News and Information from Bond Buyer

Consumers' view of short-term inflation held in the past month, but home price, earnings and spending growth expectations "returned to levels that prevailed during the second half of 2014," according to the Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.

As Texas lawmakers seek to reverse the state's growing debt, the Texas Public Finance Authority expects to lower the state's interest cost through a $218 million refunding of general obligation and revenue bonds.

Tuesday, April 14 Issuer St Description Amount

Monday, April 13 Issuer St Description Amount

Week Of April 13 Issuer St Description Amount

Week Of April 13 Issuer St Description Amount

Day Indicator Last Report Forecast Monday Treasury Budget Feb.: -$192.3B March: -$43.0B Tuesday PPI Feb.: -0.5% March: +0.2% Tuesday PPI Core Feb.: -0.5% March: +0.1% Tuesday Retail Sales Feb.: -0.6% March: +1.0% Tuesday ex-Autos Feb.: -0.1% March: +0.6% Tuesday Business Inventories Jan.: unch Feb.: +0.2% Wednesday Empire State Manufacturing March: 6.90 April: 7.30 Wednesday Industrial Production Feb.: +0.1% March: -0.3% Wednesday Capacity Utilization Feb.: 78.9 March: 78.7 Wednesday NAHB Housing Index March: 53 April: 55 Thursday Initial Jobless Claims 4/4: 281,000 4/11: 280,000 Thursday Continuing Claims 3/28: 2.304M 4/4: 2.312M Thursday Housing Starts Feb.: 897,000 March: 1.040M Thursday Building Permits Feb.: 1.092M March: 1.080M Thursday Philly Fed Manufacturing March: 5.0 April: 6.3 Friday CPI Feb.: +0.2% March: +0.2% Friday CPI Core Feb.: +0.2% March: +0.2% Friday Michigan Sentiment March: 93.0 April: 94.0 Friday Current Conditions March: 105.0 April: 105.2 Friday Expectations March: 85.3 April: 87.0

Apr. 13, 2015 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.21 1.45 2.36 3.22 Delaware Aaa/AAA/AAA 0.18 1.21 1.95 2.82 Maine Aa2/AA/AA 0.2 1.26 2.05 2.94 Maryland Aaa/AAA/AAA 0.19 1.24 1.98 2.84 Massachusetts Aa1/AA+/AA+ 0.21 1.3 2.14 3.02 New Hampshire Aa1/AA/AA+ 0.19 1.26 2.08 2.92 New Jersey A1/A/A 0.33 1.87 2.83 3.67 New York Aa1/AA+/AA+ 0.19 1.23 2.02 3 Pennsylvania Aa3/AA+/AA+ 0.24 1.59 2.4 3.32 Rhode Island Aa2/AA/AA 0.24 1.4 2.27 3.18 Vermont Aaa/AA+/AAA 0.19 1.23 2.02 2.87 Dist. of Columbia Aa1/AA/AA 0.22 1.35 2.18 3.09 Puerto Rico B2/BB/BB+ 7.59 9.27 9.37 8.19

CALIFORNIA

ALABAMA

4/10/2015 4/3/2015 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 2 $10,690 3 $39,625 -$28,935 Delaware 0 0 0 0 0 Maine 4 11,690 3 5,605 6,085 Maryland 1 12,970 5 368,890 -355,920 Massachusetts 6 42,568 2 12,360 30,208 New Hampshire 0 0 1 27,030 -27,030 New Jersey 6 193,554 3 24,780 168,774 New York 17 2,728,031 18 1,107,294 1,620,737 Pennsylvania 12 609,500 16 407,235 202,265 Rhode Island 3 640,655 2 600,330 40,325 Vermont 0 0 3 37,975 -37,975 District of Columbia 0 0 0 0 0 Puerto Rico 0 0 0 0 0

Government

Florida’s Citizens Property Insurance Corp. expects to issue $1 billion in tax exempt notes in mid-May to provide liquidity for the upcoming hurricane season.

The Puerto Rico Treasury’s revenues came in 3.4% below projections.

The St. Louis public agency helping in efforts to build a new stadium for the Rams football team is seeking clarity from the courts over whether the city can contribute financially to the project without a public vote.

Prices of top-rated municipal bonds finished unchanged on Friday, traders said. Meanwhile, traders were looking ahead to the upcoming new issue slate, which at $8.8 billion is considerably beefier than the $6.5 billion that was priced in the previous week.

Moody’s investors Service socked a struggling Illinois school district with a four-notch downgrade, putting on the lowest investment grade run and warning that a drop to junk could loom.

Minnesota lawmakers should use the state's budget surplus for education and other services and approve new borrowing for transportation and infrastructure to make a lasting imprint on the state landscape, Gov. Mark Dayton urged in his state of the state address.

Moody's Investors Service says the California governor's recent water restriction mandates are a credit negative for water utilities.

Municipal bond volume is poised to rebound in the coming week, led by a deal from the Port Authority of New York and New Jersey.