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From the left, North Carolina Budget Director Lee Roberts, Gov. Pat McCrory, and Transportation Secretary Tony Tata discuss the governor’s $3 billion GO bond program at Pitt Community College near Greenville on May 29.
North Carolina joined several states this week entering extended legislative sessions to finish work on budgets for fiscal 2016, which began July 1.
Amid talks of Puerto Rico’s looming debt crisis, two senators plan to introduce companion legislation to a bill that would allow Puerto Rico to grant Chapter 9 bankruptcy powers to troubled public entities on the economically distressed island.  more »
The Puerto Rico Electric Power Authority made the full $415 million bond payment due Wednesday, avoiding default, and promised to reach a comprehensive restructuring plan with its creditors by Sept. 1.  more »
Indiana is bringing $95 million of highly-rated taxable appropriation-backed bonds to market this week to finance an upgrade to the state's most popular sports facility, the Indianapolis Motor Speedway.  more »
Bond Buyer Markets Reporter Chip Barnett
Prices of top-rated municipal bonds finished weaker on Wednesday, according to traders, with yields on some maturities rising by as much as five basis points. There were no major deals on tap but traders were eying Puerto Rico developments -- and the clock, as the countdown toward the long holiday weekend began to tick.  more »
Amount
Issuer
St
Description
Sale Date
Sale Time
$800,000
Texas Trans Comm
TX
Revs
06/30/15
9am ET
$305,025
Metro Wash Airports
DC
Revs
06/30/15
9am ET
$167,690
Arizona
AZ
COPs
06/30/15
9am ET
$146,700
Jets Stadium
NJ
Revs
06/30/15
9am ET
$137,618
Northwest Ind School
IL
Revs
06/30/15
9am ET
Index
Current
Previous
High
Low
Rev. Bond
4.27%
4.26%
5.40%
4.06%
20-Bond
3.80%
3.79%
5.03%
3.29%
11-Bond
3.40%
3.39%
4.75%
3.14%
 
Current
Previous
High*
Low*
BB40 Index
122-03
121-06
132-15
107-01
Average Price
102.67
102.75
110.87
84.90
Yield to Par Call
4.27
4.26
6.35
3.31
Yield to Maturity
4.47
4.47
5.34
3.94

(* for calendar year)

Amount
Issuer
St
Description
Sale Date
Sale Time
$47,975
Middletown CSD
NY
BANs
07/01/15
11:30am ET
$19,180
Mexico CSD
NY
BANs
07/01/15
11am ET
$23,165
Guilderland CSD
NY
BANs
07/01/15
10:30am ET
$12,000
Baldwinsville CSD
NY
BANs
07/01/15
10:30am ET
$12,000
Malone CSD
NY
BANs
07/01/15
10am ET

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