News and Information from Bond Buyer

A second federal lawsuit has been filed challenging the private activity bond financing for the All Aboard Florida train project; the latest suit comes from Martin County, Fla.

Rep. Rep. Bill Pascrell, who keeps a Lucite encased drinking water pipe in his office as a reminder of the "very serious and urgent" need, has continued to press for his Sustainable Water Infrastructure Investment Act.

Prices of top-shelf municipal bonds continued to show weakness on Wednesday, traders said, with yields on some maturities up from four to six basis points.

The Treasury Department Wednesday auctioned $15 billion of two-year floating rate notes with a high discount margin of 0.074%, at a 0.074% spread, a price of par.

Moody's Investors Service upgraded Canyon County School District No. 131, Idaho to Baa1 from Baa3.

Pacific Investment Management said it has hired former Federal Reserve Chairman Ben Bernanke as a senior adviser to the firm.

California needs to spend $853 billion on infrastructure for transportation, water and K-12 facilities over the next 10 years just to maintain the state's current infrastructure, according to a report released on April 28.

Bondholders for a failed private jail would receive about 55 cents on the dollar under a proposed sale of the $35.4 million lockup to Burnet County, Texas, according to a trustee's disclosure.

Standard & Poor's Ratings Services said it raised its long-term rating to AA-minus from A-plus Fort Atkinson, Wis.'s existing general obligation bonds.

The municipal bond market was moving into a hesitant mode on Wednesday, ahead of the Federal Open Market Committee's afternoon statement on interest rates.

Pending home sales increased 1.1% to an index reading of 108.6 in March, after a revised 3.6% increase to 107.4 in February, according to a report released Wednesday by the National Association of Realtors.

GDP Q4: +2.2% Q1: +1.0% Q1: +0.2% Final Sales Q4: +2.3% Q1: +1.4% Q1: -0.5% Pending Home Sales Feb.: +3.6% March: +1.2% March: +1.1%

Standard & Poor's Ratings Services said it raised its underlying rating on Erie, Colo.'s wastewater revenue debt one notch to A-plus from A.

New York’s MTA board approved a ban on political advertising after some contentious debate and an adverse ruling in federal court.

Wednesday, April 29 Issuer St Description Amount

Wednesday, April 29 Issuer St Description Amount

Week Of April 27 Issuer St Description Amount

CONNECTICUT

ARKANSAS

Apr. 29, 2015 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 0.9 2.6 3.51 4.47 Indiana Aaa/AAA/AA+ 0.2 1.31 2.12 3.02 Iowa Aaa/AAA/AAA 0.2 1.32 2.12 3.02 Michigan Aa2/AA/AA 0.25 1.4 2.28 3.2 Minnesota Aa1/AA+/AA+ 0.2 1.28 2.05 2.93 Missouri Aaa/AAA/AAA 0.2 1.26 2.03 2.93 Nebraska NR/AAA/NR 0.2 1.33 2.17 3.1 North Dakota Aa1/AA+/NR 0.21 1.36 2.19 3.1 Ohio Aa1/AA+/AA+ 0.23 1.38 2.18 3.09 South Dakota NR/AA+/AA+ 0.24 1.37 2.2 3.12 Wisconsin Aa2/AA/AA 0.24 1.38 2.2 3.1