News and Information from Bond Buyer

Indicator Last Report Forecast Actual Current Account Q4: -$87.3B Q1: -$96.4B Q1: -$111.2B

Jun. 19, 2014 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.14 1.34 2.51 3.56 Florida Aa1/AAA/AAA 0.14 1.36 2.45 3.57 Georgia Aaa/AAA/AAA 0.14 1.3 2.34 3.38 Kentucky Aa2/AA+/AA 0.16 1.43 2.57 3.62 Louisiana Aa2/AA/AA 0.15 1.4 2.52 3.57 Mississippi Aa2/AA/AA+ 0.16 1.4 2.55 3.59 North Carolina Aaa/AAA/AAA 0.14 1.3 2.34 3.38 South Carolina Aaa/AA+/AAA 0.14 1.32 2.37 3.41 Tennessee Aaa/AA+/AAA 0.14 1.31 2.39 3.43 Virginia Aaa/AAA/AAA 0.14 1.29 2.32 3.36 West Virginia Aa1/AA/AA 0.15 1.41 2.55 3.61

6/18/2014 6/11/2014 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 0 $0 0 $0 $0 Florida 4 264,220 2 37,300 226,920 Georgia 2 24,260 7 1,002,090 -977,830 Kentucky 4 63,570 6 153,675 -90,105 Louisiana 7 314,740 5 62,795 251,945 Mississippi 2 5,700 1 83,000 -77,300 North Carolina 0 0 5 229,495 -229,495 South Carolina 4 89,235 1 400,000 -310,765 Tennessee 2 28,265 1 18,525 9,740 Virginia 0 0 2 200,770 -200,770 West Virginia 1 44,435 2 48,865 -4,430

Thursday, June 19 Issuer St Description Amount

Thursday, June 19 Issuer St Description Amount

Week Of June 16 Issuer St Description Amount

Week Of June 16 Issuer St Description Amount

CONNECTICUT

ALABAMA

Moody’s Investors Service assigned a MIG 1 to $475 million in tax anticipation notes that Idaho plans to price June 24. The rating is Moody’s highest short-term rating.

Moody's Reinstates Aaa (sf) Rating for $2.1 million IHFA bonds that had been excluded from a rating by an administrative error.

Government

Lake Worth, Fla., has scheduled a referendum during the Aug. 26 state primary asking voters to approve $60 million in bonds for infrastructure projects.

The Chicago Transit Authority’s $555 million issue of sales tax revenue bonds was met with strong demand from yield-starved investors, even as trading slowed Wednesday.

Senators Chris Murphy and Bob Corker have joined forces in a push for higher federal gas taxes to fund highway projects.

The North Carolina General Assembly passed a bill clarifying that a regional commission should operate Charlotte Douglas International Airport.

Oregon sold $590 million of tax anticipation notes on Tuesday in its annual borrowing for cash-flow needs.

Airports want to double the federal passenger facility fee of $4.50 per head, but airlines see no need for the increase.

Veteran banker Diane Cummings has been appointed chief credit officer at the California Infrastructure and Economic Development Bank.

Miami-Dade County plans to restructure three swaps associated with 1996 and 1997 bonds that have paid off with positive cash flow since being negotiated.