News and Information from Bond Buyer

Labor market conditions were "little changed in May, while momentum increased," as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) decreased to 0.056 in April from a revised 0.060 in April, first reported as 0.050, according to the Bank.

Indicator Last Report Forecast Actual Initial Claims 5/28: 268,000 6/4: 270,000 6/4: 264,000 Continuing Claims 5/21: 2.172M 5/28: 2.173M 5/28: 2.095M Wholesale Inventories March: +0.2% April: +0.1% April: +0.6% Wholesale Sales March: +0.6% April: +0.8% April: +1.0%

The full House is expected to vote today on a bill designed to help Puerto Rico after the House Rules Committee set the table for the bill's consideration during a lengthy hearing that stretched into Wednesday night.

Municipal bond traders will be eying record low long-term rates on Thursday as the last of the week's larger deals come to market.

Political gridlock in Illinois spurred two downgrades and a watch for the state’s already tarnished bond ratings as its bill backlog balloons and red ink swells with no end in sight to a year-old budget stalemate.

Jun. 9, 2016 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.62 1.11 1.71 2.49 Florida Aa1/AAA/AAA 0.61 1.11 1.73 2.48 Georgia Aaa/AAA/AAA 0.58 1.05 1.61 2.35 Kentucky Aa2/A+/AA+ 0.62 1.19 1.81 2.58 Louisiana Aa3/AA/AA 0.76 1.46 2.14 2.91 Mississippi Aa2/AA/AA+ 0.6 1.15 1.84 2.61 North Carolina Aaa/AAA/AAA 0.58 1.05 1.61 2.35 South Carolina Aaa/AA+/AAA 0.58 1.06 1.65 2.39 Tennessee Aaa/AA+/AAA 0.58 1.06 1.64 2.36 Virginia Aaa/AAA/AAA 0.57 1.04 1.6 2.34 West Virginia Aa1/AA+/AA+ 0.61 1.17 1.77 2.53

6/8/2016 6/1/2016 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 5 $183,545 0 $0 183,545 Florida 8 704,275 5 448,465 255,810 Georgia 0 0 8 1,403,440 -1,403,440 Kentucky 7 132,365 7 122,825 9,540 Louisiana 3 42,825 2 32,000 10,825 Mississippi 0 0 0 0 0 North Carolina 1 111,610 1 55,455 56,155 South Carolina 1 9,640 0 0 9,640 Tennessee 2 77,965 1 67,965 10,000 Virginia 1 90,105 4 112,275 -22,170 West Virginia 1 11,305 0 0 11,305

Thursday, June 9 Issuer St Description Amount

Thursday, June 9 Issuer St Description Amount

Week Of June 6 Issuer St Description Amount

Week Of June 6 Issuer St Description Amount

ARIZONA

ARIZONA

The Government Finance Officers Association has released a five-page primer on municipal advisor rules that should be entitled, “Everything you need to know about these rules and how they affect issuers.”

Government

In better financial health, Inkster, Mich., will earn its release from a state-mandated emergency consent agreement by the end of the month.

New York City Mayor Bill de Blasio announced on Wednesday that he and the City Council had reached agreement on a final $82.1 billion budget for Fiscal 2017, the earliest the two sides had approved a fiscal plan in 15 years.

Long-term yields on top-rated municipal bonds continued their record breaking decline, according to Municipal Market Data on Wednesday, as the 30-year general obligation fell to another new low. In the primary, the Bank of America Merrill Lynch won the state of Maryland’s $1 billion of top-quality general obligation bonds.

Nassau Regional Off-Track Betting Corp. is selling its Farmingdale, N.Y. branch to pay debt service for revenue anticipation notes it defaulted on in March.

Former Illinois capital markets director John Sinsheimer has launched a financial consulting business geared toward helping organizations align their financial resources with their strategic plans.