News and Information from Bond Buyer

Week Of January 4 Issuer St Description Amount

NEW YORK

MISSOURI

Dec. 30, 2015 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa1/A+/BBB+ 1.25 2.91 3.62 4.5 Indiana Aaa/AAA/AA+ 0.5 1.32 2.04 2.92 Iowa Aaa/AAA/AAA 0.5 1.33 2.04 2.92 Michigan Aa2/AA/AA 0.54 1.39 2.15 3.05 Minnesota Aa1/AA+/AA+ 0.51 1.3 1.97 2.84 Missouri Aaa/AAA/AAA 0.5 1.25 1.93 2.81 Nebraska NR/AAA/NR 0.5 1.34 2.09 3 North Dakota Aa1/AA+/NR 0.53 1.39 2.12 3 Ohio Aa1/AA+/AA+ 0.52 1.33 2.07 2.98 South Dakota NR/AA+/AA+ 0.54 1.38 2.12 3.02 Wisconsin Aa2/AA/AA 0.53 1.33 2.09 2.95

12/29/2015 12/22/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 5 $62,390 1 $9,000 $53,390 Indiana 0 0 0 0 0 Iowa 2 8,380 2 8,380 0 Michigan 8 70,855 5 49,000 21,855 Minnesota 20 415,925 14 343,195 72,730 Missouri 8 43,795 4 12,520 31,275 Nebraska 0 0 0 0 0 North Dakota 0 0 0 0 0 Ohio 0 0 0 0 0 South Dakota 0 0 0 0 0 Wisconsin 12 394,485 10 379,030 15,455

Government

Puerto Rico's economic activity index showed that the island's economy took a step backward in November.

Top-quality municipal bonds ended weaker on Tuesday, traders said, as yields on some maturities rose by as much as two basis points. Meanwhile, the primary market saw another quiet day, with no bond deals of over $1 million on the calendar.

With a fresh default on debt service looming, Lombard, Ill., wants bondholders to buy into a proposed restructuring of its $190 million of hotel/conference center debt.

The San Bernardino City Council appointed two interim city managers to serve consecutively as the city works to extract itself from bankruptcy.

Take a look back at BondBuyer.com's 10 most read articles of 2015.

The Treasury Department auctioned $35 billion of five-year notes, with a 1 3/4% coupon, a 1.785% high yield, a price of 99.833292.

"Our biggest issue is the issue price rules," Michael Decker, a managing director and co-head of municipal securities for the Securities Industry and Financial Markets Association, said when asked about the tax arena.

Top-quality municipal bonds made an about face and turned unchanged to weaker by mid-session, traders said, with yields on some maturities strengthening by as much as one basis point.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.170% high yield, a price of 99.986778.

California Treasurer John Chiang said he plans to meet investors around the country as he prepares to ratchet up the state's green bond issuance.

The biggest tax regulatory issue for municipal market participants in 2016 are the issue price rules and what changes the Treasury Department and Internal Revenue Service will make as they finalize them, dealer and issuer group representatives said in interviews about the coming year.

Gov. Tom Wolf's six-month emergency funding provision for Pennsylvania's school districts is good news for the bond markets, said a municipal credit analyst.

Texas service sector activity "increased again in December," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index climbed to 15.2 from 10.3.

Indicator Last Report Forecast Actual Consumer Confidence Nov.: 92.6 Dec.: 92.9 Dec.: 96.5