News and Information from Bond Buyer

Week Of March 28 Issuer St Description Amount

ALASKA

Mar. 28, 2016 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.75 1.55 2.39 3.3 Delaware Aaa/AAA/AAA 0.55 1.11 1.81 2.75 Maine Aa2/AA/AA 0.57 1.17 1.92 2.88 Maryland Aaa/AAA/AAA 0.55 1.15 1.85 2.76 Massachusetts Aa1/AA+/AA+ 0.57 1.21 1.99 2.93 New Hampshire Aa1/AA/AA+ 0.57 1.16 1.86 2.85 New Jersey A2/A/A 0.9 1.92 2.72 3.63 New York Aa1/AA+/AA+ 0.55 1.12 1.88 2.92 Pennsylvania Aa3/AA+/AA+ 0.75 1.72 2.5 3.36 Rhode Island Aa2/AA/AA 0.65 1.35 2.17 3.11 Vermont Aaa/AA+/AAA 0.55 1.13 1.84 2.77 Dist. of Columbia Aa1/AA/AA 0.58 1.23 2 2.96 Puerto Rico Caa3/CC/CC 25.55 15.87 11.77 8.81

ALABAMA

3/25/2016 3/18/2016 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 4 $27,825 1 $6,125 $21,700 Delaware 0 0 0 0 0 Maine 1 6,815 1 6,815 0 Maryland 8 408,640 2 82,040 326,600 Massachusetts 3 22,380 2 47,822 -25,442 New Hampshire 0 0 0 0 0 New Jersey 5 84,943 7 332,046 -247,103 New York 15 250,744 9 92,732 158,012 Pennsylvania 9 504,070 7 200,940 303,130 Rhode Island 0 0 0 0 0 Vermont 0 0 0 0 0 District of Columbia 0 0 0 0 0 Puerto Rico 1 750,000 1 750,000 0

Day Indicator Last Report Forecast Monday Personal Income Jan.: +0.5% Feb.: +0.1% Monday Consumption Jan.: +0.5% Feb.: +0.1% Monday Core PCE Price Index Jan.: +0.3% Feb.: +0.2% Monday Pending Home Sales Jan.: -2.5% Feb.: +1.0% Tuesday Consumer Confidence Feb.: 92.2 March: 94.0 Wednesday ADP Employment Report Feb.: +214,000 March: +194,000 Thursday Initial Claims 3/19: 265,000 3/26: 265,000 Thursday Continuing Claims 3/12: 2.179M 3/19: 2.210M Thursday Chicago PMI Feb.: 47.6 March: 50.0 Friday Nonfarm Payrolls Feb.: +242,000 March: +205,000 Friday Private Payrolls Feb.: +230,000 March: +197,000 Friday Unemployment Rate Feb.: 4.9% March: 3.0% Friday Avg Hourly Earnings Feb.: -0.1% March: +0.2% Friday Avg Work Week Feb.: 34.4 March: 34.5 Friday Construction Spending Jan.: +1.5% Feb.: unch Friday ISM Manufacturing Feb.: 49.5 March: 51.0 Friday Michigan Sentiment Feb.: 91.7 March: 90.5 Friday Current Conditions Feb.: 106.8 March: 107.0 Friday Expectations Feb.: 81.9 March: 82.3

Mar. 25, 2016 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aa1/AA+/AAA 0.67 1.34 2.12 3.04 California Aa3/AA+/A+ 0.58 1.25 2.02 2.95 Hawaii Aa2/AA/AA 0.6 1.24 2.03 2.98 Idaho Aa1/AA+/AA+ 0.55 1.2 2 2.95 Montana Aa1/AA/AA+ 0.55 1.21 2.01 2.97 Nevada Aa2/AA/AA+ 0.59 1.27 2.05 3.01 Oregon Aa1/AA+/AA+ 0.57 1.18 1.91 2.84 Washington Aa1/AA+/AA+ 0.59 1.25 2.05 3.02 Wyoming NR/AAA/NR 0.55 1.18 1.92 2.86

3/24/2016 3/17/2016 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 0 $0 $0 California 23 2,046,760 15 596,665 1,450,095 Hawaii 3 325,550 0 0 325,550 Idaho 2 47,075 0 0 47,075 Montana 0 0 0 0 0 Nevada 1 125,720 2 186,030 -60,310 Oregon 0 0 1 28,280 -28,280 Washington 3 18,430 7 503,450 -485,020 Wyoming 0 0 0 0 0

An overhaul of LaGuardia Airport is closer to taking flight after the Port Authority of New York and Jersey Board of Commissioners voted to approve a public-private partnership for the $4 billion project.

Leaders of the Public Finance Authority take issue with criticisms that the Wisconsin-based national conduit issuer only exists to usurp local control from taxpayers and other bond-issuing authorities.

Government

The Gateway Tunnel rail project connecting New Jersey to Manhattan received a commitment for $70 million in an effort to fast-track the estimated $20 billion initiative.

Chicago must go back to the drawing board after the Illinois Supreme Court voided legislation that overhauled two city pension funds with the aim of keeping them solvent.

Standard & Poor's Ratings Services revised its outlook on New Jersey's Qualified Bond Act Program to negative from stable, based on its recent outlook revision on New Jersey's general obligation (GO) debt (A/Negative). At the same time, Standard & Poor's affirmed its 'A-' rating on the program. The rating on bonds guaranteed under this program moves in conjunction with the state GO rating.

Texas A&M University System reported higher-than-expected savings on the refunding of its revenue bonds after a Standard & Poor’s upgrade to triple-A.

Chicago Transit Authority will use a $255 million federal TIFIA loan to replace more than 800 rail cars.

Michigan’s emergency manager system for financially distressed local governments came under fire from a task force the state governor appointed to investigate the Flint water contamination crisis.

The Internal Revenue Service is auditing $73.6 million of excise tax revenue refunding bonds issued by the city and county of Denver in 2009.

The creditors of Puerto Rico Electric Power Authority are allowing the authority to delay its application for a rate calculation mechanism for the new restructured debt corporation.

Michigan lawmakers gave final approval to nearly $50 million of emergency cash needed to keep Detroit Public Schools open through the end of the current school year.