The Treasury Department said it will auction $32 billion three-year notes on July 9.
The notes are dated July 15 and due July 15, 2016.
To keep up with anticipated passenger growth, Phoenix Sky Harbor International Airport plans to build an additional terminal.
The ASCE in a report analyzing future infrastructure needs says it will take a mix of public and private funds to narrow the funding gap.
With the market "hungry" for high-yield bonds, declining cigarette sales have not had as much of an impact "as maybe it should or could in the future," said John Miller, head and chief investment officer of First Eagle's High Yield Municipal Credit team.
Along with tax cuts and school funding increases, lawmakers created passenger rail funding streams and paved the way for a historic hotel's bond-financed purchase.
The muni market improvement has the asset class seeing gains of 1.08% so far in May, as year-to-date returns inch closer to "positive territory," said Jason Wong, vice president of municipals at AmeriVet Securities.
Argument continues over how much PREPA will be able to pay bondholders.