News and Information from Bond Buyer

Indicator Last Report Forecast Actual Import Prices May: +1.4% June: +0.5% June: +0.2% Export Prices May: +1.2% June: +0.3% June: +0.8% Budget Statement May: -$52.5B June: +$19.0B June: +$6.3B

A $2 billion flood diversion project in North Dakota and Minnesota is the first P3 for the U.S. Army Corps of Engineers.

The federal government ran a $6.3 billion surplus in June, the Treasury Department reported Wednesday.

Modest expansion was reported by most of the 12 Federal Reserve Districts, according to the latest beige Book report, released Wednesday.

The Treasury Department Thursday auctioned $12 billion of 29-year 10-month bonds with a 2.50% coupon at a 2.172% high yield, a price of 107.171412.

Top-shelf municipal bonds were steady to stronger at mid-session, traders said, as more new supply swept into the market on Wednesday.

Municipal officials should adopt a 6% rate of return as a baseline assumption for public pension investments, according to Alicia Munnell, director of the Center for Retirement Research at Boston College

San Diego residents will have a chance this fall to vote on a proposed hotel room tax hike that would back bonds for a $1.8 billion professional football stadium-convention center downtown, but some critics question the bond financing.

Labor market conditions were "little changed, while momentum accelerated modestly," as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) increased to positive 0.015 in June from a revised negative 0.01 in May, according to the Bank.

Louisiana faces another thorny funding issue: how to address billions of dollars in backlogged transportation needs.

New York City will hold to a prudent financial course while maintaining a progressive social program, Mayor Bill de Blasio told municipal bond market participants on Tuesday.

S&P Global Ratings said it has lowered its long-term rating and underlying rating on the Puerto Rico Highway and Transportation Authority's subordinated transportation revenue bonds, series 1998, state infrastructure bank, to D (default) from CC, following a default on scheduled debt service due July 1, 2016.

A dispute over parking payments continues amid S&P Global Services' downgrade to junk bond status of bonds that funded a long-term parking lease.

Top-shelf municipal bonds were steady to stronger in early activity, traders said, ahead of more supply scheduled to come their way on Wednesday.

The speed of Pennsylvania's response to its $1.2 billion budget imbalance will make a difference when it sells general obligation bonds next week.

Jul. 13, 2016 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa2/BBB+/BBB+ 1.24 2.61 3.11 3.71 Indiana Aaa/AAA/AA+ 0.52 0.92 1.45 2.08 Iowa Aaa/AAA/AAA 0.52 0.91 1.45 2.08 Michigan Aa1/AA+/AA 0.56 0.99 1.54 2.18 Minnesota Aa1/AA+/AA+ 0.53 0.88 1.38 1.97 Missouri Aaa/AAA/AAA 0.52 0.85 1.34 1.97 Nebraska NR/AAA/NR 0.52 0.94 1.5 2.16 North Dakota Aa1/AA+/NR 0.55 0.98 1.53 2.16 Ohio Aa1/AA+/AA+ 0.54 0.96 1.48 2.11 South Dakota NR/AA+/AAA 0.54 0.94 1.53 2.18 Wisconsin Aa2/AA/AA 0.55 0.94 1.47 2.08

7/12/2016 7/5/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 5 $106,240 3 $74,130 $32,110 Indiana 13 260,320 6 98,775 161,545 Iowa 4 65,360 5 67,130 -1,770 Michigan 20 2,107,200 15 125,975 1,981,225 Minnesota 42 334,866 38 302,815 32,051 Missouri 2 110,300 1 72,885 37,415 Nebraska 0 0 0 0 0 North Dakota 6 53,865 1 2,160 51,705 Ohio 6 251,910 5 29,910 222,000 South Dakota 0 0 0 0 0 Wisconsin 15 307,630 16 222,085 85,545

Wednesday, July 13 Issuer St Description Amount

Wednesday, July 13 Issuer St Description Amount

Week Of July 11 Issuer St Description Amount