News and Information from Bond Buyer

Dealers want the Municipal Securities Rulemaking Board to withdraw a proposed rule that would require dealers acting as principals to disclose to customers on their confirmations a "reference price" of the same security traded that same day, urging enhancements to existing transparency systems as an alternative.

Standard & Poor's Ratings Services said it raised its long-term rating and underlying rating on Bernards Township Board of Education, N.J.'s general obligation bonds to AAA from AA-plus.

Municipal bond traders are seeing some of the week's biggest new issues come to market today as more than $2 billion of bonds were priced.

Michigan Gov. Rick Snyder urged voters to approve a May 5 ballot referendum calling for an increase in the state sales tax to raise $1.2 billion in new road funding during his state of the state address Tuesday.

The Treasury Department Wednesday auctioned $30 billion of four-week bills at a 0.005% high yield, a price of 99.999611.

U.S. Bankruptcy Judge Christopher Klein has denied a request by Franklin Templeton Investments to stay Stockton's Chapter 9 bankruptcy exit.

The Chicago Business Barometer was revised up 0.5 point to 58.8 in December 2014 from the previously reported figure of 58.3, as a result of the annual seasonal adjustment recalculation.

A calm environment atypical for January, low interest rates and the floating rate note enabled New York's MTA to upsize its bond sale, said finance manager Patrick McCoy.

Municipal bond traders are ready for the first of the week's big new issues to come to market today.

Standard & Poor's Ratings Services said it raised its long-term rating on New Britain, Conn.'s outstanding general obligation bonds three notches to A from BBB.

Indicator Last Report Forecast Actual Housing Starts Nov.: 1.043M Dec.: 1.040M Dec.: 1.089M Building Permits Nov.: 1.052M Dec.: 1.058M Dec.: 1.032M

Jan. 21, 2015 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 0.54 2.02 3.15 3.94 Indiana Aaa/AAA/AA+ 0.14 1.08 1.87 2.66 Iowa Aaa/AAA/AAA 0.14 1.09 1.87 2.66 Michigan Aa2/AA/AA 0.17 1.25 2.04 2.84 Minnesota Aa1/AA+/AA+ 0.14 1.06 1.8 2.55 Missouri Aaa/AAA/AAA 0.14 1.03 1.78 2.57 Nebraska NR/AAA/NR 0.14 1.1 1.92 2.74 North Dakota Aa1/AA+/NR 0.15 1.12 1.94 2.74 Ohio Aa1/AA+/AA+ 0.15 1.1 1.89 2.72 South Dakota NR/AA+/AA+ 0.15 1.12 1.95 2.76 Wisconsin Aa2/AA/AA 0.16 1.11 1.94 2.73

1/20/2015 1/13/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 6 $46,895 16 $785,340 -$738,445 Indiana 5 150,995 4 474,295 -323,300 Iowa 5 50,910 3 40,635 10,275 Michigan 16 611,560 25 631,245 -19,685 Minnesota 21 351,260 20 421,057 -69,797 Missouri 4 50,725 2 14,535 36,190 Nebraska 1 171,000 0 0 171,000 North Dakota 2 28,100 2 28,100 0 Ohio 5 71,490 7 207,090 -135,600 South Dakota 0 0 0 0 0 Wisconsin 11 102,475 10 186,045 -83,570

Wednesday, January 21 Issuer St Description Amount

Wednesday, January 21 Issuer St Description Amount

Week Of January 20 Issuer St Description Amount

ARKANSAS

FLORIDA

Indicator Last Report Forecast Actual NAHB Housing Index Dec.: 58 Jan.: 58 Jan.: 57 Philly Fed Non-Manufacturing Dec.: 32.5 Jan.: n/a Jan.: 8.8

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