News and Information from Bond Buyer

National Public Finance Guarantee made a second key hire in as many months, announcing that Thomas Metzold will be starting at the municipal bond insurer on Aug. 3 after retiring from Eaton Vance.

The municipal bond market was set to see more supply hit the primary market, ahead of the Federal Open Market Committee's monetary policy statement on Wednesday afternoon.

Wednesday, June 17 Issuer St Description Amount

Wednesday, June 17 Issuer St Description Amount

Week Of June 22 Issuer St Description Amount

Week Of June 15 Issuer St Description Amount

Indicator Last Report Forecast Actual Housing Starts April: 1.135M May: 1.100M May: 1.036M Building Permits April: 1.143M May: 1.100M May: 1.275M

ALABAMA

CALIFORNIA

Jun. 17, 2015 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 1.54 3.31 4.16 5.04 Indiana Aaa/AAA/AA+ 0.29 1.55 2.43 3.41 Iowa Aaa/AAA/AAA 0.29 1.56 2.43 3.41 Michigan Aa2/AA/AA 0.35 1.66 2.59 3.59 Minnesota Aa1/AA+/AA+ 0.3 1.55 2.37 3.32 Missouri Aaa/AAA/AAA 0.29 1.5 2.34 3.32 Nebraska NR/AAA/NR 0.29 1.57 2.48 3.49 North Dakota Aa1/AA+/NR 0.32 1.62 2.51 3.49 Ohio Aa1/AA+/AA+ 0.32 1.6 2.49 3.49 South Dakota NR/AA+/AA+ 0.33 1.61 2.51 3.51 Wisconsin Aa2/AA/AA 0.32 1.57 2.5 3.49

6/16/2015 6/9/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 18 $226,860 13 $228,285 $1,425 Indiana 14 180,650 16 158,710 21,940 Iowa 6 25,065 11 47,455 -22,390 Michigan 13 463,775 23 317,140 146,635 Minnesota 30 718,505 32 549,050 169,455 Missouri 7 88,040 5 43,185 44,855 Nebraska 1 47,645 0 0 47,645 North Dakota 1 7,025 6 98,435 -91,410 Ohio 5 138,285 5 279,995 -141,710 South Dakota 1 10,900 0 0 10,900 Wisconsin 29 347,285 29 244,515 102,770

Government

The Bob Hope Airport in Burbank plans to sell a 59-acre parcel upon which a replacement terminal was originally proposed.

Moody’s Investors Service downgraded Hayward Unified School District bonds one notch and assigned a negative outlook; Standard & Poor’s assigned a negative outlook.

New Jersey's tax revenue is down 10% since receipts began to plummet from the 2008 recession, according to new report from Pew Charitable Trusts.

North Carolina reached agreement with conservation groups June 15 that will allow the state to replace the 50-year-old deteriorating Bonner Bridge.

All of Puerto Rico Electric Power Authority’s stakeholders must make financial contributions to restore PREPA to financial stability, the authority’s chief restructuring officer Lisa Donahue told lawmakers Tuesday.

A bill introduced in the House on Monday by Rep. Jason Chaffetz, R-Utah, that would authorize states to require out-of-state online retailers to collect their sales taxes is drawing praise from state and local government and retail groups.

Illinois Gov. Bruce Rauner is turning to a television advertising campaign in an attempt to build public support for his position in a budget impasse with the General Assembly’s Democratic majority.

Prices of top-rated municipal bonds finished higher on Tuesday, traders said, as yields on some maturities fell by as much as four basis points.