News and Information from Bond Buyer

Denver International Airport is negotiating with an international P3 group for renovation of its passenger terminal.

Southern Illinois University took a second rating hit over the strain of managing through the state’s prolonged budget gridlock.

Puerto Rico hasn't made an allotment for debt service seven days into the current fiscal year.

Puerto Rico's chief financial officer, Melba Acosta Febo, is ending her service to the commonwealth July 31.

New York City failed to collect nearly $60 million in revenue over six years thanks to improper tax breaks to dead people and corporations, said Comptroller Scott Stringer.

Top-quality municipal bonds weakened at mid-session, according to traders, as yields increased by as much as two basis points from record low levels.

New Jersey Gov. Chris Christie’s office has announced the $3.5 billion of road and rail projects funded by the expired Transportation Trust Fund that will grind to a halt Friday at midnight.

S&P Global Ratings said it has downgraded the commonwealth of Puerto Rico's general obligation secured debt to D (default) from CC following the commonwealth's default on debt service due July 1.

The two California cities that have done the most to challenge public employee pensions say court challenges have not daunted their efforts to shrink employee benefits to match revenues.

The Treasury Department said it will auction $12 billion 29-year 10-month 2-1/2% bonds on July 13.

The Treasury Department said it will auction $20 billion 9-year 10-month 1 5/8% notes on July 12.

The Treasury Department said it will auction $24 billion three-year notes on July 11.

The Treasury Department said Thursday it will auction $37 billion 91-day bills and $32 billion 182-day discount bills Monday.

Tennessee, Florida, Arkansas, and Michigan have shown significant improvement in economic health over the past year, while some stronger states have been underperforming.

Competitive bond sales from issuers in South Carolina and Florida will dominate Thursday's supply slate as municipal bond traders will be watching yields, which are at or near record lows.

Indicator Last Report Forecast Actual Initial Claims 6/25: 270,000 7/2: 270,000 7/2: 254,000 Continuing Claims 6/17: 2.168M 6/25: n/a 6/25: 2.124M

Private-sector employment increased by 172,000 in June, on a seasonally adjusted basis, ADP reported Thursday.

Jul. 7, 2016 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.56 0.93 1.4 2.07 Florida Aa1/AAA/AAA 0.53 0.94 1.4 2.06 Georgia Aaa/AAA/AAA 0.52 0.87 1.3 1.93 Kentucky Aa2/A+/AA+ 0.56 1.01 1.5 2.16 Louisiana Aa3/AA/AA 0.7 1.28 1.79 2.48 Mississippi Aa2/AA/AA+ 0.54 0.97 1.53 2.19 North Carolina Aaa/AAA/AAA 0.52 0.87 1.3 1.93 South Carolina Aaa/AA+/AAA 0.53 0.89 1.34 1.97 Tennessee Aaa/AA+/AAA 0.52 0.88 1.33 1.94 Virginia Aaa/AAA/AAA 0.51 0.86 1.29 1.92 West Virginia Aa1/AA+/AA+ 0.55 0.99 1.46 2.11

7/6/2016 6/29/2016 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 0 $0 0 $0 0 Florida 5 535,155 9 531,205 3,950 Georgia 0 0 2 19,020 -19,020 Kentucky 6 46,330 1 19,450 26,880 Louisiana 5 23,920 0 0 23,920 Mississippi 4 34,930 1 22,500 12,430 North Carolina 1 513,990 2 31,605 482,385 South Carolina 2 206,010 8 1,112,755 -906,745 Tennessee 8 134,525 2 14,925 119,600 Virginia 0 0 1 48,910 -48,910 West Virginia 0 0 0 0 0

Thursday, July 7 Issuer St Description Amount