News and Information from Bond Buyer

Idaho officials reassured investors about uncertainty surrounding federal funding for the state's multi-year highway construction program in a net road show ahead of the state's plans to price $157.5 million in grant and revenue anticipation refunding bonds on June 15.

Sponsors say a newly introduced measure to slash the federal gasoline tax would give the states flexibility in transportation funding.

Los Angeles officials unveiled the results of a three-year, $230 million renovation of Los Angeles International Airport’s Terminal 5 June 10.

Many utilities in Florida’s exhibit strong financial performance though funding challenges lie ahead in replacing aged infrastructure and dealing with climate change, according to Fitch Ratings.

Budget friction lingers in Connecticut, where fallout includes threats by GE and Aetna to relocate over business tax hikes.

The Treasury Department Thursday auctioned $13 billion of 29-year 11-month bonds with a 3% coupon at a 3.138% high yield, a price of 97.331596.

Prices of top-shelf municipal bonds were stronger at mid-session, according to traders, as yields were down by as much as two basis points.

Standard & Poor's Ratings Services said it raised its long-term and underlying rating on Cinco Southwest Municipal Utility District (MUD) No. 4, Texas' general obligation debt to BBB from BBB-minus.

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 Thursday it will auction $7 billion 29-year 8-month inflation-indexed notes on June 18.

A federal judge denied requests by two Florida counties seeking to block the issuance of $1.75 billion in private activity bonds for a private passenger train project.

Two years after agreeing to subsidize the National Hockey League’s Arizona Coyotes in the city-owned Arena, the Glendale, Ariz., City Council has voided the deal that costs the city $15 million per year.

Fund manager Andy Chorlton evaluates market indicators to see where interest rates could go as he seeks to maximize after-tax returns.

Indicator Last Report Forecast Actual Import Prices April: -0.2% May: +0.8% May: +1.3% Export Prices April: -0.7% May: +0.2% May: +0.6% Initial Jobless Claims 5/30: 277,000 6/6: 278,000 6/6: 279,000 Continuing Claims 5/23: 2.204M 5/30: 2.188M 5/30: 2.265M Retail Sales April: +0.2% May: +1.1% May: +1.2% ex-Autos April: +0.1% May: +0.7% May: +1.0% Business Inventories March: +0.1% April: +0.2% April: +0.4%

Business inventories were up 0.4% to $1.793 trillion in April, while sales were 0.6% higher at $1.319 trillion, the Commerce Department reported Thursday.

The Wyoming Infrastructure Authority has named Jason Begger as its new executive director, replacing Loyd Drain who will step down at the end of next month.

The municipal bond market is looking to the Dormitory Authority of the State of New York's $1.2 billion competitive sale on Thursday.

Standard & Poor's Ratings Services said it raised its underlying rating to BBB-plus from BBB on Reno, Nev.'s series, 2005A, 2005B, and 2005C tax-exempt capital improvement revenue bonds.

Thursday, June 11 Issuer St Description Amount

Thursday, June 11 Issuer St Description Amount