News and Information from Bond Buyer

The federal funds rate target remains between 0.25% and 0.50%, following the two-day Federal Open Market Committee meeting, which ended Wednesday.

Senate Democrats and Independents joined together on Wednesday to call for swift action to write and pass legislation that authorizes debt restructuring for Puerto Rico.

New York’s fourth largest township had its credit rating dropped by Moody’s Investors Service due to a lack of audited financial statements.

Florida lawmakers are pressing for legislation that could dramatically alter the state’s public school landscape, saying parents want more charter schools and smaller school districts.

The Treasury Department auctioned $35 billion of five-year notes, with a 1 3/8% coupon, a 1.496% high yield, a price of 99.419442.

The Chicago Public Schools confirmed on Wednesday that its $875 million bond deal has been pulled and placed on the day-today calendar.

The Treasury Department Wednesday auctioned $15 billion of two-year floating rate notes with a high discount margin of 0.272%, at a 0.272% spread, a price of 99.999997.

Indicator Last Report Forecast Actual New Home Sales Nov.: 491,000 Dec.: 500,000 Dec.: 544,000

Municipal bond market participants are eagerly anticipating the Chicago Board of Education's $875 million deal, which JPMorgan Securities is set to price on Wednesday.

Dale Horowitz, upon receiving the second annual Jim Lebenthal Infrastructure Champion Award, paid homage to his longtime friend.

Sales of new single-family homes grew 10.8% to a 544,000 seasonally adjusted annual rate in December, according to data released by the Commerce Department Wednesday.

California Controller Betty Yee urged public employee unions to negotiate prefunding of retiree healthcare benefits as her office's latest report identified California's OPEB liability at $74.1 billion.

Jan. 27, 2016 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa1/A+/BBB+ 1.35 2.35 3.35 4.35 Indiana Aaa/AAA/AA+ 0.45 1.11 1.87 2.87 Iowa Aaa/AAA/AAA 0.45 1.12 1.87 2.87 Michigan Aa1/AA+/AA 0.49 1.18 1.98 3 Minnesota Aa1/AA+/AA+ 0.46 1.08 1.78 2.77 Missouri Aaa/AAA/AAA 0.45 1.04 1.76 2.76 Nebraska NR/AAA/NR 0.45 1.13 1.92 2.95 North Dakota Aa1/AA+/NR 0.48 1.18 1.95 2.95 Ohio Aa1/AA+/AA+ 0.47 1.12 1.91 2.93 South Dakota NR/AA+/AA+ 0.49 1.17 1.95 2.97 Wisconsin Aa2/AA/AA 0.48 1.13 1.9 2.9

1/26/2016 1/19/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 11 $934,320 15 $1,028,875 -$94,555 Indiana 1 4,365 3 240,130 -235,765 Iowa 4 14,315 2 8,780 5,535 Michigan 14 224,775 17 293,890 -69,115 Minnesota 20 291,370 29 733,580 -442,210 Missouri 2 190,190 9 73,295 116,895 Nebraska 1 139,150 0 0 139,150 North Dakota 3 27,920 3 27,475 445 Ohio 6 164,710 1 21,770 142,940 South Dakota 0 0 0 0 0 Wisconsin 9 54,560 15 102,025 -47,465

Wednesday, January 27 Issuer St Description Amount

Wednesday, January 27 Issuer St Description Amount

Wednesday, January 27 Issuer St Description Amount

Week Of January 25 Issuer St Description Amount

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