News and Information from Bond Buyer

Wednesday, June 29 Issuer St Description Amount

Jun. 29, 2016 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa2/BBB+/BBB+ 1.24 2.66 3.16 3.75 Indiana Aaa/AAA/AA+ 0.52 0.9 1.41 2.12 Iowa Aaa/AAA/AAA 0.52 0.89 1.41 2.12 Michigan Aa1/AA+/AA 0.56 0.97 1.5 2.22 Minnesota Aa1/AA+/AA+ 0.53 0.87 1.34 2.01 Missouri Aaa/AAA/AAA 0.52 0.83 1.3 2.01 Nebraska NR/AAA/NR 0.52 0.92 1.46 2.2 North Dakota Aa1/AA+/NR 0.55 0.96 1.49 2.2 Ohio Aa1/AA+/AA+ 0.54 0.92 1.41 2.15 South Dakota NR/AA+/AAA 0.54 0.92 1.49 2.22 Wisconsin Aa2/AA/AA 0.54 0.89 1.43 2.12

Week Of June 27 Issuer St Description Amount

Week Of June 27 Issuer St Description Amount

6/28/2016 6/21/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 4 $104,285 8 $62,315 $41,970 Indiana 7 19,920 3 5,045 14,875 Iowa 5 142,000 9 323,195 -181,195 Michigan 10 68,090 14 513,585 -445,495 Minnesota 37 363,356 41 399,975 -36,619 Missouri 1 72,885 3 15,100 57,785 Nebraska 1 6,300 1 8,550 -2,250 North Dakota 1 2,160 1 3,300 -1,140 Ohio 8 55,895 9 281,600 -225,705 South Dakota 0 0 0 0 0 Wisconsin 28 297,270 34 256,275 40,995

CALIFORNIA

RBC Capital Markets raised $1 million on Tuesday for several youth-related charities during its second annual “RBC Trade for the Kids” day. And RBC’s Municipal Sales and Trading desk did its part, donating its net revenue from Tuesday’s activity on the Elevate system.

Puerto Rican legislative leaders are debating how much the government should allocate to debt service versus other needs in the budget for fiscal year 2016-2017.

Top-rated municipal bonds finished weaker on Tuesday, according to traders, as muni yields rose off their recent record lows. The primary market was active, with large deals coming from Washington, Massachusetts and San Antonio.

The Senate is poised to begin debate on the House’s Puerto Rico rescue bill Wednesday morning with a possible final vote taking place later in the day.

Kourtney Ratliff Gibson has been named President of Loop Capital Markets, the firm announced on Tuesday. In her new role, she will to report directly to Chairman and Chief Executive Officer James Reynolds, Jr.

New Jersey legislative leaders and Gov. Chris Christie have reached agreement on a compromise gas tax hike plan to keep the state’s Transportation Trust Fund afloat that would be offset by a sales tax cut.

Interstate highway system is deteriorating due to low level of investment as traffic congestion increases.

State bonded debt was relatively flat in 2015, according to a report released this week by Moody’s Investors Service.

HJ Sims has hired Annamae Logan as Senior Vice President and Managing Director of Fixed Income Trading, the firm announced on Tuesday.

The Federal Open Market Committee on Tuesday announced its tentative meeting schedule for 2017: Jan. 31-Feb. 1; March 14-15; May 2-3; June 13-14; July 25-26; Sept. 19-20; Oct. 31-Nov. 1; Dec. 12-13; Jan. 30-31, 2018.

The British vote to exit the European Union won't derail the U.S. economic recovery, it could force policymakers to remain cautious, according to former Federal Reserve Chair Ben Bernanke.

The Connecticut Housing Finance Authority intends to offer up to $63 million in fixed-rate bonds on Tuesday and $23 million as variable rate on July 13.

Top-rated municipal bonds were weaker at mid-session, according to traders, with yields on some maturities rising as much as four basis points.

In Michigan it's not just Detroit Public Schools that have fallen victim to the state's population decline. Statewide shrinking enrollment coupled with the expansion of charter schools has stretched state aid dollars and damaged school credit.