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According to the ISM's monthly report on business, the ISM index increased to 51.3 in May from 50.8 in April.
June 1 -
Municipal bond buyers are looking ahead to the kickoff of the week's $4.57 billion primary market calendar, which is dominated by a big competitive sale from Pennsylvania on Wednesday and two large negotiated deals from a New York issuer on Thursday.
June 1
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Jun. 1, 2016 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa1/A+/BBB+ 1.43 2.74 3.41 4.15 Indiana Aaa/AAA/AA+ 0.58 1.15 1.78 2.57 Iowa Aaa/AAA/AAA 0.58 1.14 1.78 2.57 Michigan Aa1/AA+/AA 0.62 1.2 1.85 2.67 Minnesota Aa1/AA+/AA+ 0.59 1.11 1.7 2.46 Missouri Aaa/AAA/AAA 0.58 1.08 1.67 2.46 Nebraska NR/AAA/NR 0.58 1.17 1.83 2.65 North Dakota Aa1/AA+/NR 0.61 1.21 1.86 2.65 Ohio Aa1/AA+/AA+ 0.6 1.18 1.78 2.6 South Dakota NR/AA+/AA+ 0.6 1.17 1.86 2.67 Wisconsin Aa2/AA/AA 0.6 1.16 1.8 2.57
June 1 -
5/31/2016 5/24/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 6 $263,055 8 $440,485 -$177,430 Indiana 5 69,495 15 68,990 505 Iowa 8 78,780 4 52,600 26,180 Michigan 27 440,805 16 245,670 195,135 Minnesota 34 254,718 39 509,118 -254,400 Missouri 1 9,775 4 140,875 -131,100 Nebraska 0 0 0 0 0 North Dakota 4 58,030 6 90,365 -32,335 Ohio 5 90,927 3 29,435 61,492 South Dakota 0 0 0 0 0 Wisconsin 20 114,395 23 249,225 -134,830
June 1 -
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While Chicago general obligation paper faces steep trading penalties and rating challenges, the citys airport paper is faring much better.
May 31
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The Regional Transit Authority of Southeast Michigan plans to ask voters in Wayne, Oakland, Macomb and Washtenaw counties to approve a 1.5 mill property tax increase for improved transit .
May 31 - Nevada
The Reno-Sparks Indian Colony in Nevada received a Fitch Ratings upgrade bringing its long-term issuer default rating into institutional-grade territory.
May 31 - Illinois
Chicago Mayor Rahm Emanuel heralded public safety pension relief granted by state lawmakers who are winding down a regular session that is unlikely to provide similar clarity for the troubled Chicago public schools.
May 31
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Municipal advisor professionals who have not already passed the Municipal Securities Rulemaking Boards pilot qualification exam will have one year from Sept. 12 to pass the permanent exam, the self-regulator announced on Tuesday.
May 31
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Top-rated municipal bonds ended steady in quiet activity on Tuesday, according to traders, who returned to work after a long holiday weekend.
May 31
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After an eight month streak of declines in year-over-year volume, municipal bond issuance rose in May as both new money and refunding deals increased.
May 31
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Muni market groups are resoundingly saying "no" to the Municipal Securities Rulemaking Board's question of whether it should require municipal advisors to disclose information about their issuer clients' bank loans or privately placed municipal securities.
May 31
- Michigan
Michigans struggling cities wont be able to reverse their declining fiscal health if they continue to depend on the states faulty revenue sharing system, the Michigan Municipal League said in a report.
May 31
