News and Information from Bond Buyer

Standard & Poor's Ratings Services said it revised its outlook to positive from stable and affirmed its A issuer credit rating and underlying rating on DeSoto Independent School District, Texas' unlimited-tax bonds.

The trial to decide if Detroit's bankruptcy confirmation plan will be approved closed with attorneys for the city defending its debt-adjustment plan as fair to creditors and capable of setting the city on a path to revitalization.

Indicator Last Report Forecast Actual Pending Home Sales Aug.: -1.0% Sept.: +0.5% Sept.: +0.3%

Oct. 28, 2014 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.19 1.24 2.32 3.29 Arkansas Aa1/AA/NR 0.14 1.11 2.1 3.06 Colorado Aa1/AA/NR 0.15 1.15 2.21 3.19 Kansas Aa1/AA+/NR 0.14 1.15 2.17 3.13 New Mexico Aaa/AA+/NR 0.14 1.12 2.14 3.11 Oklahoma Aa2/AA+/AA+ 0.15 1.18 2.21 3.18 Texas Aaa/AAA/AAA 0.14 1.13 2.09 3.05 Utah Aaa/AAA/AAA 0.14 1.08 2.02 2.97

10/27/2014 10/20/2014 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 3 $337,500 0 $0 $337,500 Arkansas 6 24,350 4 18,980 5,370 Colorado 5 58,995 4 96,235 -37,240 Kansas 12 115,338 9 84,215 31,123 New Mexico 2 13,615 1 2,000 11,615 Oklahoma 1 125,000 0 0 125,000 Texas 33 337,270 31 326,326 10,944 Utah 1 58,835 3 81,780 -22,945

Tuesday, October 28 Issuer St Description Amount

Tuesday, October 28 Issuer St Description Amount

Week Of October 27 Issuer St Description Amount

ILLINOIS

TEXAS

After an impressive municipal rally investors wonder whether a correction is imminent and are closely watching appetite for this week’s primary deals.

McLennan County in Central Texas is aiming for savings on $49 million of bonds for a privately-operated jail backed by an appropriation pledge if the inmate count falls below 325.

Government

San Bernardino's pension obligation bond creditors urged the judge in the city's bankruptcy case, now in its third year, to set a March 1 deadline for a plan of adjustment.

On the closing day of Detroit's bankruptcy trial, municipal research firm Municipal Market Advisors warned that the city may have just set itself up for another Chapter 9.

Standard & Poor's Ratings Services said it revised the outlook to stable from negative on McFarland Unified School District, Calif.'s general obligation (GO) bonds.

The Securities and Exchange Commission needs to remove regulatory impediments to the development of electronic trading platforms for the fixed income market and work to avoid a looming “liquidity cliff,” commissioner Daniel Gallagher said Friday.

Floating-rate notes enable New York's MTA to take advantage of the short part of the yield curve, finance director Patrick McCoy said.

New York City's Transitional Finance Authority plans to sell $850 million of future tax-secured subordinate bonds.