News and Information from Bond Buyer

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

Consumers' view of short-term inflation dipped in the past month, but home price and spending growth expectations "fell to their lowest levels since the inception of the survey," according to the Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.

In a marathon session that lasted all night Friday and well into Saturday morning, the Arizona Legislature passed a $9.1 billion budget that even some supporters said they regretted.

The Federal Reserve's Labor Market Conditions Index, a compilation of 19 labor market measures, fell to 4.0 in February from a revised 4.8 in January.

The Conference Board's Employment Trends Index (ETI) gained to 127.76 in February from a downwardly revised 127.62 in January, and is up 6.7% from a year ago, the group announced Monday.

A bill authorizing issuance of $1 billion of pension bonds is beginning its journey through the Kansas House after winning state Senate approval. The bill is part of Gov. Sam Brownback's plan to patch a $600 million budget deficit.

The Chicago school district fell to the last rung above junk bond status after a two-notch downgrade from Moody's Investors Service.

Tuesday, March 10 Issuer St Description Amount

Monday, March 9 Issuer St Description Amount

Week Of March 16 Issuer St Description Amount

Week Of March 9 Issuer St Description Amount

Day Indicator Last Report Forecast Tuesday Wholesale Inventories Dec.: +0.1% Jan.: 0.0% Tuesday Wholesale Sales Dec.: -0.4% Jan.: -0.3% Wednesday Treasury Budget Jan.: -$17.5B Feb.: -$190.5B Thursday Import Prices Jan.: -2.8% Feb.: +0.2% Thursday Export Prices Jan.: -2.0% Feb.: -0.1% Thursday Initial Jobless Claims 2/28: 320,000 3/7: 305,000 Thursday Continuing Claims 2/21: 2.421M 2/28: 2.400M Thursday Retail Sales Jan.: -0.8% Feb.: +0.3% Thursday ex-Autos Jan.: -0.9% Feb.: +0.5% Thursday Business Inventories Dec.: +0.1% Jan.: +0.1% Friday PPI Jan.: -0.8% Feb.: +0.3% Friday PPI Core Jan.: -0.1% Feb.: +0.1% Friday Michigan Sentiment Feb.: 95.4 March: 95.5 Friday Current Conditions Feb.: 106.9 March: 105.7 Friday Expectations Feb.: 88.0 March: 87.5

Mar. 9, 2015 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.18 1.52 2.39 3.28 Delaware Aaa/AAA/AAA 0.13 1.31 2.07 2.91 Maine Aa2/AA/AA 0.15 1.36 2.17 3.03 Maryland Aaa/AAA/AAA 0.14 1.34 2.09 2.93 Massachusetts Aa1/AA+/AA+ 0.16 1.4 2.25 3.11 New Hampshire Aa1/AA/AA+ 0.14 1.36 2.17 3.05 New Jersey A1/A/A 0.28 1.8 2.74 3.6 New York Aa1/AA+/AA+ 0.14 1.34 2.16 3.11 Pennsylvania Aa3/AA+/AA+ 0.19 1.63 2.48 3.31 Rhode Island Aa2/AA/AA 0.19 1.5 2.39 3.27 Vermont Aaa/AA+/AAA 0.14 1.33 2.14 2.96 Dist. of Columbia Aa2/AA/AA 0.17 1.45 2.31 3.2 Puerto Rico B2/BB/BB+ 7.54 9.47 9.59 8.13

KENTUCKY

ALABAMA

3/6/2015 2/27/2015 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 6 $756,299 2 $8,705 $747,594 Delaware 0 0 0 0 0 Maine 0 0 2 135,750 -135,750 Maryland 2 191,560 2 921,995 -730,435 Massachusetts 8 424,249 10 224,003 200,246 New Hampshire 0 0 0 0 0 New Jersey 3 64,485 8 278,817 -214,332 New York 16 1,797,667 12 813,293 984,374 Pennsylvania 13 447,100 17 578,135 -131,035 Rhode Island 2 1,211,775 2 609,515 602,260 Vermont 0 0 0 0 0 District of Columbia 0 0 0 0 0 Puerto Rico 0 0 0 0 0

Government

Sweet Briar College in Virginia, which announced that it will close this year, said it will pay its bond and debt obligations after Standard & Poor's lowered its bond ratings to B-minus from BBB.

Prices of top-rated municipal bonds ended substantially weaker on Friday, traders said, after the release of a strong employment report that hinted at a mid-year interest rate hike by the Federal Reserve. Meanwhile, municipal volume continued to surge, with $12.4 billion of new bonds set to be priced in the upcoming week, after a hefty new issue slate came to market in the prior week.

National Football League stadium proposal in Inglewood is a credit positive for the city, according to Moody's Investors Service.