News and Information from Bond Buyer

Targeted increases in transportation infrastructure funding are needed to overcome a 10-year backlog of neglected projects.

The Treasury Department auctioned $29 billion of seven-year notes, with a 2 1/8% coupon, a 2.235% high yield, a price of par.

New York Comptroller Thomas DiNapoli released a new fiscal stress list Thursday that showed downstate local governments were likely to be in fiscal stress than upstate ones.

California cities reeling from the California Public Employees' Retirement System plans to crank up rates over the next five years are looking for the exit door, but find the costs and the rules made by CalPERS make leaving all but impossible.

The newly issued New York City Sales Tax Asset Receivable Corporation topped trading lists by midday Thursday, indicating the deal's intense popularity.

Municipal managers say they're continuing to shield their clients' municipal assets from higher rates even though the timing of a rate hike remains uncertain and some are beginning to doubt rates will spike in the near term.

The Treasury Department said Thursday it will auction $24 billion 92-day bills and $24 billion 182-day discount bills Monday.

The newly issued New York City Sales Tax Asset Receivable Corporation deal strengthened in trading on Thursday morning, leading most-traded security lists.

Gov. Tom Corbett and his staff derided as campaign "silly season" the alarm bells raised by Pennsylvania's treasurer and auditor general over Pennsylvania's recent short-term borrowing.

Indicator Last Report Forecast Actual New Home Sales July: 412,000 Aug.: 430,000 Aug.: 504,000

Sep. 25, 2014 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.13 1.17 2.29 3.25 Florida Aa1/AAA/AAA 0.14 1.23 2.33 3.31 Georgia Aaa/AAA/AAA 0.13 1.17 2.2 3.12 Kentucky Aa2/AA+/AA 0.15 1.27 2.41 3.36 Louisiana Aa2/AA/AA 0.14 1.25 2.37 3.3 Mississippi Aa2/AA/AA+ 0.15 1.26 2.39 3.32 North Carolina Aaa/AAA/AAA 0.13 1.17 2.2 3.12 South Carolina Aaa/AA+/AAA 0.13 1.18 2.24 3.16 Tennessee Aaa/AA+/AAA 0.13 1.18 2.24 3.15 Virginia Aaa/AAA/AAA 0.13 1.16 2.19 3.11 West Virginia Aa1/AA/AA 0.14 1.26 2.4 3.34

9/24/2014 9/17/2014 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 0 0 1 15,810 -15,810 Florida 11 700,200 9 749,545 -49,345 Georgia 4 55,105 5 334,430 -279,325 Kentucky 1 2,070 0 0 2,070 Louisiana 1 82,740 1 82,740 0 Mississippi 2 10,455 1 2,500 7,955 North Carolina 2 273,675 4 317,055 -43,380 South Carolina 0 0 0 0 0 Tennessee 2 88,800 2 54,310 34,490 Virginia 1 235,660 3 496,015 -260,355 West Virginia 1 76,270 0 0 76,270

Thursday, September 25 Issuer St Description Amount

Thursday, September 25 Issuer St Description Amount

Thursday, September 25 Issuer St Description Amount

Week Of September 22 Issuer St Description Amount

ARKANSAS

ARIZONA

Tuesday's strength in the primary market spread into pricing on Wednesday as issuers picked up aggressive bids and netted cheap borrowing costs.

John Provenzano, former government relations director for Delta Air Lines in Washington D.C., was announced on Tuesday as new executive director for The National Association of State Treasurers.