News and Information from Bond Buyer

The municipal bond market on Monday is prepared for the upcoming week's $8.5 billion new issue slate while it eyes the Federal Reserve, which will be gathering in Washington for its monetary policy meeting.

Monday, September 19 Issuer St Description Amount

Week Of September 19 Issuer St Description Amount

LOUISIANA

ARKANSAS

Sep. 19, 2016 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA-/AA- 0.83 1.44 2.09 2.84 Delaware Aaa/AAA/AAA 0.68 1.03 1.56 2.3 Maine Aa2/AA/AA 0.7 1.11 1.69 2.42 Maryland Aaa/AAA/AAA 0.68 1.05 1.6 2.31 Massachusetts Aa1/AA+/AA+ 0.71 1.15 1.73 2.49 New Hampshire Aa1/AA/AA+ 0.7 1.08 1.61 2.4 New Jersey A2/A/A 1.03 1.67 2.32 3.01 New York Aa1/AA+/AA+ 0.68 1.04 1.63 2.46 Pennsylvania Aa3/AA-/AA- 0.88 1.51 2.14 2.88 Rhode Island Aa2/AA/AA 0.73 1.23 1.89 2.66 Vermont Aaa/AA+/AAA 0.68 1.05 1.59 2.32 Dist. of Columbia Aa1/AA/AA 0.72 1.15 1.77 2.53 Puerto Rico Caa3/CC/CC 45.68 16.54 11.32 8.56

9/16/2016 9/9/2016 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 2 10,330 2 $964,320 -$953,990 Delaware 0 0 0 0 0 Maine 1 20,445 3 43,180 -22,735 Maryland 0 0 2 98,370 -98,370 Massachusetts 3 8,343 5 269,185 -260,842 New Hampshire 0 0 0 0 0 New Jersey 15 507,213 6 176,501 330,712 New York 19 1,587,538 18 2,180,497 -592,959 Pennsylvania 17 1,134,270 10 196,920 937,350 Rhode Island 1 138,710 1 192,890 -54,180 Vermont 0 0 0 0 0 District of Columbia 0 0 0 0 0 Puerto Rico 1 750,000 1 750,000 0

Day Indicator Last Report Forecast Monday NAHB Housing Index Aug.: 60 Sept.: 60 Tuesday Housing Starts July: 1.211M Aug.: 1.191M Tuesday Building Permits July: 1.152M Aug.: 1.170M Thursday Initial Jobless Claims 9/10: 260,000 9/17: 263,000 Thursday Continuing Claims 9/3: 2.143M 9/10: 2.140M Thursday Existing Home Sales July: 5.39M Aug.: 5.45M Thursday Leading Indicators July: +0.4% Aug.: unch

Monday, September 19 Issuer St Description Amount

Government

Northwestern Memorial Healthcare and University of Chicago Medical Center are planning deals totaling about $425 million following Illinois Finance Authority approval.

A committee charged by Nevada Gov. Brian Sandoval with finding ways to ramp up tourism advanced a proposal to use $750 million of public money to bring the Oakland Raiders football team to Las Vegas.

There will be a little something for everyone, as a diverse calendar of municipal bond deals is scheduled to hit screens in the upcoming week, which also features a Federal Reserve policy maker meeting that will culminate with an announcement on interest rates on Wednesday.

Money market mutual funds’ holdings of municipal bonds fell by nearly $42 billion dollars between the second quarter of this year and the same period last year, a change that is partially the result of soon-to-become-effective rule changes from the Securities and Exchange Commission.

Opa-locka faces potentially expensive legal challenges that could push the already troubled small south Florida city closer to bankruptcy.

Nassau County, N.Y.’s efforts to lease out the assets of its sewer system face skepticism despite what could be a large payoff for the county.

Wisconsin lawmakers are skeptical of Gov. Scott Walker’s proposed $6.5 billion, two-year transportation budget.

Hartford Mayor Luke Bronin timed his latest dire financial picture about his city’s government with a call for a regional approach to problem solving in Connecticut’s cities.

Responding to stories in The Bond Buyer and at least one other news outlet, Director of the Puerto Rico Office of Management and Budget Luis Cruz Batista said his office has been aware of Puerto Rico’s $2 billion in segregated funds all along.

Top quality municipal bonds were mixed at mid-session, according to traders who were eying next week’s $8.5 billion new issue slate. Ipreo estimates next week’s bond volume at $8.45 billion, down from $11.31 billion this week, according to revised data from Thomson Reuters.