News and Information from Bond Buyer

New York City projects a balanced budget and manageable out-year budget gaps under current economic conditions, State Comptroller Thomas DiNapoli told the Financial Control Board.

Rising Treasuries have pushed reluctant buyers into the municipal market, creating one of the more active days in the secondary, traders say.

Standard & Poor's lowered its long-term rating to A from AA-minus on bonds issued for Baptist Memorial Health Care Corp., Tenn., citing losses.

The Treasury Department auctioned $35 billion of five-year notes, with a 1 5/8% coupon, a 1.720% high yield, a price of 99.546716.

UBS is facing more than $600 million in damage claims filed by Puerto Rico investors in closed-end bond funds, the bank said in its second quarter earnings report Tuesday.

Moody's Investors Service downgraded three tranches of Fort Irwin Land LLC, Calif. military housing revenue bonds citing concern over volatility and debt service coverage.

California State University is planning to sell $744 million of revenue bonds this week to refund outstanding debt and provide funding for various campus projects across the state.

The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.030% high yield, a price of 99.997667.

The Detroit Metropolitan Wayne County Airport is heading to market next week with $107 million of airport revenue bonds, hoping it doesn't take too much of a beating for carrying what is one of the most tainted names in the municipal bond world.

The MBTA Retirement Fund defended its performance and called a highly critical Pioneer Institute report 'preconceived."

Texas service sector activity showed faster expansion in July, according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index gained to 21.5 from 16.9.

Detroit emergency manager Kevyn Orr Tuesday issued an order that gives the city's mayor control of the Detroit Water and Sewerage Department.

The consumer confidence index gained to 90.9 in July from a revised 86.4 last month, The Conference Board reported Tuesday.

The Hawaii highway deal set to price Tuesday will benefit from a combination of inflows and a light issuance week on the primary calendar.

Jul. 29, 2014 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.16 1.41 2.5 3.57 Arkansas Aa1/AA/NR 0.11 1.24 2.27 3.33 Colorado Aa1/AA/NR 0.12 1.32 2.41 3.49 Kansas Aa1/AA+/NR 0.11 1.29 2.34 3.4 New Mexico Aaa/AA+/NR 0.11 1.25 2.31 3.38 Oklahoma Aa2/AA+/AA+ 0.12 1.32 2.39 3.46 Texas Aaa/AAA/AAA 0.11 1.23 2.27 3.32 Utah Aaa/AAA/AAA 0.11 1.21 2.19 3.24

Indicator Last Report Forecast Actual Pending Home Sales May: 103.8 June: n/a June: 102.7

7/28/2014 7/21/2014 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 0 $0 1 $25,000 -$25,000 Arkansas 4 13,440 4 20,255 -6,815 Colorado 2 36,200 2 36,200 0 Kansas 5 43,405 9 71,945 -28,540 New Mexico 0 0 5 790,790 -790,790 Oklahoma 2 61,045 3 26,520 34,525 Texas 38 1,415,860 46 1,368,394 47,466 Utah 1 40,000 1 155,435 -115,435

Tuesday, July 29 Issuer St Description Amount

Tuesday, July 29 Issuer St Description Amount

Week Of July 28 Issuer St Description Amount