News and Information from Bond Buyer

The cracks in Chicago Public School system's fiscal foundation deepened as a new credit blow triggered swap termination events that could force payments of more than $260 million to counterparties.

Puerto Rico Gov. Alejandro García Padilla said he was opposed to amending the Puerto Rico constitution to allow restructuring of its debt.

Weekly volume is expected to exceed $8 billion again, with most of the bigger deals related to education.

Gary, Ind., a rare issuer and the state's most distressed city, is coming to market this week with $15.3 million of unrated, casino revenue-backed bonds.

A House bill would stop federal funding for public transit and bike paths to protect solvency of the Highway Trust Fund.

California lawmakers proposed legislation to accelerate more than $1 billion in bond spending for drought relief as the state enters its fourth year of drought.

Non-dealer municipal advisors should not be allowed to act as placement agents for an issuance of bonds, the Securities Industry and Financial Markets Association told Securities and Exchange Commission chair Mary Jo White in a recent letter.

The University of Connecticut plans to issue about $300 million of GO bonds under its UConn2000 infrastructure improvement program.

Prices of top-shelf municipal bonds continued to strengthen on Friday, traders said with yields on some maturities falling by as much as three basis points by mid-session.

Standard & Poor's Ratings Services said it lowered its long-term and, where applicable, underlying rating to A from A-plus on various series of outstanding bonds issued on behalf of Rowan University.

Standard & Poor's Ratings Services said it raised its long-term rating and underlying rating to AA-minus from A-plus on Fairfield, Calif.'s pension obligation bonds.

Businesses expect inflation to run at a 1.7% annual pace for the coming year, the same pace as predicted in the past two months, according to the Federal Reserve Bank of Atlanta's business inflation expectations survey.

Miro Weinberger, who plays in an adult baseball league in his off time, recognizes that an A-rating for Burlington won't be achieved by swinging for the fences.

Municipal bond traders will be looking ahead to next week's new issue supply after yields of top-quality munis plunged the past several days.

Mar. 20, 2015 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aaa/AAA/AAA 0.18 1.29 2.08 2.9 California Aa3/A/A 0.21 1.41 2.29 3.17 Hawaii Aa2/AA/AA 0.21 1.4 2.21 3.05 Idaho Aa1/AA+/AA+ 0.18 1.38 2.21 3.04 Montana Aa1/AA/AA+ 0.18 1.37 2.22 3.06 Nevada Aa2/AA/AA+ 0.21 1.46 2.27 3.11 Oregon Aa1/AA+/AA+ 0.18 1.33 2.13 2.98 Washington Aa1/AA+/AA+ 0.21 1.4 2.26 3.12 Wyoming NR/AAA/NR 0.18 1.36 2.13 2.95

3/19/2015 3/12/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 2 $56,380 2 $56,380 $0 California 12 853,890 16 3,711,855 ?2,857,965 Hawaii 0 0 2 878,805 ?878,805 Idaho 2 67,345 0 0 67,345 Montana 0 0 0 0 0 Nevada 1 40,635 1 40,635 0 Oregon 0 0 2 83,400 ?83,400 Washington 5 199,580 3 79,705 119,875 Wyoming 0 0 0 0 0

Tuesday, March 24 Issuer St Description Amount

Monday, March 23 Issuer St Description Amount

Friday, March 20 Issuer St Description Amount