News and Information from Bond Buyer

Investors will probably pile into the $5.4 billion short-term Texas deal on Tuesday thanks to a light primary calendar and the looming threat of rising interest rates.

Standard & Poor's raised Detroit's water and sewer revenue bonds three levels up from junk bond territory ahead of the city's $1.8 billion sale of mostly refunding bonds, offering a more positive assessment than Fitch Ratings or Moody's Investors Service.

The Treasury Department Tuesday auctioned $50 billion of four-week bills at a 0.030% high yield, a price of 99.997667.

Moody's Investors Service said it has downgraded to A2 from A1 the rating on the city of Kirtland, Ohio's outstanding general obligation limited tax debt.

Atlanta-based IFS Securities hired former New York Gov. David Paterson as chief strategist of U.S. affairs and chairman of the firm's advisory board.

The Louisiana Transportation Funding Task Force holds its first meeting Sept. 10 to begin studying new ways of funding road and bridge projects.

Texas service sector activity showed slightly slower expansion in August, according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index dipped to 21.0 from 21.5.

Service sector activity "accelerated" in August, according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Manufacturing activity in the central Atlantic region "continued to improve" in August, according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index rose to 12 in August from 7in July.

The consumer confidence index gained to 92.4 in August from a revised 90.3 last month, The Conference Board reported Tuesday.

A $106 million public works commission bond deal from Fayetteville, N.C., will top Tuesday's primary calendar after a $5.4 billion short-term Texas deal.

Indicator Last Report Forecast Actual New Home Sales June: 422,000 July: 430,000 July: 412,000

Aug. 26, 2014 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.16 1.27 2.44 3.44 Arkansas Aa1/AA/NR 0.11 1.14 2.22 3.21 Colorado Aa1/AA/NR 0.12 1.18 2.34 3.35 Kansas Aa1/AA+/NR 0.11 1.18 2.29 3.28 New Mexico Aaa/AA+/NR 0.11 1.15 2.26 3.26 Oklahoma Aa2/AA+/AA+ 0.12 1.21 2.33 3.33 Texas Aaa/AAA/AAA 0.11 1.13 2.22 3.19 Utah Aaa/AAA/AAA 0.11 1.11 2.14 3.12

8/25/2014 8/18/2014 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 0 $0 0 $0 $0 Arkansas 2 13,860 3 27,645 -13,785 Colorado 2 36,200 4 342,990 -306,790 Kansas 3 34,595 11 79,455 -44,860 New Mexico 1 18,000 2 185,155 -167,155 Oklahoma 4 26,635 3 15,435 11,200 Texas 24 731,452 26 450,185 281,267 Utah 1 11,460 1 4,550 6,910

Tuesday, August 26 Issuer St Description Amount

Tuesday, August 26 Issuer St Description Amount

Week Of August 25 Issuer St Description Amount

Week Of August 25 Issuer St Description Amount

IOWA

ALABAMA