News and Information from Bond Buyer

Municipal Securities Rulemaking Board revenues totaled $32 million in fiscal year 2014, a 19% drop from the previous year, the board's annual report revealed.

Wholesale inventories increased 0.8% in November, the Commerce Department reported Friday.

Standard & Poor's Ratings Services believes two recent credit developments for the state of Kansas raise additional obstacles for Kansas to achieve structural budget balance in fiscal 2016 and potentially beyond.

Echoing comments made earlier this week, in light of the December employment report release, Federal Reserve Bank of Chicago President Charles Evans in a televised interview called for patience on rate hikes, suggesting he would prefer to wait until 2016 to raise rates.

U.S. inflationary pressures were lower in December, as the U.S. future inflation gauge fell to 104.1 from a revised November 104.5 reading, first reported as 104.7, according to data released Friday morning by the Economic Cycle Research Institute.

The municipal bond market on Friday was looking ahead to next week after finishing off the last of this week's big deals on Thursday.

State Treasurer John Chiang selected municipal bond veteran Tim Schaefer as deputy treasurer for public finance, among senior staff picks announced the week of his swearing in.

The Federal Reserve should not raise its target interest rate this year, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota repeated Thursday night.

Jan. 9, 2015 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aaa/AAA/AAA 0.14 1.25 1.94 2.72 California Aa3/A/A 0.16 1.33 2.13 2.95 Hawaii Aa2/AA/AA 0.15 1.34 2.08 2.85 Idaho Aa1/AA+/AA+ 0.14 1.36 2.09 2.89 Montana Aa1/AA/AA+ 0.14 1.33 2.08 2.88 Nevada Aa2/AA/AA+ 0.17 1.37 2.12 2.92 Oregon Aa1/AA+/AA+ 0.14 1.28 1.99 2.77 Washington Aa1/AA+/AA+ 0.14 1.33 2.09 2.91 Wyoming NR/AAA/NR 0.14 1.32 1.99 2.77

1/8/2015 1/1/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 0 0 0 0 California 8 834,370 9 716,345 118,025 Hawaii 0 0 0 0 0 Idaho 0 0 0 0 0 Montana 0 0 0 0 0 Nevada 0 0 0 0 0 Oregon 3 412,070 3 412,070 0 Washington 8 1,689,755 6 1,273,520 416,235 Wyoming 0 0 3 76,450 ?76,450

Friday, January 9 Issuer St Description Amount

Friday, January 9 Issuer St Description Amount

Wednesday, January 14 Issuer St Description Amount

Friday, January 9 Issuer St Description Amount

Indicator Last Report Forecast Actual Initial Jobless Claims 12/27: 298,000 1/3: 290,000 1/3: 294,000 Continuing Claims 12/20: 2.351M 12/27: 2.370M 12/27: 2.452M Consumer Credit Oct.: +$13.2B Nov.: +$15.0B Nov.: +$14.1B

FLORIDA

CALIFORNIA

Government

For the week ended Jan. 8, 2015 the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell eight basis points to 4.21% from 4.29% in the previous week.

Illinois lawmakers set a 2016 special election to fill the final two years of the late Judy Baar Topinka's upcoming term as comptroller, in a move attacked by Republicans as a political jab at incoming Gov.-elect Bruce Rauner.