News and Information from Bond Buyer

Municipal bonds finished stronger on Wednesday, traders said, with yields on some top-quality maturities dropping by as much as one basis point.

Transportation Secretary Anthony Foxx said he expects Congress to agree on a multiyear highway bill by Christmas.

The Texas Water Development Board' $255 million bond issue for a reservoir on the Lower Colorado River is expected to bring savings of $18 million.

Texas could face the loss of as much as $1.1 billion per year in franchise tax revenue if a recent court ruling survives an appeal, Comptroller Glenn Hegar warned.

Christopher Brogdon, the retirement home financier who is facing Securities and Exchange Commission charges, has denied being liable for a particularly problematic deal in new filings with a federal court in Georgia.

Top-rated municipal bonds were stronger at mid-session, traders said, with yields on some maturities weaker by as much as one basis point.

The Treasury Department auctioned $29 billion of seven-year notes, with a 2% coupon and a 2.013% high yield, a price of 99.915516.

Illinois’ economic strengths and fiscal flexibility as a sovereign state won’t shield it from further credit erosion, which would move it closer to junk, Moody’s Investors Service said in a special commentary.

The Treasury Department said Wednesday it will auction $28 billion 91-day bills and $26 billion 182-day discount bills Monday.

Carol Kostik, co-winner of the Freda Johnson award from Northeast Women in Public Finance, has managed more than $90 billion of New York City debt over 10 years.

How New York’s MTA communicated amid Hurricane Sandy could provide a digital-age blueprint for any transit crisis.

The University of Michigan's final November consumer sentiment index reading was 93.1, compared to the preliminary November 93.1, and the final October 90.0, according to market sources.

Sales of new single-family homes soared 10.7% to a 495,000 seasonally adjusted annual rate in October, according to data released by the Commerce Department Wednesday.

Municipal bond traders are winding up the week as they look forward to Thursday's Thanksgiving holiday.

The Municipal Securities Rulemaking Board is working with the Securities and Exchange Commission’s Investor Advocate to identify areas in the muni market that could hurt retail investors.

Nov. 25, 2015 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 1.05 2.92 3.75 4.7 Indiana Aaa/AAA/AA+ 0.3 1.33 2.17 3.12 Iowa Aaa/AAA/AAA 0.3 1.34 2.17 3.12 Michigan Aa2/AA/AA 0.34 1.4 2.28 3.25 Minnesota Aa1/AA+/AA+ 0.31 1.31 2.1 3.04 Missouri Aaa/AAA/AAA 0.3 1.26 2.06 3.01 Nebraska NR/AAA/NR 0.31 1.34 2.14 3.1 North Dakota Aa1/AA+/NR 0.33 1.4 2.25 3.2 Ohio Aa1/AA+/AA+ 0.32 1.36 2.21 3.17 South Dakota NR/AA+/AA+ 0.34 1.39 2.25 3.22 Wisconsin Aa2/AA/AA 0.33 1.33 2.22 3.15

11/24/2015 11/17/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 7 $38,095 15 $513,145 -$475,050 Indiana 9 24,565 15 59,825 -35,260 Iowa 7 63,175 8 69,250 -6,075 Michigan 2 12,035 10 113,005 -100,970 Minnesota 23 420,110 21 171,920 248,190 Missouri 5 284,985 9 184,335 100,650 Nebraska 0 0 1 179,400 -179,400 North Dakota 1 10,220 1 10,220 0 Ohio 4 231,140 8 45,310 185,830 South Dakota 0 0 0 0 0 Wisconsin 12 119,060 22 476,215 -357,155

Monday, November 30 Issuer St Description Amount

Monday, November 30 Issuer St Description Amount