News and Information from Bond Buyer

Indicator Last Report Forecast Actual Consumer Confidence June: 86.4 July: 85.3 July: 90.9

Jul. 30, 2014 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 0.51 2.61 3.82 4.84 Indiana Aaa/AAA/AA+ 0.11 1.27 2.32 3.37 Iowa Aaa/AAA/AAA 0.11 1.28 2.31 3.36 Michigan Aa2/AA/AA 0.16 1.42 2.5 3.58 Minnesota Aa1/AA+/AA+ 0.11 1.24 2.26 3.27 Missouri Aaa/AAA/AAA 0.11 1.22 2.22 3.27 Nebraska NR/AAA/AA+ 0.13 1.33 2.4 3.44 North Dakota Aa1/AA+/NR 0.12 1.31 2.37 3.42 Ohio Aa1/AA+/AA+ 0.12 1.28 2.32 3.39 South Dakota NR/AA+/NR 0.12 1.32 2.41 3.47 Wisconsin Aa2/AA/AA 0.12 1.31 2.39 3.45

7/29/2014 7/22/2014 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 8 $325,455 6 $26,520 $298,935 Indiana 5 40,055 2 7,250 32,805 Iowa 3 57,665 1 17,560 40,105 Michigan 8 154,835 6 44,175 110,660 Minnesota 16 84,330 12 211,785 -127,455 Missouri 5 173,760 3 11,685 162,075 Nebraska 0 0 2 176,150 -176,150 North Dakota 2 24,410 2 24,690 -280 Ohio 4 162,885 3 26,760 136,125 South Dakota 0 0 0 0 0 Wisconsin 20 468,355 13 221,085 247,270

Wednesday, July 30 Issuer St Description Amount

Wednesday, July 30 Issuer St Description Amount

Week Of July 28 Issuer St Description Amount

Week Of July 28 Issuer St Description Amount

ARKANSAS

CALIFORNIA

Rockland County, N.Y. county executive Ed Day hailed Moody's Investor’s Service upgrade of his county's general obligation bonds to Baa2 from Baa3.

The Allen, Texas, Independent School District will use $2 million of existing bond funds to repairs a two-year-old stadium that cost $60 million to build.

Bids for munis in the secondary market surged Tuesday as investors looked for safe places to park funds amid heightened international tension.

Puerto Rico Electric Power Authority bonds are trading at low prices compared with those other issuers that have drawn on their debt service reserves, as investors weigh risks that range from the island's public corporation debt restructuring act to political pressure to restrain power prices.

Government

While Moody's Investors Service gives the states sector a stable outlook, some states are in better shape than others, rating agency analysts said in a conference call Tuesday.

The 6th circuit appeals court will hear oral arguments Wednesday on Syncora's appeal of a key decision in the Detroit bankruptcy, one of the insurer's five pending appeals in the case.

Illinois made headway in paying down its bill backlog in fiscal 2014, bringing the total to under $5 billion for the first time in years, as state revenues showed growth on par with estimates.

Analysts are conflicted over how investors should protect their 2014 returns and mitigate their interest rate risk for the rest of the year.

Standard & Poor's Ratings Services said it raised its long-term rating and underlying rating to AA-minus from A-plus on Gainesville, Texas' previously issued general obligation debt.

Highway construction project awards slacken in 2014 as states gird for possible delays, cuts in federal transportation spending.