News and Information from Bond Buyer

For the fourth year in a row, Colorado will issue $500 million of top-rated notes to cover cash flow.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.030% high rate, down from 0.040% the prior week, and the six-months incurred a 0.060% high rate, off from 0.065% the week before.

Texas Municipal Utility Districts have come far from their dirt-bond past and are expanding to keep pace with growth while supplying a lean muni market with higher-yielding bonds, experts say.

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

Municipal bond fund inflows fell to their lowest levels in the last nine weeks during the week leading into the Fourth of July holiday.

Texas Municipal Utility Districts have come far from their dirt-bond past and are expanding to keep pace with growth while supplying a lean muni market with higher-yielding bonds, experts say.

The Conference Board's Employment Trends Index (ETI) gained to 119.62 in June from an upwardly revised 119.03 in May, and is up 6.3% from a year ago, the group announced Monday.

The Puerto Rico sell-off may inject volatility into the market this week, market participants said.

CALIFORNIA

Monday, July 7 Issuer St Description Amount

Monday, July 7 Issuer St Description Amount

Week Of July 7 Issuer St Description Amount

Week Of July 7 Issuer St Description Amount

Day Indicator Last Report Forecast Tuesday Consumer Credit April: +$26.9B May: +$20.00B Thursday Initial Jobless Claims 6/28: 315,000 7/05: 312,000 Thursday Continuing Claims 6/21: 2.579M 6/28: 2.565M Thursday Wholesale Inventories April: +1.1% May: +0.7% Thursday Wholesale Sales April: +1.3% May: +0.7% Friday Treasury Budget May: -$130.0B June: n/a

Jul. 7, 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 2.62 3.65 Delaware Aaa/AAA/AAA 0.09 1.23 2.32 3.34 Maine Aa2/AA/AA 0.12 1.31 2.45 3.47 Maryland Aaa/AAA/AAA 0.11 1.24 2.33 3.35 Massachusetts Aa1/AA+/AA+ 0.12 1.31 2.49 3.56 New Hampshire Aa1/AA/AA+ 0.11 1.29 2.43 3.45 New Jersey Aa3/AA+/AA+ 0.21 1.55 2.69 3.72 New York Aa2/AA/AA 0.11 1.28 2.4 3.51 Pennsylvania Aa2/AA/AA 0.12 1.4 2.6 3.62 Rhode Island Aa2/AA/AA 0.15 1.46 2.67 3.74 Vermont Aaa/AA+/AAA 0.11 1.29 2.39 3.4 Dist. of Columbia Aa2/A+/AA+ 0.13 1.37 2.58 3.63 Puerto Rico Baa3/BB+/BBB- 7.71 8.84 9.73 8.15

7/7/2014 6/30/2014 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 4 $274,975 0 $0 $274,975 Delaware 3 211,795 0 0 211,795 Maine 1 43,190 0 0 43,190 Maryland 1 34,795 2 84,780 -49,985 Massachusetts 9 303,037 4 701,730 -398,693 New Hampshire 1 76,600 0 0 76,600 New Jersey 11 295,594 6 145,084 150,510 New York 12 112,613 8 35,407 77,206 Pennsylvania 10 145,385 5 32,400 112,985 Rhode Island 0 0 0 0 0 Vermont 4 117,080 0 0 117,080 District of Columbia 1 300,000 0 0 300,000 Puerto Rico 0 0 0 0 0

Government

Continuing its quest for documents tied to the sale of $1.4 billion of certificates of participation, Detroit Friday said it would subpoena one of the banks as well as public finance attorneys involved with the 2005 transaction.

Moody's Investors Service downgraded Howard University to Baa3 from Baa1 on Thursday.

Michigan Gov. Rick Snyder July 3 appointed a turnaround consultant to take control of a distressed Detroit suburb after city officials rejected a consent agreement with the state.