News and Information from Bond Buyer

Municipal market participants are looking forward to a underwhelming amount of volume but with demand continuing to be strong for munis that with plus a backup in yields will make for another good week.

The Treasury Department and the Internal Revenue Service released final arbitrage rules on Friday that address issues relating to advance refundings, long-term working capital financings, hedges, investments, and grants among other things.

A report issued by the Alaska governor's office outlines “dire consequences” for the state’s fiscal health if the state's legislature fails to take decisive action.

Chicago’s O’Hare International Airport will get new gates and ultimately could see an aging terminal demolished and rebuilt to serve as a central hub under initiatives formally unveiled by Mayor Rahm Emanuel Friday.

Public-private partnerships could be the answer for reviving stalled high-speed rail efforts.

Oriental Financial Services, Hilltop Securities, Alluvion Securities and Sterne, Agee & Leach have agreed to pay a combined $133,358 for municipal securities violations uncovered by the Financial Industry Regulatory Authority.

North Carolina Gov. Pat McCrory signed the 2017 budget bill into law, increasing the general fund by 2.8% to give teachers raises, cut state income taxes, and bring reserves to an all-time high.

Pension fund veteran Marcie Frost will helm the nation's largest public employee retirement plan, the California Public Employees' Retirement System.

Top-rated municipal bonds were weaker at mid-session, traders said, ahead of a $6.7 billion new issue slate, marked by the postponement of what would have been the upcoming week's biggest sale.

Pennsylvania's fiscal 2017 budget makes progress on, but does not fully resolve the commonwealth's sizable structural budget gap, according to Fitch Ratings.

Rochester, N.Y., appears to have turned a fiscal corner even as it manages through the decline of two large employers that once formed the bedrock of the city’s economy and identity.

The University of Michigan's preliminary July consumer sentiment index reading was 89.5, compared to the final June 93.5, according to market sources.

Municipal bond traders are taking Friday to go through their inventory of new bonds before next week's volume comes to market.

Industrial production surged 0.6% in June, the Federal Reserve reported Friday.

The Empire State Manufacturing Survey showed "business activity flattened out for New York manufacturers," the Federal Reserve Bank of New York reported Friday, as the general business conditions index slipped to 0.55 in July from 6.01 in June.

Jul. 15, 2016 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aa1/AA+/AAA 0.66 1.11 1.73 2.36 California Aa3/AA+/A+ 0.54 0.91 1.54 2.13 Hawaii Aa2/AA/AA 0.55 0.96 1.53 2.17 Idaho Aa1/AA+/AA+ 0.52 0.96 1.56 2.2 Montana Aa1/AA/AA+ 0.52 0.95 1.57 2.22 Nevada Aa2/AA/AA+ 0.56 0.98 1.56 2.23 Oregon Aa1/AA+/AA+ 0.54 0.9 1.43 2.07 Washington Aa1/AA+/AA+ 0.57 1.03 1.63 2.27 Wyoming NR/AAA/NR 0.52 0.92 1.48 2.11

7/14/2016 7/7/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 0 1 $58,315 -$58,315 California 9 292190 9 359,015 -66,825 Hawaii 0 0 0 0 0 Idaho 1 11105 2 41,105 -30,000 Montana 0 0 1 8,060 -8,060 Nevada 1 8970 2 294,375 -285,405 Oregon 1 14635 2 77,000 -62,365 Washington 4 249155 1 5,500 243,655 Wyoming 0 0 0 0 0

Monday, July 18 Issuer St Description Amount

Friday, July 15 Issuer St Description Amount