News and Information from Bond Buyer

The results Thursday on an Illinois general obligation sale and a Chicago airport revenue-backed deal highlight the market’s diverse sentiments on the city and state’s paper and their respective security features.

New York’s Westchester County announced a public-private partnership for its municipal airport in White Plains, N.Y. designed to direct airport revenue to the county budget.

Officials celebrate return of Ontario International Airport to local control.

Kansas collected $12.7 million less revenue than anticipated in October, continuing a trend that has forced the state to reduce spending.

A lawsuit that threatens to invalidate the sole security for bonds issued by the Chilton County Health Care Authority in Alabama prompted Fitch Ratings to place debt’s AA-minus rating on watch negative.

Pennsylvania Treasurer Timothy Reese suspended Wells Fargo from investment and trading activities for one year in the aftermath of the bank’s fake-accounts scandal

Top-quality municipal bonds finished unchanged on Thursday, traders said, as three large deals from the Land of Lincoln dominated the new issue slate, led by the $1 billion deal for O’Hare International Airport.

Fitch Ratings said it has upgraded to AA-minus from A-plus the rating on the city of Atlanta's approximately $1.7 billion of senior-lien airport general revenue bonds issued on behalf of Hartsfield-Jackson Atlanta International Airport (ATL).

Bridgeport Mayor Joe Ganim joined Connecticut Comptroller Kevin Lembo to unveil an online portal that contains real-time city financial information.

Oregon voters will hand significant power over debt and investment policy to a new steward when they cast their votes for Treasurer next week.

Colorado Gov. John Hickenlooper wants to cut $191 million from state highway budget.

California voters will vote on 197 state and local bond measures Nov. 8, asking for almost $42 billion of general obligation bond authority.

The judge hearing all the debt lawsuits in Puerto Rico’s federal court ruled for a continued stay in three cases, saying the delay in litigation won’t hurt the investors’ interests.

Top-quality municipal bonds were unchanged at mid-session, traders said, as three large deals from the Land of Lincoln dominated the new issue slate, led off by the $1 billion deal for O'Hare International Airport.

The Treasury Department said it will auction $20 billion year bills on Nov. 8.

The Treasury Department said Thursday it will auction $42 billion 91-day bills and $36 billion 182-day discount bills Monday.

Indicator Last Report Forecast Actual Initial Claims 10/22: 258,000 10/29: 260,000 10/29: 265,000 Continuing Claims 10/15: 2.040M 10/22: 2.050M 10/22: 2.026M Productivity Q2: -0.2% Q3: +1.7% Q3: +3.1% Unit Labor Costs Q2: +3.9% Q3: +1.4% Q3: +0.3% Factory Orders Aug.: +0.4% Sept.: +0.2% Sept.: +0.3% ISM Non-Manufacturing PMI Sept.: 57.1 Oct.: 56.0 Oct.: 54.8

The U.S. services sector climbed in October as the non-manufacturing business activity composite index was 54.8 in the month, compared to 57.1 in September, on a seasonally adjusted basis, the Institute for Supply Management reported Thursday.

The municipal bond market turns its eyes toward the Midwest on Thursday as several large deals from the Land of Lincoln dominate the new issue slate, led off by the $1 billion deal from Chicago O'Hare International Airport.

Nov. 3, 2016 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.74 1.21 1.84 2.67 Florida Aa1/AAA/AAA 0.72 1.2 1.85 2.68 Georgia Aaa/AAA/AAA 0.7 1.14 1.74 2.55 Kentucky Aa2/A+/AA- 0.74 1.28 1.94 2.78 Louisiana Aa3/AA/AA 0.79 1.5 2.28 3.13 Mississippi Aa2/AA/AA 0.72 1.17 1.96 2.78 North Carolina Aaa/AAA/AAA 0.7 1.14 1.74 2.55 South Carolina Aaa/AA+/AAA 0.7 1.15 1.78 2.59 Tennessee Aaa/AA+/AAA 0.7 1.14 1.74 2.56 Virginia Aaa/AAA/AAA 0.69 1.13 1.73 2.54 West Virginia Aa1/AA-/AA 0.73 1.24 1.9 2.69