs.

Junk-rated Chicago Public Schools averted a teachers’ strike after striking a tentative four-year deal with union leaders during negotiations that came down to the wire.

Top-rated municipal bonds were weaker at mid-session, according to traders, who were returning to their desks after the three day holiday weekend. New issue volume for the week is estimated at $8.41 billion.

Municipal advisors face growing concern that some activities they could pursue to help clients make private placements might land them in hot water with the Securities and Exchange Commission.

The offsetting tax cuts New Jersey lawmakers accepted to get Gov. Chris Christie to accept a gas tax increase for transportation are credit negative for state finances, according to Moody’s Investors Service.