News and Information from Bond Buyer

About 53% of open end mutual funds have exposure to some type of Puerto Rico debt, down from almost 70% in 2014, according to Morningstar Inc.

Moody's Investors Service said it has downgraded Miami-Dade County, Fla.'s solid waste system revenue bonds rating to A3 from A2.

The Treasury Department said Thursday it will auction $24 billion 91-day bills and $24 billion 182-day discount bills Monday.

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

The Treasury Department said it will auction $21 billion 9-year, 10-month 2 1/8% notes on July 8.

The Treasury Department said it will auction $13 billion 29-year, 01-month 3% bonds on July 9.

Fixed Income Academy and The Bond Buyer have announced two winners in their "Back to Basics" scholarship contest.

Standard & Poor's Ratings Services said it has lowered its long-term and underlying ratings on Puerto Rico Electric Power Authority's (PREPA) electric revenue bonds to CC from CCC-minus.

New orders for manufactured goods decreased 1.0% in May, after falling a revised 0.7% in April, first reported as a 0.4% decrease, the Commerce Department reported Thursday.

The municipal bond market is gearing up to take off as the three-day holiday weekend looms large. The bond and stock markets are closed on Friday in observance of the Independence Day holiday. Trading will resume on Monday.

New York City business activity "accelerated" in June, as the current business conditions index increased to 63.1, from 54.0 in May, the Institute for Supply Management-New York's Report on Business index, released Thursday, indicated.

Leaders of New York's Suffolk County are pitching a $300 million Long Island Innovation Zone to enhance the region's transportation network and create economic development.

U.S. inflationary pressures were down in June, as the U.S. future inflation gauge fell to 100.5 from an unrevised May 101.3 reading, according to data released Thursday morning by the Economic Cycle Research Institute.

New York City officials deem a social impact bond program that fell short of its desired outcome to be successful because it allowed them to try something new at no cost to taxpayers.

Monday, July 6 Issuer St Description Amount

Thursday, July 2 Issuer St Description Amount

Jul. 2, 2015 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.31 1.43 2.35 3.38 Florida Aa1/AAA/AAA 0.35 1.47 2.42 3.44 Georgia Aaa/AAA/AAA 0.31 1.38 2.28 3.27 Kentucky Aa2/AA+/AA+ 0.35 1.52 2.48 3.5 Louisiana Aa2/AA/AA 0.44 1.76 2.77 3.76 Mississippi Aa2/AA/AA+ 0.35 1.51 2.51 3.5 North Carolina Aaa/AAA/AAA 0.31 1.38 2.28 3.28 South Carolina Aaa/AA+/AAA 0.31 1.4 2.31 3.31 Tennessee Aaa/AA+/AAA 0.31 1.39 2.31 3.3 Virginia Aaa/AAA/AAA 0.3 1.37 2.27 3.27 West Virginia Aa1/AA/AA+ 0.35 1.47 2.41 3.43

CALIFORNIA

7/1/2015 6/24/2015 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 2 $30,405 1 $3,355 27,050 Florida 14 1,116,070 10 1,283,695 -167,625 Georgia 5 173,980 2 49,050 124,930 Kentucky 1 5,370 3 123,885 -118,515 Louisiana 4 140,400 4 144,200 -3,800 Mississippi 0 0 0 0 0 North Carolina 0 0 2 50,970 -50,970 South Carolina 1 65,745 3 43,995 21,750 Tennessee 1 9,800 1 5,000 4,800 Virginia 4 262,080 4 336,450 -74,370 West Virginia 0 0 1 5,105 -5,105

Week Of July 6 Issuer St Description Amount