News and Information from Bond Buyer

The North Carolina Council of State Tuesday approved issuing $200 million of the $2 billion in general obligation bonds that voters approved in March; the deal will be sold in late July.

Chicago-based Presence Health received a Moody’s Investors Service downgrade that leaves it on the lowest rung of investment grade..

BlackRock’s municipal group said that although June may present some headwinds, any pullback in the market could be seen as restoring value and presenting a buying opportunity.

Construction of Maryland's Purple Line P3 rail project will be financed with PABs and a low-interest TIFIA loan.

Although credit quality has stabilized since the Great Recession, pension liabilities threaten municipalities with reduced revenue supply and growing expenses.

The Treasury Department auctioned $20 billion of 9-year 11-month notes with a 1 5/8% coupon at a 1.702% high yield, a price of 99.299186.

The UCLA Anderson Forecast revised its expectations for both California and the national economy downward.

Long-term yields on top-rated municipal bonds continued to hover near all-time lows at mid-session, according to a read of Municipal Market Data's triple-A benchmark scale.

Louisiana Gov. John Bel Edwards opened the state's third legislative session Tuesday urging lawmakers to resume work on a budget for 2017 that 'no one likes' in order to prevent severe cuts to critical state services.

Lower gross domestic product growth and higher unemployment are predicted by participants in the Federal Reserve Bank of Philadelphia's June Livingston Survey, released Wednesday.

Patrick Marr will become chief of staff at Rhode Island Treasury, General Treasurer Seth Magaziner announced.

Municipal bond traders are set to see more supply hit the market on Wednesday as long-term muni yields sit at record low levels.

Massachusetts does not expect to draw on the state's rainy-day budget to fill a $311 million revenue gap for fiscal 2016, a budget official tells investors.

Jun. 8, 2016 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois Baa1/A+/BBB+ 1.45 2.71 3.37 4.1 Indiana Aaa/AAA/AA+ 0.6 1.12 1.74 2.52 Iowa Aaa/AAA/AAA 0.6 1.11 1.74 2.52 Michigan Aa1/AA+/AA 0.64 1.17 1.81 2.62 Minnesota Aa1/AA+/AA+ 0.61 1.08 1.66 2.41 Missouri Aaa/AAA/AAA 0.6 1.05 1.63 2.41 Nebraska NR/AAA/NR 0.6 1.14 1.79 2.6 North Dakota Aa1/AA+/NR 0.63 1.18 1.82 2.6 Ohio Aa1/AA+/AA+ 0.62 1.14 1.76 2.55 South Dakota NR/AA+/AA+ 0.62 1.14 1.82 2.62 Wisconsin Aa2/AA/AA 0.62 1.13 1.76 2.52

6/7/2016 5/31/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 13 $589,485 6 $263,055 $326,430 Indiana 9 315,150 5 69,495 245,655 Iowa 6 66,215 8 78,780 -12,565 Michigan 29 470,115 27 440,805 29,310 Minnesota 44 330,683 34 254,718 75,965 Missouri 4 28,120 1 9,775 18,345 Nebraska 0 0 0 0 0 North Dakota 3 30,485 4 58,030 -27,545 Ohio 5 100,015 5 90,927 9,088 South Dakota 1 15,455 0 0 15,455 Wisconsin 31 375,985 20 114,395 261,590

Wednesday, June 8 Issuer St Description Amount

Wednesday, June 8 Issuer St Description Amount

Week Of June 6 Issuer St Description Amount

Week Of June 6 Issuer St Description Amount