News and Information from Bond Buyer

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

New Mexico Senate Majority Leader Michael Sanchez said the Senate was "sucker-punched" by the House in the last hour of the 2015 session, leaving nearly $270 million of projects unfunded.

Indicator Last Report Forecast Actual Existing Home Sales Jan.: 4.820M Feb. 4.900M Feb. 4.880M

Existing home sales grew 1.2% to a seasonally adjusted 4.88 million-unit rate in February from an unrevised 4.82 million pace the previous month, the National Association of Realtors announced Monday.

The West Texas city of Lubbock will price a $131 million general obligation bond refunding and $99.3 million of certificates of obligation for its water and sewer program.

The Chicago Fed National Activity Index for February slipped to negative 0.11 from a revised negative 0.10 reading in January, while the three-month moving average (CFNAI-MA3) dropped to negative 0.08 from a revised positive 0.26 in January, the Federal Reserve Bank of Chicago reported Monday.

The Kansas Legislature has approved Sen. Ty Masterson's bill replacing the state's school funding formula with a block grant system recommended by Gov. Sam Brownback.

The Federal Reserve has been planning for monetary policy normalization and is prepared to meet the challenges of removing accommodation when it occurs, Federal Reserve Bank of Cleveland President and Chief Executive Officer Loretta J. Mester said early Monday.

Mar. 23, 2015 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.2 1.44 2.36 3.15 Delaware Aaa/AAA/AAA 0.17 1.2 1.95 2.75 Maine Aa2/AA/AA 0.19 1.25 2.05 2.87 Maryland Aaa/AAA/AAA 0.18 1.22 1.97 2.77 Massachusetts Aa1/AA+/AA+ 0.2 1.29 2.13 2.95 New Hampshire Aa1/AA/AA+ 0.18 1.25 2.05 2.89 New Jersey A1/A/A 0.32 1.76 2.65 3.47 New York Aa1/AA+/AA+ 0.18 1.22 2.02 2.93 Pennsylvania Aa3/AA+/AA+ 0.23 1.56 2.36 3.16 Rhode Island Aa2/AA/AA 0.23 1.39 2.27 3.11 Vermont Aaa/AA+/AAA 0.18 1.22 2.02 2.8 Dist. of Columbia Aa1/AA/AA 0.21 1.34 2.18 3.02 Puerto Rico B2/BB/BB+ 7.58 9.36 9.47 7.82

3/20/2015 3/13/2015 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 2 $81,000 10 $767,500 -$686,500 Delaware 0 0 1 6,900 -6,900 Maine 0 0 1 47,155 -47,155 Maryland 9 598,840 4 391,560 207,280 Massachusetts 5 22,451 8 171,830 -149,379 New Hampshire 0 0 0 0 0 New Jersey 10 165,667 3 35,673 129,994 New York 11 237,177 20 961,582 -724,405 Pennsylvania 11 414,475 14 338,520 75,955 Rhode Island 1 593,655 2 639,195 -45,540 Vermont 0 0 0 0 0 District of Columbia 0 0 0 0 0 Puerto Rico 0 0 0 0 0

Tuesday, March 24 Issuer St Description Amount

Monday, March 23 Issuer St Description Amount

Week Of March 23 Issuer St Description Amount

Day Indicator Last Report Forecast Monday Existing Home Sales Jan.: 4.820M Feb. 4.900M Tuesday CPI Jan.: -0.7% Feb.: +0.2% Tuesday CPI Core Jan.: +0.2% Feb.: +0.1% Tuesday New Home Sales Jan.: 481,000 Feb.: 470,000 Wednesday Durable Goods Jan.: +2.8% Feb.: +0.3% Wednesday Durable Goods ex-trans Jan.: +0.3% Feb.: +0.3% Thursday Initial Jobless Claims 3/14: 292,000 3/21: 290,000 Thursday Continuing Claims 3/7: 2,417M 3/14: 2.403M Friday GDP Q3: +5.0% Q4: +2.4% Friday Final Sales Q3: +5.0% Q4: +2.1% Friday Michigan Sentiment Feb.: 95.4 March: 92.0 Friday Current Conditions Feb.: 106.9 March: 103.5 Friday Expectations Feb.: 88.0 March: 84.0

TEXAS

ALABAMA

Government

Prices of top-shelf municipal bonds finished out the week stronger, traders said, as yields continued to fall in the aftermath of the Federal Open Market Committee meeting. Since the FOMC meeting, yields on the 10-year have fallen by 15 basis points while the yield on the 30-year is off by 14 basis points.

Illinois retained its position as the state with the worst overall net financial position among more than 40 reviewed by the Illinois auditor general for fiscal 2014.

A coalition comprised of businesses, labor union, community groups and non-profits took a significant step forward on plans to build a desalinization plant in Huntington Beach, Calif.,