News and Information from Bond Buyer

It is "unlikely" the Federal Reserve would adopt negative rates, Federal Reserve Bank of Minneapolis President Neel Kashkari said Wednesday.

Indicator Last Report Forecast Actual Durable Goods Orders July: +3.6% Aug.: -1.5% Aug.:unch ex-Trans July: +1.1% Aug.: -0.4% Aug.: -0.4%

Municipal bond traders are set to see more supply enter the market on Wednesday, led by several California issuers.

Sep. 28, 2016 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa2/BBB+/BBB+ 1.36 2.56 3.13 3.98 Indiana Aaa/AAA/AA+ 0.76 1.1 1.63 2.42 Iowa Aaa/AAA/AAA 0.76 1.09 1.63 2.42 Michigan Aa1/AA-/AA 0.8 1.16 1.71 2.52 Minnesota Aa1/AA+/AAA 0.77 1.07 1.56 2.3 Missouri Aaa/AAA/AAA 0.76 1.03 1.52 2.31 Nebraska NR/AAA/NR 0.76 1.12 1.68 2.5 North Dakota Aa1/AA+/NR 0.8 1.16 1.71 2.5 Ohio Aa1/AA+/AA+ 0.78 1.12 1.65 2.46 South Dakota NR/AA+/AAA 0.78 1.12 1.71 2.52 Wisconsin Aa2/AA/AA 0.8 1.12 1.64 2.46

9/27/2016 9/20/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 19 $266,080 9 $92,625 $173,455 Indiana 7 122,045 8 361,405 -239,360 Iowa 5 26,815 4 57,130 -30,315 Michigan 7 164,775 6 86,300 78,475 Minnesota 31 469,820 26 301,075 168,745 Missouri 4 176,460 2 170,000 6,460 Nebraska 1 68,215 1 68,215 0 North Dakota 4 13,760 0 0 13,760 Ohio 4 140,060 2 115,940 24,120 South Dakota 0 0 0 0 0 Wisconsin 10 55,375 26 604,160 -548,785

Wednesday, September 28 Issuer St Description Amount

Wednesday, September 28 Issuer St Description Amount

Week Of September 26 Issuer St Description Amount

Week Of September 26 Issuer St Description Amount

ARKANSAS

ARKANSAS

Government

Puerto Rico’s retirement system plans to join an ongoing lawsuit filed against UBS over the alleged mishandling of pension obligation bond proceeds.

West Virginia has been downgraded for the second time in four months amid the ongoing decline in the coal industry that underpins the state’s economy, as Fitch Ratings lowered the state’s GOs to AA from AA-plus.

Top-rated municipal bonds finished stronger on Tuesday, traders said, as the first of the week’s new issues started to come to market even as the biggest deal of the day was reported postponed.

The Municipal Securities Rulemaking Board proposed on Tuesday to create a standalone minimum denomination rule that would revise current and proposed requirements because of dealer complaints.

A long-awaited overhaul of New York’s Pennsylvania Station is now full steam ahead, according to Gov. Andrew Cuomo, who touted sweeping plans Tuesday to create a new “world-class” transportation hub.

The Puerto Rico Energy Commission issued a five year plan for the island’s power authority, saying the utility had failed to come up with an acceptable alternative.

Northern Illinois University’s Center for Governmental Studies and Department of Accountancy announced the availability of a new draft taxonomy that will enable analysts to compare financial information over time and between governmental units.

S&P Global came out with three favorable reports on California.