News and Information from Bond Buyer

New York State lacks long-term planning for addressing its infrastructure challenges, leading engineers said during a recent panel discussion.

The Central Florida Expressway Authority plans a $425 million advance refunding spurred by continued low interest rates in the bond market and reduced negative arbitrage.

Top-quality municipal bonds were weaker at mid-session, traders said, as two big New York issues came to market.

Puerto Rico’s economic activity index was up 0.1% in July from June.

Detroit Public Schools' $212 million of state aid-backed bonds slipped two to three notches further into junk territory over uncertainty tied to the bonds' security after a restructuring of the school district.

Municipal bond traders are set to see a second big wave of volume sweep over the market on Wednesday, led by two big New York issuers.

Indicator Last Report Forecast Actual Import Prices July: +0.1% Aug.: -0.1% Aug.: -0.2% Export Prices July: +0.2% Aug.: +0.1% Aug.: -0.8%

Wednesday, September 14 Issuer St Description Amount

Wednesday, September 14 Issuer St Description Amount

Week Of September 12 Issuer St Description Amount

Week Of September 12 Issuer St Description Amount

Sep. 14, 2016 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa2/BBB+/BBB+ 1.22 2.58 3.18 3.93 Indiana Aaa/AAA/AA+ 0.62 1.06 1.64 2.35 Iowa Aaa/AAA/AAA 0.62 1.05 1.64 2.35 Michigan Aa1/AA-/AA 0.66 1.12 1.72 2.45 Minnesota Aa1/AA+/AAA 0.63 1.03 1.56 2.24 Missouri Aaa/AAA/AAA 0.62 0.99 1.53 2.24 Nebraska NR/AAA/NR 0.62 1.08 1.69 2.43 North Dakota Aa1/AA+/NR 0.66 1.12 1.72 2.43 Ohio Aa1/AA+/AA+ 0.64 1.07 1.65 2.39 South Dakota NR/AA+/AAA 0.64 1.08 1.72 2.45 Wisconsin Aa2/AA/AA 0.66 1.08 1.65 2.36

ARKANSAS

COLORADO

9/13/2016 9/6/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 11 $373,840 9 $320,816 $53,024 Indiana 9 506,620 3 316,315 190,305 Iowa 4 19,945 6 109,645 -89,700 Michigan 7 879,630 11 911,150 -31,520 Minnesota 22 524,688 19 122,345 402,343 Missouri 4 243,175 0 0 243,175 Nebraska 1 9,900 0 0 9,900 North Dakota 1 5,600 1 5,600 0 Ohio 4 248,970 5 168,795 80,175 South Dakota 0 0 1 13,200 -13,200 Wisconsin 25 285,350 34 340,730 -55,380

Government

Oklahoma State Treasurer Ken Miller has been elected to become president of the National Association of State Treasurers on Jan. 1, 2017.

Rochester, Minn.-based Mayo Clinic returns to the market Wednesday to take advantage of low interest rates to shed some of its floating-rate exposure.

Education officials and experts offered suggestions to a House subcommittee Tuesday on how to regulate private universities’ multibillion-dollar tax-exempt endowments, including by making them taxable in some cases because of concerns about their use.

Four investment management firms received awards from New York City Comptroller Scott Stringer for diversity initiatives on behalf of city pension funds.