News and Information from Bond Buyer

Connecticut's lawmakers, like students cramming for final exams, approved a two-year, $40.3 billion budget at 11:30 p.m. and on the heels of an all-nighter.

Indicator Last Report Forecast Actual Initial Jobless Claims 5/23: 284,000 5/23: 279,000 5/30: 276,000 Continuing Claims 5/16: 2.226M 5/16: 2.208M 5/23: 2.196M Productivity Q4: -2.1% Q1: -2.9% Q1: -3.1% Unit Labor Costs Q4: +5.6% Q1: +5.9% Q1: +6.7%

The municipal bond market will be waiting for Thursday's pricing of the District of Columbia's $534 million of general obligation bonds and the sale of the Lower Colorado River Authority, Texas' $231 million of revenue refunding bonds in the primary market.

May layoff intentions decreased sharply to 41,034 from April's 61,582, Challenger, Gray & Christmas reported Thursday.

Jun. 4, 2015 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.29 1.5 2.36 3.34 Florida Aa1/AAA/AAA 0.34 1.56 2.42 3.41 Georgia Aaa/AAA/AAA 0.29 1.45 2.27 3.24 Kentucky Aa2/AA+/AA+ 0.33 1.59 2.47 3.46 Louisiana Aa2/AA/AA 0.39 1.77 2.69 3.69 Mississippi Aa2/AA/AA+ 0.33 1.58 2.49 3.47 North Carolina Aaa/AAA/AAA 0.29 1.45 2.27 3.24 South Carolina Aaa/AA+/AAA 0.29 1.47 2.3 3.27 Tennessee Aaa/AA+/AAA 0.29 1.47 2.3 3.26 Virginia Aaa/AAA/AAA 0.29 1.45 2.26 3.23 West Virginia Aa1/AA/AA+ 0.33 1.54 2.4 3.39

6/3/2015 5/27/2015 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 0 $0 1 $82,985 $82,985 Florida 11 1,726,780 13 1,652,290 74,490 Georgia 5 1,540,260 7 1,392,310 147,950 Kentucky 1 1,505 5 8,560 -7,055 Louisiana 2 104,200 2 111,400 -7,200 Mississippi 0 0 1 9,065 -9,065 North Carolina 6 172,150 4 52,195 119,955 South Carolina 5 56,735 0 0 56,735 Tennessee 1 3,025 2 32,900 -29,875 Virginia 1 59,095 2 154,875 -95,780 West Virginia 0 0 0 0 0

Thursday, June 4 Issuer St Description Amount

Thursday, June 4 Issuer St Description Amount

Monday, June 8 Issuer St Description Amount

Week Of June 1 Issuer St Description Amount

CALIFORNIA

ALABAMA

Government

Helped by a stronger revenue backing, Chicago’s remarketing of $112 million of sales tax-backed fared notably better Wednesday than its general obligation issue a week earlier, though spreads demonstrated a substantial market penalty.

Prices of top-rated municipal bonds finished lower on Wednesday, traders said, as yields rose for the third straight trading session, with some maturities rising by as much as six basis points.

Miami-Dade County hired Kroll Bond Rating Agency, believing its analysis can help attract investors to next week's $534 million bond issue for Miami International Airport.

Moody's Investors Service downgrades East Liverpool City Hospital, Ohio's bond rating to Caa1 from B2 affecting $7 million of outstanding bonds issued by East Liverpool.

Two weeks after El Paso Children’s Hospital filed for bankruptcy, the county hospital district that issued $120 million of bonds filed a voluntary disclosure of the filing on the Municipal Securities Rulemaking Board’s EMMA Web site.

The continuing series of short-term road funding fixes is harming small businesses, owners and advocates say.