News and Information from Bond Buyer

Top-rated municipal bonds were weaker at mid-session, traders said, as the last deals of the week came to market while Britain voted on a referendum on whether to keep or renounce its membership in the European Union.

The University of California, Merced, is closing in on formal execution of a $1.1 billion public-private partnership to nearly double the physical capacity of the campus by 2020.

The pace of new single-family home sales swung lower in May to a 551,000 seasonally adjusted annual rate, slightly below the 560,000 rate expected, data released by the Commerce Department Thursday showed.

A few big deals were still left to be priced for Thursday, but most municipal bond market participants were wait to see the results of the referendum vote on Britain's membership in the European Union.

Indicator Last Report Forecast Actual Existing Home Sales April: +5.45M May: +5.54M May: +5.53M

Jun. 23, 2016 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.62 1.04 1.59 2.32 Florida Aa1/AAA/AAA 0.61 1.05 1.6 2.31 Georgia Aaa/AAA/AAA 0.58 0.98 1.49 2.18 Kentucky Aa2/A+/AA+ 0.62 1.12 1.69 2.41 Louisiana Aa3/AA/AA 0.76 1.39 1.98 2.73 Mississippi Aa2/AA/AA+ 0.6 1.08 1.72 2.44 North Carolina Aaa/AAA/AAA 0.58 0.98 1.49 2.18 South Carolina Aaa/AA+/AAA 0.58 0.99 1.53 2.22 Tennessee Aaa/AA+/AAA 0.58 0.99 1.52 2.19 Virginia Aaa/AAA/AAA 0.57 0.97 1.48 2.17 West Virginia Aa1/AA+/AA+ 0.61 1.1 1.65 2.36

6/22/2016 6/15/2016 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 2 $76,160 1 $12,070 64,090 Florida 7 637,480 5 279,005 358,475 Georgia 0 0 0 0 0 Kentucky 4 78,330 7 135,205 -56,875 Louisiana 0 0 2 32,000 -32,000 Mississippi 2 22,585 0 0 22,585 North Carolina 0 0 1 28,215 -28,215 South Carolina 2 35,620 1 10,695 24,925 Tennessee 2 118,270 2 13,475 104,795 Virginia 2 37,000 3 322,350 -285,350 West Virginia 0 0 0 0 0

Thursday, June 23 Issuer St Description Amount

Thursday, June 23 Issuer St Description Amount

Week Of June 20 Issuer St Description Amount

Week Of June 20 Issuer St Description Amount

ALABAMA

ALASKA

Government

Fitch Ratings has assigned an 'A' rating to the following bonds issued on behalf of Stockton University.

The Treasury Department Thursday sold $7 billion of inflation-indexed 29-year, 8-month bonds at a 0.905% yield, an adjusted price of 103.449203, with a 1% coupon.

The Treasury Department auctioned $28 billion of seven-year notes, with a 1 3/8% coupon and a 1.497% high yield, a price of 99.192087.

The Treasury Department Wednesday auctioned $13 billion of one-year 10-month floating rate notes with a high discount margin of 0.188%, at a 0.190% spread, a price of 100.003698.

Top-rated municipal bonds finished steady to weaker on Wednesday, according to traders, as the week’s second wave of new issuance swept over the market. In the primary, Morgan Stanley priced an upsized issue for the New York Metropolitan Transportation Authority.