News and Information from Bond Buyer

Week Of December 14 Issuer St Description Amount

Week Of December 14 Issuer St Description Amount

Indicator Last Report Forecast Actual CPI Oct.: +0.2% Nov.: unch Nov.: unch CPI Core Oct.: +0.2% Nov.: +0.2% Nov.: +0.2% Empire State Manufacturing Nov.: -10.74 Dec.: -6.00 Dec.: -4.59 NAHB Housing Index Nov.: 62 Dec.: 63.0 Dec.: 61.0

Dec. 16, 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 3.65 4.54 Indiana Aaa/AAA/AA+ 0.5 1.32 2.07 2.96 Iowa Aaa/AAA/AAA 0.5 1.33 2.07 2.96 Michigan Aa2/AA/AA 0.54 1.39 2.18 3.09 Minnesota Aa1/AA+/AA+ 0.51 1.3 2 2.88 Missouri Aaa/AAA/AAA 0.5 1.25 1.96 2.85 Nebraska NR/AAA/NR 0.5 1.34 2.12 3.04 North Dakota Aa1/AA+/NR 0.53 1.39 2.15 3.04 Ohio Aa1/AA+/AA+ 0.52 1.34 2.11 3.02 South Dakota NR/AA+/AA+ 0.54 1.38 2.15 3.06 Wisconsin Aa2/AA/AA 0.53 1.33 2.12 2.99

FLORIDA

ALABAMA

12/15/2015 12/8/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 6 $66,765 10 $484,460 -$417,695 Indiana 4 21,735 12 435,785 -414,050 Iowa 2 8,380 4 22,125 -13,745 Michigan 2 92,785 3 49,585 43,200 Minnesota 14 338,735 25 372,380 -33,645 Missouri 3 62,980 7 177,580 -114,600 Nebraska 0 0 3 33,930 -33,930 North Dakota 1 9,025 2 11,445 -2,420 Ohio 5 176,425 13 450,895 -274,470 South Dakota 0 0 1 22,705 -22,705 Wisconsin 9 365,785 9 41,795 323,990

Government

New York State is receiving $75 million in grants to support 45 drinking water and wastewater infrastructure improvement projects, Gov. Andrew Cuomo announced Tuesday.

Alaska Gov. Bill Walker’s proposed budget would retool the state’s oil and gas tax credit system, cut hundreds of millions of spending, and impose an income tax.

Assured Guaranty’s chief executive officer is blasting the Treasury Department for pushing for bankruptcy protection for Puerto Rico, claiming the effort is blowing up utility authority negotiations with creditors and bondholders, as well as hurting the territory and alarming the municipal bond market.

Municipal bonds slipped lower as the last few new issues were taken in and digested, as investors await the decision of the Federal Reserve monetary policymakers, which will come on Wednesday. Muni yields closed higher at the close on Tuesday, according to traders, with yields on some maturities increased by as many as five basis points.

California's Daughters of Charity Health System has closed on a management agreement with a hedge fund that is designed to keep the hospital chain out of bankruptcy.

An Alabama court struck down a state law that would have allowed Jefferson County to return to the bond market.

The junk-rated Chicago Public Schools, on track to run out of cash next month, will add $120 million to its delayed $1 billion bond sale and dip into a new credit line for another $130 million.

North Carolina Gov. Pat McCrory wants local leaders to vote again in support of controversial P3 express lane project.

Long-term pressures continue to weigh on Detroit’s recovery, a year after the city emerged from bankruptcy with a healthier balance sheet.

New York City Comptroller Scott Stringer’s latest call for change in the city’s $163 billion pension-fund system is for divestiture from coal.

Municipal bonds slipped as the last few new issues hit screens ahead of a mini break tomorrow, as investors await the decision of the Federal Reserve's monetary policymakers.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.205% high yield, a price of 99.984056.