News and Information from Bond Buyer

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Jul. 19, 2016 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.56 0.92 1.48 2.15 Florida Aa1/AAA/AAA 0.54 0.95 1.53 2.14 Georgia Aaa/AAA/AAA 0.52 0.86 1.38 2.01 Kentucky Aa2/A+/AA+ 0.56 1 1.58 2.24 Louisiana Aa3/AA/AA 0.7 1.27 1.87 2.56 Mississippi Aa2/AA/AA 0.54 0.96 1.61 2.27 North Carolina Aaa/AAA/AAA 0.52 0.86 1.38 2.01 South Carolina Aaa/AA+/AAA 0.53 0.88 1.42 2.05 Tennessee Aaa/AA+/AAA 0.52 0.88 1.41 2.02 Virginia Aaa/AAA/AAA 0.51 0.85 1.37 2 West Virginia Aa1/AA+/AA+ 0.55 0.98 1.54 2.19

7/13/2016 7/6/2016 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 1 $8,210 0 $0 8,210 Florida 5 589,610 5 535,155 54,455 Georgia 3 77,420 0 0 77,420 Kentucky 4 24,710 6 46,330 -21,620 Louisiana 2 13,120 5 23,920 -10,800 Mississippi 2 18,750 4 34,930 -16,180 North Carolina 1 513,990 1 513,990 0 South Carolina 0 0 2 206,010 -206,010 Tennessee 2 7,490 8 134,525 -127,035 Virginia 2 75,660 0 0 75,660 West Virginia 2 74,240 0 0 74,240

Government

Philadelphia City Controller Alan Butkovitz has recommended that the Pennsylvania Intergovernmental Cooperation Authority (PICA) accept the city's five-year budget plan while also warning against potential litigation from a new sugary drink tax.

Virginia Gov. Terry McAuliffe has become chair of the National Governors Association for 2016-17, the group announced this weekend.

Pittsburgh-based PNC Capital Markets has hired veteran Ohio-based banker Mark Fisher to lead its efforts there as it eyes further expansion and amplifies it pitch on bank products available to municipal clients.

Dougherty & Co. was hit with the largest Financial Industry Regulatory Authority fine of its kind in recent years after the firm agreed to pay $50,000 for serving as an underwriter for 54 issuers with which it had ongoing "blanket" financial advisory agreements.

Top quality municipal bonds finished steady to weaker on Monday, according to traders, who returned to work to see a week of varied new issues lined up on the calendar.

Increased federal funding for freight-related infrastructure is a credit positive for U.S. ports, Moody's says.

Mississippi absorbed a downgrade from Fitch Ratings, which cited weaker-than-expected .performance and criteria changes in lowering its issuer default and general obligation ratings one notch to AA.

California tax revenue missed projections by $708 million in fiscal 2016, the state Department of Finance announced.

A repeal of the tax exemption for municipal bonds would cost state and local governments an additional $495 billion in interest over a ten-year period, Bond Dealers of America told Congress recently.

The Municipal Securities Rulemaking Board is providing some new information about muni trades on its Electronic Municipal Market Access (EMMA) system.

Jersey City, N.J., has granted a 30-year tax break to jump-start part of an expansion to New Jersey City University.

Junk-rated Chicago Public Schools is using risky assumptions in its efforts to erase a $1 billion deficit, S&P Global Ratings said as it extended its CreditWatch on the district.

Top quality municipal bonds were steady at mid-session, according to traders, who returned to work to see a week of varied new issues lined up on the calendar.

The Puerto Rico rescue bill sets the stage for a control board that some say may be ill suited to solving the island's unprecedented crisis.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.320% high rate, up from 0310% the prior week, and the six-months incurred a 0.430% high rate, up from 0.390% the week before.