News and Information from Bond Buyer

Salt Lake City International Airport is preparing to issue $900 million of debt with the debt-free airport's first bond deal since 2004.

Guam had $763.3 million in revenue bonds dropped to junk, and then withdrawn, by Fitch Ratings based on the passage this summer of federal legislation aimed at rescuing Puerto Rico.

Gov. Andrew Cuomo's ceremony to tour a new Second Avenue subway line drew an overflow crowd to the station's mezzanine. So much for alleviating congestion.

States will have a modest increase in their capacity to issue private activity bonds in 2017, based on data from the Internal Revenue Service and the U.S. Census Bureau.

The University of Michigan's final December consumer sentiment index reading was 98.2, compared to the preliminary December 98.0, and the final November 93.8, according to market sources.

The majority of municipal market participants have already started their long holiday weekends. The market is open for an abbreviated trading session, with a 2 p.m. close on Friday.

Puerto Rico Gov. Alejandro García Padilla released more pessimistic figures for the next 10 years and said they were added evidence that a negotiated debt solution was impossible.

Tuesday, December 27 Issuer St Description Amount

Thursday, December 29 Issuer St Description Amount

Week Of January 3 Issuer St Description Amount

Dec. 23, 2016 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aa2/AA+/AA+ 1.12 2.18 2.88 3.65 California Aa3/AA-/AA- 0.99 1.93 2.67 3.47 Hawaii Aa1/AA+/AA 1.01 1.95 2.62 3.37 Idaho Aa1/AA+/AA+ 0.97 1.93 2.61 3.34 Montana Aa1/AA/AA+ 0.97 1.92 2.62 3.36 Nevada Aa2/AA/AA+ 1.02 1.99 2.69 3.43 Oregon Aa1/AA+/AA+ 1 1.89 2.53 3.27 Washington Aa1/AA+/AA+ 1.01 1.97 2.68 3.42 Wyoming NR/AAA/NR 0.97 1.89 2.53 3.25

12/22/2016 12/15/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 0 $0 $0 California 23 523265 27 587640 -64,375 Hawaii 0 0 0 0 0 Idaho 0 0 0 0 0 Montana 0 0 0 0 0 Nevada 0 0 0 0 0 Oregon 0 0 0 0 0 Washington 5 734780 6 738580 -3,800 Wyoming 1 90000 1 90000 0

MICHIGAN

COLORADO

Government

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased to 4.35% from 4.33% from the previous week.

Puerto Rico Governor-Elect Ricardo Rosselló appointed Christian Sobrino Vega as his chief economic advisor.

Top-shelf municipal bonds finished the day slightly stronger Thursday, as yields on some maturities were as much as one basis point lower, according to traders. The primary market is pretty much in shut-down mode right now as the holidays are right around the corner.

Multiple early initiatives will crowd Donald Trump's administration, Citi VP and former White House advisor Candi Wolff told Massachusetts investors.

New York State's $500 million automatic tolling initiative at Metropolitan Transportation Authority-operated bridges and tunnels is moving full speed ahead with a planned completion date set for the end of 2017, Gov. Andrew Cuomo announced Wednesday.