News and Information from Bond Buyer

The Treasury Department said Monday it will sell $35 billion of four-week discount bills Tuesday.

The online securities auction site Zions Direct – intent on becoming the "eBay of fixed income" -- is looking for a chance to price its first municipal primary market issue, according to chairman David Hemingway.

Monday, July 21 Issuer St Description Amount

Monday, July 21 Issuer St Description Amount

Week Of July 21 Issuer St Description Amount

Week Of July 21 Issuer St Description Amount

CALIFORNIA

ALABAMA

Day Indicator Last Report Forecast Tuesday CPI May: +0.4% June: +0.3% Tuesday CPI Core May: +0.3% June: +0.2% Tuesday Existing Home Sales May: 4.890M June: 4.980M Thursday Initial Jobless Claims 7/12: 302,000 7/19: 308,000 Thursday Continuing Claims 7/5: 2.507M 7/12: 2.510M Thursday New Home Sales May: 504,000 June: 480,000 Friday Durable Goods May: -1.0% June: +0.5% Friday Durable Goods ex-trans May: -0.1% June: +0.6%

Jul. 21, 2014 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.15 1.44 2.55 3.62 Delaware Aaa/AAA/AAA 0.09 1.24 2.25 3.31 Maine Aa2/AA/AA 0.12 1.32 2.38 3.44 Maryland Aaa/AAA/AAA 0.11 1.25 2.26 3.32 Massachusetts Aa1/AA+/AA+ 0.12 1.29 2.4 3.51 New Hampshire Aa1/AA/AA+ 0.11 1.3 2.36 3.42 New Jersey Aa3/AA+/AA+ 0.21 1.56 2.62 3.69 New York Aa2/AA/AA 0.11 1.28 2.33 3.48 Pennsylvania Aa2/AA/AA 0.12 1.41 2.55 3.59 Rhode Island Aa2/AA/AA 0.15 1.47 2.6 3.71 Vermont Aaa/AA+/AAA 0.11 1.3 2.32 3.37 Dist. of Columbia Aa2/A+/AA+ 0.13 1.38 2.51 3.6 Puerto Rico Baa3/BB+/BBB- 8.41 9.5 8.66 7.47

7/18/2014 7/11/2014 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 3 $14,085 4 $87,832 -$73,747 Delaware 0 0 0 0 0 Maine 2 60,615 0 0 60,615 Maryland 6 981,445 3 879,745 101,700 Massachusetts 3 132,657 4 27,963 104,694 New Hampshire 0 0 1 76,600 -76,600 New Jersey 4 19,034 5 25,375 -6,341 New York 9 257,246 11 837,257 -580,011 Pennsylvania 3 29,255 6 93,495 -64,240 Rhode Island 2 5,780 0 0 5,780 Vermont 0 0 0 0 0 District of Columbia 0 0 1 300,000 -300,000 Puerto Rico 0 0 0 0 0

Amid heightened demand for municipals and volume estimated to remain around $5 billion this week, competitive sales will dominate new-issue activity with a pair of Maryland general obligation offerings and an Alabama GO sale.

The CDFA and South Carolina Jobs-Economic Development Authority are partnering to launch the South Carolina Financing Roundtable.

Virginia is working on a plan to reduce severe congestion on Interstate 66 that could cost as much as $3 billion.

Puerto Rico's unemployment rate plunged seven tenths of a percentage point in June from May, bringing the rate to the lowest level since October 2008. But the number employed is also down.

Government

Illinois faces an additional $128 million tab for retiree health insurance due to the recent Illinois Supreme Court decision assigning constitutional protections to the benefits.

Municipal bonds outperformed Treasuries on Friday, strengthening for a fourth straight day.

The Detroit Institute of Arts has raised 80% of the $100 million it pledged to contribute to Detroit's underfunded pension debt.

The Amsterdam at Harborside bond trustee accidentally posted the retirement community's restructuring plan to EMMA this morning, only to promptly remove it and replace it with a blank PDF.