News and Information from Bond Buyer

Aug. 5, 2014 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.16 1.42 2.57 3.62 Arkansas Aa1/AA/NR 0.11 1.27 2.35 3.39 Colorado Aa1/AA/NR 0.12 1.33 2.48 3.54 Kansas Aa1/AA+/NR 0.11 1.31 2.42 3.46 New Mexico Aaa/AA+/NR 0.11 1.28 2.39 3.44 Oklahoma Aa2/AA+/AA+ 0.12 1.35 2.47 3.52 Texas Aaa/AAA/AAA 0.11 1.26 2.36 3.38 Utah Aaa/AAA/AAA 0.11 1.24 2.27 3.3

8/4/2014 7/28/2014 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 1 $37,525 0 $0 $37,525 Arkansas 5 37,720 4 13,440 24,280 Colorado 4 58,320 2 36,200 22,120 Kansas 14 145,032 5 43,405 101,627 New Mexico 1 8,505 0 0 8,505 Oklahoma 2 635 2 61,045 -60,410 Texas 36 860,239 38 1,415,860 -555,621 Utah 1 15,000 1 40,000 -25,000

Tuesday, August 5 Issuer St Description Amount

Tuesday, August 5 Issuer St Description Amount

Week Of August 4 Issuer St Description Amount

Week Of August 4 Issuer St Description Amount

CONNECTICUT

ILLINOIS

Government

The Treasury Department's new Office of State and Local Finance is adding a senior policy advisor focused on public sector pensions, the office's director, Kent Hiteshew said Monday.

Fitch Ratings Monday downgraded Lorain County, Ohio, warning that the county has shown problems balancing its budget and seen some economic weakening.

A bill quietly introduced months ago may have helped get the SEC moving toward developing rules that require dealers to disclose their markups in riskless principal transactions.

The Independent School District of Dripping Springs, Texas, priced $163.9 million of general obligation bonds led by Raymond James, feeding the municipal market’s hunger for supply on a slow Monday.

Shortening duration, buying premium bonds, and minimizing risk are three paths municipal managers are taking as the second half of 2014 gets under way in anticipation of higher interest rates.

Moody's Investors Service said it has downgraded Butler County USD 375, Kan.'s general obligation rating to A2 from A1.

New York City plans to sell $900 million of GO refunding bonds Aug. 13 after a two-day retail period.

The Treasury Department said Monday it estimates it will borrow $192 billion in the third quarter of 2014, assuming a $150 billion cash balance on September 30, 2014.

Short-term patch of the Highway Trust Fund is credit positive for $12 billion of state highway Garvee bonds, Moody's says. But neither it nor other major rating agencies are planning to change Garvee ratings or outlooks.

Illinois' current fiscal strains pose a threat to the credits of state's public universities that rely heavily on state subsidies, Standard & Poor's warns in a new report.

Massachusetts lawmakers let stand Gov. Deval Patrick's veto of a measure that would have repealed subjecting the MBTA Retirement Fund to an open-records law.