News and Information from Bond Buyer

The Treasury Department said it will auction $24 billion three-year notes on June 7.

The Treasury Department said Thursday it will auction $31 billion 91-day bills and $26 billion 182-day discount bills Monday.

Most households see housing as a good financial investment despite a slight drop in home price growth expectations, according to the Federal Reserve Bank of New York's Survey of Consumer Expectations Housing Survey.

Norton Rose Fulbright announced today that 18 members of Sidley Austin's public finance practice will be transferring to the firm as part of a change that includes opening a new San Francisco office.

Municipal bond traders are awaiting the last of this holiday-shortened week's supply to come to market on Thursday. Most of the big sales hit the screens on Wednesday but there are still a few sales of size left on the calendar.

New York City business activity "contracted at the fastest pace in seven years," as the current business conditions index fell to 37.2 in May from 57.0 in April, the Institute for Supply Management-New York's Report on Business index, released Thursday, indicated.

Indicator Last Report Forecast Actual ADP Employment April: +166,000 May: +200,000 May: +173,000 Initial Claims 5/21: 268,000 5/28: 268,000 5/28: 267,000 Continuing Claims 5/14: 2.160M 5/21: 2.140M 5/21: 2.172M

Private-sector employment increased by 173,000 in May, on a seasonally adjusted basis, ADP reported Thursday.

The European Central Bank announced its Governing Council held interest rates at its latest monetary policy meeting Thursday.

Jun. 2, 2016 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.62 1.15 1.76 2.58 Florida Aa1/AAA/AAA 0.61 1.15 1.78 2.57 Georgia Aaa/AAA/AAA 0.58 1.09 1.66 2.44 Kentucky Aa2/A+/AA+ 0.62 1.23 1.86 2.67 Louisiana Aa3/AA/AA 0.76 1.5 2.18 3 Mississippi Aa2/AA/AA+ 0.6 1.19 1.89 2.7 North Carolina Aaa/AAA/AAA 0.58 1.09 1.66 2.44 South Carolina Aaa/AA+/AAA 0.58 1.1 1.7 2.48 Tennessee Aaa/AA+/AAA 0.58 1.1 1.69 2.45 Virginia Aaa/AAA/AAA 0.57 1.08 1.65 2.43 West Virginia Aa1/AA+/AA+ 0.61 1.21 1.82 2.62

6/1/2016 5/25/2016 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 0 $0 1 $4,410 -4,410 Florida 5 448,465 3 542,835 -94,370 Georgia 8 1,403,440 4 1,350,000 53,440 Kentucky 7 122,825 12 137,490 -14,665 Louisiana 2 32,000 2 32,000 0 Mississippi 0 0 0 0 0 North Carolina 1 55,455 3 139,050 -83,595 South Carolina 0 0 0 0 0 Tennessee 1 67,965 1 9,220 58,745 Virginia 4 112,275 5 185,970 -73,695 West Virginia 0 0 0 0 0

Santa Cruz County

Thursday, June 2 Issuer St Description Amount

Week Of May 31 Issuer St Description Amount

Week Of May 31 Issuer St Description Amount

CONNECTICUT

MICHIGAN

Sources confirmed that Puerto Rico was paying at least $41.2 million of $99.5 million due on Wednesday.

Utica Community Schools in Macomb County, Michigan, suffered a three-notch downgrade as declining enrollment takes its toll on the district’s books.

Government