News and Information from Bond Buyer

Monday, June 22 Issuer St Description Amount

Day Indicator Last Report Forecast Monday Existing Home Sales April: 5.04 May: 5.26 Tuesday Durable Goods April: -1.0% May: -0.5% Tuesday Durable Goods ex Trans April: -0.2% May: +0.6% Tuesday New Home Sales April: 517,000 May: 525,000 Tuesday Philly Fed Non-Manf May: 54.5 June: na Tuesday Richmond Fed Mfg May: 1 June: na Tuesday Richmond Fed Svcs Rev May: 13 June: na Wednesday GFP (F) Q1: -0.7% Q1: -0.2% Wednesday Final Sales Q1: -1.1% Q1: na Wednesday Core PCE Q1: +0.8% Q1: +0.8% Wednesday Building Permits April: 1.275M May: na Thursday Initial Claims 6/13: 267,000 6/20: 272,000 Thursday Continuing Claims 6/6: 2.222M 6/13: 2.215M Thursday Personal Income April: +0.4% May: +0.5% Thursday Consumption April: 0.0% May: +0.7% Thursday Core PCE Prices April: +0.1% May: +0.1% Thursday Markit Services PMI May: 56.2 June: 56.8 Thursday Kansas City Fed May: -13.0 June: 0.0 Friday Michigan Sentiment May: 94.6 June: 94.6 Friday Current Conditions May: 106.8 June: 106.7 Friday Expectations May: 86.8 June: 86.9

Jun. 22, 2015 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.36 1.78 2.79 3.8 Delaware Aaa/AAA/AAA 0.29 1.46 2.29 3.28 Maine Aa2/AA/AA 0.3 1.55 2.39 3.39 Maryland Aaa/AAA/AAA 0.29 1.49 2.32 3.29 Massachusetts Aa1/AA+/AA+ 0.31 1.57 2.47 3.48 New Hampshire Aa1/AA/AA+ 0.3 1.53 2.39 3.4 New Jersey A1/A/A 0.94 2.37 3.25 4.22 New York Aa1/AA+/AA+ 0.29 1.48 2.35 3.45 Pennsylvania Aa3/AA+/AA+ 0.51 1.97 2.92 3.94 Rhode Island Aa2/AA/AA 0.37 1.71 2.67 3.67 Vermont Aaa/AA+/AAA 0.29 1.48 2.35 3.32 Dist. of Columbia Aa1/AA/AA 0.34 1.6 2.5 3.51 Puerto Rico B2/BB/BB+ 8.04 9.37 9.5 8.04

Week Of June 22 Issuer St Description Amount

Week Of June 22 Issuer St Description Amount

ARKANSAS

ARIZONA

6/19/2015 6/12/2015 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 3 $237,650 $2 $19,390 $218,260 Delaware 0 0 0 0 0 Maine 0 0 1 30,000 -30,000 Maryland 1 263,250 4 206,495 56,755 Massachusetts 7 1,126,955 6 165,105 961,850 New Hampshire 0 0 2 34,075 -34,075 New Jersey 11 76,734 6 117,006 -40,272 New York 11 329,075 21 1,787,861 -1,458,786 Pennsylvania 16 671,710 8 277,930 393,780 Rhode Island 4 691,790 1 593,655 98,135 Vermont 1 168,675 0 0 168,675 District of Columbia 0 0 0 0 0 Puerto Rico 0 0 0 0 0

A $525 million boost in state public education funding over the next two years is a credit positive for Minnesota’s school districts, Moody’s Investors Service said Friday.

The Puerto Rico House of Representatives is expected to pass a balanced budget Monday.

Prices of top-shelf municipal bonds closed higher on Friday, according to traders, as yields on some maturities fell by as much as three basis points. In the primary, the tax-exempt market saw nearly $6.5 billion of new supply sell during the week, according to revised figures from Thomson Reuters.

Los Angeles’ $1.39 billion of Series 2015 tax and revenue anticipation notes and the Commonwealth of Massachusetts’ $939 million GO bond sales lead the way for a week that is projected to see $8.7 billion, according to Ipreo and The Bond Buyer. That is up from the revised $6.5 billion that the market saw the week of June 15, according to Thomson Reuters.

Lombard, Ill.'s village board isn’t budging from its longstanding position not to make up a shortfall in revenues needed for debt service on its $190 million of defaulted hotel and conference center bonds.

Wayne County, Mich. is reportedly asking a local businessman to buy a half-built, bond-financed jail in downtown Detroit as well as a historic building that houses county administrative offices as it scrambles to get a handle on a deteriorating fiscal position.

Louisiana Citizens Property Insurance Corp.’s bonds got a two notch upgrade to A1 from Moody’s Investors Service ahead of a planned $350 million refunding.

Michigan officials downplayed the possibility of bankruptcy for Wayne County as the county begins to walk down the same path as its largest city, Detroit.

Sen. Mark Warner, D-Va., introduced legislation that would create a national infrastructure bank that could provide direct loans and loan guarantees to facilitate infrastructure projects of regional or national significance. The bill would also increase the national volume cap for tax-exempt private-activity bonds for qualified highway or surface freight transfer facilities to $16 billion from $15 billion.

Two congressmen are urging House leaders to bring the pending transportation bills up for a vote and deem the one with the most votes as having passed the chamber under a “Queen of the Hill” rule.

Analysts at BlackRock Inc. say municipal demand will rebound once a combination of budgetary and quarter-end pressures subside at the end of June.