News and Information from Bond Buyer

The new California State Water Resource Board's water restrictions for California residents and urban water suppliers are a credit positive, according to Moody's Investors Service.

Indiana lawmakers scrambled Monday to stop financial fallout from a controversial bill signed into law by Gov. Mike Pence last week.

Williams, Ariz., the self-proclaimed “Gateway to the Grand Canyon,” is working on a plan to sidetrack tourists to an amusement park and railroad museum that could be financed with $400 million of revenue bonds.

Prices of top-rated municipal bonds were unchanged at mid-session, traders said, ahead of more new deals that are propelling volume for the month up to nearly $40 billion, according to some estimates.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.035% high rate, up from 0.020% the prior week, and the six-months incurred a 0.135% high rate, up from 0.105% the week before.

The Treasury Department said Monday it will sell $40 billion of four-week discount bills Tuesday.

Texas factory activity, as measured by the production index, "declined in March," according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas, released Monday.

Indicator Last Report Forecast Actual Personal Income Jan.: +0.4% Feb.: +0.3% Feb.: +0.4% Consumption Jan.: -0.2% Feb.: +0.2% Feb.: +0.1% Core PCE Prices Jan.: +0.1% Feb.: +0.1% Feb.: +0.1% Pending Home Sales Jan.: +1.2% Feb.: +0.4% Feb.: +3.1%

Lumesis Inc. and Ipreo announced on Monday a new strategic partnership that aims to help clients in the municipal bond market comply with a myriad of securities regulations.

Pending home sales increased 3.1% to an index reading of 106.9 in February, after a revised 1.2% increase to 103.7 in January, according to a report released Monday by the National Association of Realtors.

A Detroit-based coalition is set to release Monday afternoon a series of recommendations that Michigan Gov. Rick Snyder will use to help guide a high-profile reform of the troubled Detroit school system.

Monday, March 30 Issuer St Description Amount

Monday, March 30 Issuer St Description Amount

Week Of March 30 Issuer St Description Amount

Day Indicator Last Report Forecast Monday Personal Income Jan.: +0.3% Feb.: +0.3% Monday Consumption Jan.: -0.2% Feb.: +0.2% Monday Core PCE Prices Jan.: +0.1% Feb.: +0.1% Monday Pending Home Sales Jan.: +0.7% Feb.: +0.4% Monday Dallas Fed Texas Mfg Feb.: -11.2 Mar.: n/a Tuesday Chicago PMI Feb.: 45.8 Mar.: 51.5 Tuesday Consumer Confidence Feb.: 96.4 Mar.: 96.0 Tuesday Dallas Fed Texas Svcs Feb.: 1.7 Mar.: n/a Wednesday ADP Employment Report Feb.: 212,000 Mar.: 225,000 Wednesday Markit Mfg PMI (F) Feb.: n/a Mar.: n/a Wednesday Constuction Spending Jan.: -1.1% Feb.: 0.0% Wednesday ISM Manufacturing PMI Feb.: 52.9 Mar.: 52.5 Thursday Challenger Job Cuts Feb.: 50.579 Mar.: n/a Thursday Initial Jobless Claims 3/21: 285,000 3/28: 285,000 Thursday Continuing Claims 3/14: 2.416M 3/21: 2.410M Thursday International Trade Jan.: -$41.75B Feb.: -$41.2B Thursday Factory Orders Jan.: -0.2% Feb.: -0.4% Thursday Nondurables Orders Jan.: -3.1% Feb.: n/a Thursday Nonfarm Payrolls Feb.: +295,000 Mar.: +244,000 Thursday Private Payrolls Feb.: +28,000 Feb.: +235,000 Thursday Manufacturing Payrolls Feb.: +8,000 Mar.: +10,000 Thursday Unemployment Rate Feb.: 5.5% Mar.: 0.2% Thursday Avg Hrly Earnings Feb.: +0.1% Mar.: +0.2% Thursday Avg Work Week Feb.: 34.6 Mar.: 34.6

Mar. 30, 2015 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.21 1.46 2.36 3.18 Delaware Aaa/AAA/AAA 0.18 1.22 1.94 2.78 Maine Aa2/AA/AA 0.2 1.27 2.04 2.9 Maryland Aaa/AAA/AAA 0.19 1.24 1.96 2.8 Massachusetts Aa1/AA+/AA+ 0.21 1.31 2.12 2.98 New Hampshire Aa1/AA/AA+ 0.19 1.27 2.03 2.91 New Jersey A1/A/A 0.33 1.78 2.76 3.6 New York Aa1/AA+/AA+ 0.19 1.24 2.01 2.96 Pennsylvania Aa3/AA+/AA+ 0.24 1.58 2.35 3.19 Rhode Island Aa2/AA/AA 0.24 1.41 2.26 3.14 Vermont Aaa/AA+/AAA 0.19 1.24 2.01 2.83 Dist. of Columbia Aa1/AA/AA 0.22 1.36 2.17 3.05 Puerto Rico B2/BB/BB+ 7.59 9.38 9.56 8.2

NORTH DAKOTA

ALABAMA

3/27/2015 3/20/2015 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 4 $381,000 2 $81,000 $300,000 Delaware 0 0 0 0 0 Maine 0 0 0 0 0 Maryland 4 128,950 9 598,840 -469,890 Massachusetts 6 209,414 5 22,451 186,963 New Hampshire 0 0 0 0 0 New Jersey 5 152,606 10 165,667 -13,061 New York 13 644,987 11 237,177 407,810 Pennsylvania 11 649,755 11 414,475 235,280 Rhode Island 3 664,680 1 593,655 71,025 Vermont 0 0 0 0 0 District of Columbia 0 0 0 0 0 Puerto Rico 0 0 0 0 0

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