News and Information from Bond Buyer

Jun. 16, 2015 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.36 1.7 2.63 3.62 Arkansas Aa1/AA/NR 0.31 1.6 2.47 3.44 Colorado Aa1/AA/NR 0.31 1.63 2.51 3.52 Kansas Aa1/AA+/NR 0.29 1.63 2.51 3.48 New Mexico Aaa/AA+/NR 0.29 1.58 2.42 3.41 Oklahoma Aa2/AA+/AA+ 0.33 1.66 2.53 3.52 Texas Aaa/AAA/AAA 0.34 1.61 2.49 3.46 Utah Aaa/AAA/AAA 0.29 1.52 2.33 3.3

ILLINOIS

CONNECTICUT

6/15/2015 6/8/2015 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 4 $37,360 5 $334,250 -$296,890 Arkansas 3 33,785 1 25,850 7,935 Colorado 4 76,985 2 81,025 -4,040 Kansas 8 55,480 17 134,681 -79,201 New Mexico 3 13,490 2 6,000 7,490 Oklahoma 21 41,720 23 52,370 -10,650 Texas 38 1,242,468 41 899,853 342,615 Utah 2 42,710 1 19,020 23,690

The Municipal Securities Rulemaking Board has added a new feature to its EMMA website that allows users to locate disclosure information that might otherwise be difficult to find in cases where new CUSIP numbers are assigned to portions of bonds after issuance.

States are hard-pressed to meet spending needs in key areas like education, health care and infrastructure, as budgets and finances have been slow to recover from the Great Recession, a report issued Tuesday found.

To get through a cash shortage this summer, Puerto Rico’s government may borrow from the island’s semi-autonomous government entities.

Chicago's $1.1 billion general obligation debt restructuring cleared the City Council Finance Committee Monday after a two hour hearing during which new chief financial officer Carole Brown defended plans to roll short-term operating expenses on to the city’s long-term debt load.

A new Texas law that increases contributions to the state employees’ pension plan will add support to the Lone Star State’s triple-A credit rating, according to Moody’s Investors Service.

William Paterson University in Wayne, N.J. had its credit rating cut one notch with a negative outlook by Moody's Investors Service, which cited the regional public college's weakened student demand.

Prices of top-shelf municipal bonds ended higher on Monday, traders said, with yields on some maturities falling by as much as two basis points. In the primary market, the New York City Transitional Finance Authority’s held the first of a two-day retail order period for its $750 million bond deal.

The wettest May on record, in which the state of Texas averaged nearly nine inches of rain for the month, has brought an end to the state's four-year drought, according to Fitch Ratings.

Holders of $5.2 billion of Detroit water and sewer bonds are again playing a key role as the city attempts to execute its last big bargain struck during its bankruptcy.

Fairfield, Iowa’s rating sank to the lowest investment grade at Moody’s Investors Service, which warned it could drop further over operating deficits that have strained the town’s balance sheet.

St. Olaf College in Minnesota has its rating affirmed by Moody’s Investors Service as the school heads into the market with a $54.4 million new money and refinancing issue.

The Financial Industry Regulatory Authority fined Wells Fargo Securities $12,500 for trade reporting violations and barred an individual from the securities industry for allowing the fraudulent transfer of $160,000 from a customer to an unrelated third party.

House Democrats seek Republican support for multiyear highway bill in exchange for passage of multinational trade pact.

WASHINGTON — Industrial production dropped 0.2% in May, the Federal Reserve reported Monday.

The Treasury Department said Monday it will sell $30 billion of four-week discount bills Tuesday.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.010% high rate, down from 0.015% the prior week, and the six-months incurred a 0.100% high rate, up from 0.080% the week before.