News and Information from Bond Buyer

Transit officials and advocates recalled Robert Kiley as a savvy manager who helped lead New York City’s subway and bus system out of its systematic decay.

The summer repeat season kicks into high gear Wednesday. After a busy day Tuesday, the municipal market will see a rerun as another surge of issuance is expected to hit screens.

Aug. 10, 2016 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa2/BBB+/BBB+ 1.18 2.62 3.2 3.93 Indiana Aaa/AAA/AA+ 0.46 0.93 1.57 2.3 Iowa Aaa/AAA/AAA 0.46 0.92 1.57 2.3 Michigan Aa1/AA+/AA 0.5 0.99 1.65 2.4 Minnesota Aa1/AA+/AAA 0.47 0.92 1.51 2.19 Missouri Aaa/AAA/AAA 0.46 0.86 1.46 2.19 Nebraska NR/AAA/NR 0.46 0.95 1.62 2.38 North Dakota Aa1/AA+/NR 0.49 0.99 1.65 2.38 Ohio Aa1/AA+/AA+ 0.48 0.97 1.61 2.34 South Dakota NR/AA+/AAA 0.48 0.95 1.65 2.4 Wisconsin Aa2/AA/AA 0.49 0.97 1.6 2.32

ARKANSAS

CALIFORNIA

8/9/2016 8/2/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 11 $319,575 5 $69,300 $250,275 Indiana 9 88,735 8 145,165 -56,430 Iowa 3 4,885 2 74,420 -69,535 Michigan 5 192,315 5 12,200 180,115 Minnesota 10 67,050 28 965,260 -898,210 Missouri 1 50,000 2 92,500 -42,500 Nebraska 0 0 4 577,235 -577,235 North Dakota 1 5,535 4 116,875 -111,340 Ohio 3 44,640 11 485,045 -440,405 South Dakota 0 0 0 0 0 Wisconsin 20 263,035 17 743,170 -480,135

Wednesday, August 10 Issuer St Description Amount

Wednesday, August 10 Issuer St Description Amount

Week Of August 8 Issuer St Description Amount

Week Of August 8 Issuer St Description Amount

Government

An audit that accused Los Angeles of wasting millions of dollars in interest costs by issuing bonds too soon “over-simplified important factors,” said the head of the office in charge of the city’s bond issuance.

Maricopa County, Ariz., told the Arizona Diamondbacks baseball team it won't pay $65 million for repairs to the bond-funded Chase Field in downtown Phoenix, sparking a war of words between the team and the county government.

Munis finished the day unchanged, according to traders, as they worked their way through a busy day of deals, including the largest sale of the week.

Five municipal market groups are asking the Securities and Exchange Commission for guidance that would help create a streamlined process for issuers to amend their continuing disclosure agreements without running afoul of Rule 15c2-12 on disclosure.

A $70 million injection of private capital from local philanthropists will boost Kalamazoo, Michigan, said Moody’s Investors Service.

Most of the top 10 debt-issuing states have only a limited ability to weather even a moderate recession, S&P Global Ratings said Tuesday.

The Great Lakes Water Authority is preparing its first bond issues since launching on Jan. 1, when it assumed Detroit’s $5.5 billion water and sewer debt portfolio and took charge of regional water management.

Most registered voters believe governments should reverse infrastructure decline by boosting spending.

The federal subsidy payments made to issuers of Build America Bonds and other direct-pay bonds will be cut by 6. 9% in fiscal 2017 under sequestration, the Internal Revenue Service recently announced.