News and Information from Bond Buyer

The Senate is expected to keep Puerto Rico waiting for progress a House bill to help the island address its debt crisis, as other options for the commonwealth have continued to be eliminated.

The board of New York’s Metropolitan Transportation Authority on Wednesday authorized a bond offering to monetize a portion of the 99-year lease payments from Hudson Rail Yards commercial and residential development.

Five new members, including two appointed by New York Mayor Bill de Blasio, have joined the New York MTA board.

The District of Columbia submitted its enacted $13.4 billion fiscal 2017 budget and 2017-2020 capital plan to Congress and President Obama Wednesday, defying Republican legislation that would curtail any such action without congressional approval.

Wayne County, Mich. took a big leap toward leaving junk territory, winning a four notch upgrade from Fitch Ratings 10 months after entering into a state consent agreement to turn around its finances.

Bond industry veteran Tony Miscimarra is the new managing director of business development at BondWave LLC, as the financial technology company and registered investment advisor prepares to launch a suite of new technology products.

In a first-of-its-kind case, a federal judge hears arguments June 30 on motions to dismiss a challenge by two Florida counties of $1.75 billion in private activity bonds for the All Aboard Florida passenger train.

Sponsors of a $1 billion rail line in north Texas said more than $535 million of federal funding is on the way.

Three new casinos in Upstate New York have paid $151 million in licensing fees that are being split among municipalities where the gaming facilities are being built, Gov. Andrew Cuomo announced Tuesday.

Top-rated municipal bonds were steady to weaker at mid-session, according to traders, as a second wave of new issuance swept over the market on Wednesday.

Detroit’s proposed refunding of $660 million of general obligation debt now moves to the city’s fiscal oversight commission for review after winning City Council approval.

Hawaii Gov. David Ige signed an agreement with the Navy to coordinate the human and financial resources of the state and the Department of Defense to advance clean energy projects.

Idaho’s Housing & Finance Association bonds were downgraded by Moody’s Investors Service ahead plans to price $37.2 million today.

Municipal bond traders are set to see a second big wave of new issuance sweep over the market on Wednesday as muni yields inch up off their recent record lows.

Rhode Island Treasurer Seth Magaziner chose Francis Quinn as the state's first debt manager, and Tim Nguyen as the state pension system's interim chief investment officer.

Jun. 22, 2016 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa2/BBB+/BBB+ 1.3 2.79 3.34 3.92 Indiana Aaa/AAA/AA+ 0.58 1.03 1.59 2.3 Iowa Aaa/AAA/AAA 0.58 1.02 1.59 2.3 Michigan Aa1/AA+/AA 0.62 1.08 1.66 2.4 Minnesota Aa1/AA+/AA+ 0.59 0.99 1.51 2.19 Missouri Aaa/AAA/AAA 0.58 0.96 1.48 2.19 Nebraska NR/AAA/NR 0.58 1.05 1.64 2.38 North Dakota Aa1/AA+/NR 0.61 1.09 1.67 2.38 Ohio Aa1/AA+/AA+ 0.6 1.06 1.6 2.33 South Dakota NR/AA+/AAA 0.6 1.05 1.67 2.4 Wisconsin Aa2/AA/AA 0.6 1.05 1.61 2.3

6/21/2016 6/14/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 8 $62,315 5 $878,660 -$816,345 Indiana 3 5,045 10 107,705 -102,660 Iowa 9 323,195 4 6,280 316,915 Michigan 14 513,585 18 479,925 33,660 Minnesota 41 399,975 39 316,400 83,575 Missouri 3 15,100 2 17,050 -1,950 Nebraska 1 8,550 0 0 8,550 North Dakota 1 3,300 2 28,940 -25,640 Ohio 9 281,600 2 5,690 275,910 South Dakota 0 0 0 0 0 Wisconsin 34 256,275 41 222,925 33,350

Wednesday, June 22 Issuer St Description Amount

Wednesday, June 22 Issuer St Description Amount

Week Of June 20 Issuer St Description Amount