News and Information from Bond Buyer

Municipal bond traders are preparing for more new supply to enter the market on Wednesday after seeing the $2.69 billion California deal price on Tuesday.

The Midwest Economy Index fell to negative 0.14 in July from negative 0.04 in June, the Federal Reserve Bank of Chicago said Wednesday.

Private-sector employment increased by 177,000 in August, on a seasonally adjusted basis, ADP estimated Wednesday.

Aug. 31, 2016 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa2/BBB+/BBB+ 1.22 2.49 3.08 3.82 Indiana Aaa/AAA/AA+ 0.5 0.92 1.54 2.24 Iowa Aaa/AAA/AAA 0.5 0.91 1.54 2.24 Michigan Aa1/AA-/AA 0.54 0.98 1.62 2.34 Minnesota Aa1/AA+/AAA 0.51 0.89 1.47 2.13 Missouri Aaa/AAA/AAA 0.5 0.85 1.43 2.13 Nebraska NR/AAA/NR 0.5 0.94 1.59 2.32 North Dakota Aa1/AA+/NR 0.54 0.98 1.62 2.32 Ohio Aa1/AA+/AA+ 0.52 0.91 1.57 2.28 South Dakota NR/AA+/AAA 0.52 0.94 1.62 2.34 Wisconsin Aa2/AA/AA 0.53 0.94 1.55 2.26

8/30/2016 8/23/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 8 $539,760 15 $1,568,815 -$1,029,055 Indiana 1 900 8 122,690 -121,790 Iowa 5 87,225 7 84,635 2,590 Michigan 13 187,125 7 67,420 119,705 Minnesota 17 619,465 14 83,195 536,270 Missouri 0 0 1 11,970 -11,970 Nebraska 0 0 1 21,990 -21,990 North Dakota 0 0 0 0 0 Ohio 5 55,205 15 183,810 -128,605 South Dakota 0 0 0 0 0 Wisconsin 33 373,685 22 355,625 18,060

Wednesday, August 31 Issuer St Description Amount

Wednesday, August 31 Issuer St Description Amount

Week Of August 29 Issuer St Description Amount

Week Of August 29 Issuer St Description Amount

COLORADO

ARKANSAS

A Florida panel overseeing Opa-locka’s finances learned that the city is in default on $8.6 million in privately placed bank loans and acceleration of the debt is imminent.

Government

New Jersey Gov. Chris Christie vetoed a bill Tuesday that would have hiked the state’s minimum wage to $15 an hour by 2021 citing negative economic impacts from other municipalities that have enacted this plan.

Caught up in a dispute between county tax appraisers and the bankrupt owner of a nuclear power plant, a tax-supported hospital district in Glen Rose, Texas, has defaulted on its debt payment, according to a disclosure notice.

Top-quality municipal bonds ended unchanged on Tuesday, according to traders, as JPMorgan Securities priced the state of California's $2.7 billion of various purpose general obligation and GO refunding bonds for institutions after a one-day retail order period.

Japan will contribute $2 million to study a $10 billion magnetic levitation rail line between Baltimore and Washington.

Michigan’s economy has continued to improve without helping the fiscal health of the state’s local governments, according to a new University of Michigan report on the state’s local governments.

Chicago got its first good rating news after announcing funding plans for the city's municipal and laborers pension funds, as Fitch Ratings revised its outlook on the city's rating to stable from negative.

Wyoming Gov. Matt Mead is asking state agencies to look for more ways to save money, citing a budget shortfall that could be more than $500 million.