News and Information from Bond Buyer

The Treasury Department Wednesday auctioned $25 billion of 364-day bills at a 0.255% high yield, a price of 99.742167.

The Treasury Department Wednesday auctioned $45 billion of four-week bills at a 0.010% high yield, a price of 99.999222.

This week we examine whether private sector amateur economists are any better at predictions than the professionals.

A group including Bank of America Merrill Lynch as senior manager on Wednesday priced the first of four city of Chicago deals that will total $668 million.

The Puerto Rico House of Representatives passed a revised sales tax rise Tuesday.

Texas service sector activity "continued to reflect expansion in May but at a slower pace than in April," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index fell to 3.8 from 14.6.

The Securities and Exchange Commission has approved the Municipal Securities Rulemaking Board’s proposal to collect additional post-trade data for EMMA, the MSRB announced late Tuesday.

Municipal bond traders' attention Wednesday will be riveted on big deals coming to market from Chicago and Pennsylvania.

Federal Reserve Bank of Richmond President Jeffrey Lacker said he needs to see more data before deciding whether he'd vote for a June rate hike, according to published reports.

May. 27, 2015 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 1.47 3.15 4.1 5.13 Indiana Aaa/AAA/AA+ 0.22 1.51 2.42 3.4 Iowa Aaa/AAA/AAA 0.22 1.52 2.42 3.4 Michigan Aa2/AA/AA 0.28 1.62 2.58 3.58 Minnesota Aa1/AA+/AA+ 0.23 1.51 2.36 3.31 Missouri Aaa/AAA/AAA 0.22 1.46 2.33 3.31 Nebraska NR/AAA/NR 0.22 1.53 2.47 3.48 North Dakota Aa1/AA+/NR 0.23 1.58 2.49 3.48 Ohio Aa1/AA+/AA+ 0.25 1.55 2.46 3.46 South Dakota NR/AA+/AA+ 0.26 1.57 2.5 3.5 Wisconsin Aa2/AA/AA 0.26 1.58 2.5 3.5

5/26/2015 5/19/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 11 $159,850 9 $112,895 46,955 Indiana 8 136,990 16 170,690 -33,700 Iowa 8 87,815 6 77,320 10,495 Michigan 5 56,925 3 41,045 15,880 Minnesota 34 653,830 29 641,875 11,955 Missouri 3 39,865 10 642,228 -602,363 Nebraska 0 0 0 0 0 North Dakota 2 10,455 4 60,500 -50,045 Ohio 7 96,760 9 153,085 -56,325 South Dakota 0 0 0 0 0 Wisconsin 19 91,195 26 267,450 -176,255

Wednesday, May 27 Issuer St Description Amount

Click on links to access bond sale documents.

Week Of May 26 Issuer St Description Amount

Week Of May 26 Issuer St Description Amount

GEORGIA

MISSOURI

Government

Texas Gov. Greg Abbott and legislative leaders have agreed on $3.8 billion tax cut for businesses and property owners as the 2015 session enters its final week.

A proposed constitutional amendment approved by House and Senate leaders would dedicate $2.5 billion of the general sales tax to the highway fund and add a portion of motor vehicle sales taxes beginning in 2020.