News and Information from Bond Buyer

Municipal bonds on the intermediate part of the curve outperformed long term maturities, producing a positive return with less volatility in the past 18 months, according to Granite Springs Asset Management.

The City of New York will bring $900 million of tax-exempt fixed-rate general obligation refunding bonds, the largest deal in the negotiated market scheduled for next week.

Aug. 8, 2014 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aaa/AAA/AAA 0.11 1.22 2.23 3.25 California A1/A/A+ 0.14 1.28 2.45 3.66 Hawaii Aa2/AA/AA+ 0.12 1.3 2.41 3.46 Idaho Aa1/AA+/NR 0.11 1.32 2.43 3.48 Montana Aa1/AA/AA+ 0.11 1.3 2.42 3.47 Nevada Aa2/AA/AA+ 0.16 1.36 2.46 3.53 Oregon Aa1/AA+/AA+ 0.11 1.23 2.32 3.35 Washington Aa1/AA+/AA+ 0.12 1.3 2.42 3.48 Wyoming NR/AAA/NR 0.11 1.3 2.32 3.35

8/7/2014 7/31/2014 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 0 0 0 0 California 11 505,225 11 1,047,675 -542,450 Hawaii 0 0 0 0 0 Idaho 2 169,915 1 3,845 166,070 Montana 0 0 0 0 0 Nevada 0 0 0 0 0 Oregon 0 0 3 303,992 -303,992 Washington 1 67,465 2 97,220 -29,755 Wyoming 0 0 5 84,805 -84,805

Monday, August 11 Issuer St Description Amount

Friday, August 8 Issuer St Description Amount

Week Of August 11 Issuer St Description Amount

Friday, August 8 Issuer St Description Amount

Indicator Last Report Forecast Actual Initial Jobless Claims 7/26: 303,000 8/2: 305,000 8/2: 289,000 Continuing Claims 7/19: 2.542M 7/26: 2.505M 7/26: 2.518M Consumer Credit May: +$19.7B June: +18.5B June: +17.2B

ARKANSAS

ARIZONA

The Albuquerque Bernalillo County Water Authority expects savings of 8.52% on $195 million of revenue refunding bonds pricing this month.

The Bond Buyer's muni bond indexes were narrowly mixed in the week ending Aug. 7.

Hawaii plans to sell $150 million in bonds in November to fund a program that will provide low-interest loans targeting residents with poor credit or low income who want to install energy savings devices like solar panels on their homes.

Government

The Securities and Exchange Commission could have trouble punishing issuers and underwriters in court if they choose to fight rather than settle under the Municipalities Continuing Disclosure Cooperation initiative, lawyers and an economist said during a Thursday webinar.

A strong market and light primary allowed dealers to reprice their offerings, giving borrowers access to even cheaper capital.

Fort Worth Independent School District should be able to absorb a finding that it owes the Texas Education Agency nearly $40 million, according to Moody's Investors Service.

Tennessee won the best pricing in 15 years on $345 million of bonds this week, said Sandra Thompson, director of the Office of State and Local Finance.

Illinois' decision to conduct a revenue volatility study that could aid in the eventual development of a more robust rainy day fund won the struggling state some rare praise in a report from Pew Charitable Trusts.