News and Information from Bond Buyer

Oregon Health and Science University will sell $100 Million of federally-taxable debt next week.

New Jersey Gov. Chris Christie has joined a crowded 2016 presidential race as the 14th Republican candidate and in his official announcement Tuesday morning highlighted financial leadership delivered in Trenton that he would bring to Washington, D.C.

Indiana is bringing $95 million of highly-rated taxable appropriation-backed bonds to market this week to finance an upgrade to the state's most popular sports facility, the Indianapolis Motor Speedway.

Connecticut's legislature after midnight approved a revised $40 billion biennial budget that rolled back some of the business taxes to which major corporations within the state had objected.

Municipal bonds were unchanged at mid-session in quiet trading, as the bulk of the week's paltry supply was being priced.

Standard & Poor's affirmed Build America Mutual's financial strength rating at double-A, with a stable outlook.

Puerto Rico's government is seeking several years of reduced debt service payments, according to the governor and his staff.

Moody's Investors Service said it has downgraded to A3 from A1 the rating on Fenton Area Public Schools, Mich.'s general obligation unlimited tax debt.

Cook County, Ill., Board President Toni Preckwinkle Tuesday formally proposed raising the sales tax to shore up the county's $6.5 billion pension shortfall, saying it's necessary because Springfield has refused to pass her reform proposal.

The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.015% high yield, a price of 99.998833.

RBC Capital Markets hired Greg Dawley as managing director and manager of municipal finance. Dawley will be based in RBC's Los Angeles office, where he will be covering RBC's California general government, and water and utilities sectors.

Muni experts expect outperformance by high credit-quality issues, a decline in refundings, troubled credits to dominate the headlines, and the Fed to raise rates in the second half of the year.

Texas service sector activity "improved in June," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index soared to 13.2 from 3.8.

Indicator Last Report Forecast Actual Chicago PMI May: 46.2 June: 50.1 June: 49.4 Consumer Confidence May: 94.6 June: 97.2 June: 101.4

Spending increases in New York City's $78.5 billion budget merit a good, hard look, according to a nonpartisan budget watchdog organization.

The consumer confidence index rose to 101.4 in May from a revised 94.6 last month, The Conference Board reported Tuesday.

Prices of Puerto Rico debt continued to fall on Tuesday, with commonwealth Series 2014A general obligation 8s of 2035 trading as low as 64.50 cents on the dollar, with a 13.028% high yield, according to the MSRB's EMMA website.

Mary A. Packer, president of PK Securities in Boca Raton, Fla., died May 25 at the age of 63.

The Chicago Purchasing Managers' Business Barometer rose to 49.4 in June from 46.2 in May, the National Association of Purchasing Management-Chicago said Tuesday.

The municipal bond market was waiting the bulk of the week's paltry supply to price on Tuesday as traders kept watch on muni yields, which fell sharply on Monday in the wake of Puerto Rico and Greece financial turmoil.