News and Information from Bond Buyer

Infrastructure needs, pension funding and health-care benefits are most constraining to municipal budgets in 2015, the National League of Cities said in its annual survey on fiscal conditions.

The House and Senate approved a measure on Wednesday that would avert a federal government shutdown and fund federal departments and programs through Dec. 11.

The Securities and Exchange Commission ordered 22 municipal securities underwriting firms to pay $4.12 million in civil penalties in the second round of what some lawyers said on Wednesday will be three total rounds of underwriter settlements under the commission’s Municipalities Continuing Disclosure Cooperation initiative.

Indicator Last Report Forecast Actual ADP Employment Report Aug.: +186,000 Sept.: +195,000 Sept.: +200,000 Chicago PMI Aug.: 54.4 Sept.: 53.0 Sept.: 48.7

About 5,280,200 online job postings appeared on leading Internet job boards in September, a decrease of 138,500 from August, the Conference Board reported Wednesday.

The Chicago Purchasing Managers’ Business Barometer dropped to 48.7 in September from 54.4 in August, the National Association of Purchasing Management-Chicago said Wednesday.

Municipal bond traders were braced for a large slate of bond issues coming to market on Wednesday, topped by four big competitive sales from Washington state totaling about $945 million.

Sniping between Democratic Gov. Tom Wolf and Pennsylvania’s GOP-controlled legislature resumed after Wolf predictably vetoed an $11.2 billion stopgap budget.

The seasonally adjusted Milwaukee Report on Business slumped to 39.4 in September from 47.7 in August, the Institute for Supply Management-Milwaukee reported Wednesday.

The Midwest Economy Index slipped to negative 0.12 in July from an upwardly revised negative 0.11 in July, first reported as negative 0.12, the Federal Reserve Bank of Chicago said Monday.

Private-sector employment increased by 200,000 in September, on a seasonally adjusted basis, ADP reported Wednesday.

Indicator Last Report Forecast Actual Consumer Confidence Aug.: 101.5 Sept.: 96.0 Sept.: 103.0

Sep. 30, 2015 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 0.98 3.13 4.06 5.02 Indiana Aaa/AAA/AA+ 0.23 1.36 2.18 3.19 Iowa Aaa/AAA/AAA 0.23 1.37 2.18 3.19 Michigan Aa2/AA/AA 0.29 1.45 2.31 3.34 Minnesota Aa1/AA+/AA+ 0.24 1.35 2.12 3.11 Missouri Aaa/AAA/AAA 0.23 1.31 2.09 3.1 Nebraska NR/AAA/NR 0.23 1.38 2.23 3.27 North Dakota Aa1/AA+/NR 0.26 1.43 2.26 3.27 Ohio Aa1/AA+/AA+ 0.25 1.4 2.23 3.26 South Dakota NR/AA+/AA+ 0.27 1.42 2.26 3.29 Wisconsin Aa2/AA/AA 0.27 1.42 2.23 3.22

9/29/2015 9/22/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 18 $2,287,270 13 $261,900 $2,025,370 Indiana 9 28,575 5 36,035 -7,460 Iowa 5 18,925 6 25,470 -6,545 Michigan 5 21,670 12 651,710 -630,040 Minnesota 31 349,325 22 210,770 138,555 Missouri 3 68,875 2 59,710 9,165 Nebraska 0 0 0 0 0 North Dakota 1 9,995 0 0 9,995 Ohio 9 188,360 12 246,185 -57,825 South Dakota 1 14,140 1 14,140 0 Wisconsin 9 137,635 13 172,650 -35,015

Wednesday, September 30 Issuer St Description Amount

Wednesday, September 30 Issuer St Description Amount

Wednesday, September 30 Issuer St Description Amount

Week Of September 28 Issuer St Description Amount

ILLINOIS

FLORIDA