News and Information from Bond Buyer

Pending home sales decreased 1.8% to an index reading of 110.3 in June, after a revised 0.6% increase to 112.3 in May, according to a report released Wednesday by the National Association of Realtors.

The Municipal Securities Rulemaking Board plans later this year to propose changes to Rules G-37, on political contributions, and G-20, on gifts and gratuities, to extend these dealer rules to municipal advisors, the executive director said on Tuesday.

Municipal bond traders were awaiting more supply in the primary market while they stayed on Fed watch as the Federal Open Market Committee meets to discuss monetary policy.

Jul. 29, 2015 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 1.28 3.07 4.05 4.87 Indiana Aaa/AAA/AA+ 0.28 1.33 2.3 3.24 Iowa Aaa/AAA/AAA 0.28 1.34 2.3 3.24 Michigan Aa2/AA/AA 0.34 1.41 2.43 3.39 Minnesota Aa1/AA+/AA+ 0.29 1.3 2.23 3.13 Missouri Aaa/AAA/AAA 0.28 1.28 2.21 3.15 Nebraska NR/AAA/NR 0.28 1.35 2.35 3.32 North Dakota Aa1/AA+/NR 0.31 1.4 2.38 3.32 Ohio Aa1/AA+/AA+ 0.3 1.34 2.36 3.32 South Dakota NR/AA+/AA+ 0.32 1.39 2.38 3.34 Wisconsin Aa2/AA/AA 0.31 1.35 2.35 3.32

7/28/2015 7/21/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 8 $153,630 8 $110,465 43,165 Indiana 4 25,635 5 110,860 -85,225 Iowa 7 64,090 4 55,295 8,795 Michigan 5 1,020,880 7 1,078,620 -57,740 Minnesota 29 1,359,810 21 87,525 1,272,285 Missouri 2 5,570 5 47,790 -42,220 Nebraska 0 0 1 7,500 -7,500 North Dakota 7 88,290 3 42,885 45,405 Ohio 16 732,070 11 244,000 488,070 South Dakota 0 0 0 0 0 Wisconsin 18 69,415 19 90,670 -21,255

Wednesday, July 29 Issuer St Description Amount

Wednesday, July 29 Issuer St Description Amount

Week Of July 27 Issuer St Description Amount

Week Of July 27 Issuer St Description Amount

ARKANSAS

ALABAMA

Cities and states should manage their money with caution even amid improving conditions, New York City Comptroller Scott Stringer told investors and public officials.

Puerto Rico Electric Power Authority moved a step closer Tuesday to cutting costs through the use of natural gas rather than oil for electricity production, as a Federal regulator authorized marine terminal off of Aguirre.

Chicago officials warned state lawmakers that Gov. Bruce Rauner’s sweeping statewide pension proposal offers Chicago Public Schools only a temporary salve.

Government

Detroit is set to hit the market on August 19 with its first public bond sale since exiting the largest municipal bankruptcy in the U.S.

Prices of top-shelf municipal bonds finished weaker on Tuesday, traders said, with yields on some maturities strengthening by as much as two basis points. In the primary market, New York City’s general obligation bonds were priced for retail investors as several large competitive offerings were sold.

Jefferson County, Ala., residents appealing the county’s bankruptcy settlement are challenging a state law designed to provide the cash-strapped county with new revenue for capital.

Leaders and politicians of Puerto Rican descent on Tuesday called on President Obama to help negotiate a fair debt deal with the island’s creditors and explore a Federal Reserve loan.

Cook County, Ill.'s president won't support Gov. Bruce Rauner's pension reforms even though they give the cash-strapped county many of the reforms it wants, because it would also mean supporting the governor's anti-union measures.