News and Information from Bond Buyer

Goldman Sachs lowered the yields on the $537 million Houston utilities system first lien revenue and refunding bonds that were priced on Thursday.

The Treasury Department Thursday auctioned $13 billion of 29-year 11-month bonds with a 3 3/8% coupon at a 3.444% high yield, a price of 98.713795.

The supply shortage in the tax-exempt market in 2014 is making summer reinvestment season especially challenging for cash-laden investors.

The Bond Dealers of America is urging the Securities and Exchange Commission to limit the scope of its continuing disclosure violation self-reporting program and the participation deadline by more than three months.

The Treasury Department said Thursday it will auction $7 billion 29-year 8-month inflation-indexed notes on June 19.

The Treasury Department said Thursday it will auction $25 billion 91-day bills and $23 billion 182-day discount bills Monday.

Detroit's new public lighting authority is gearing up for its first public bond sale, which has earned an A-minus rating from Standard & Poor's.

The $1.7 billion Los Angeles Unified School District general obligation bonds that J.P. Morgan is scheduled to price on Thursday are captivating investors.

State general fund spending is increasing, although it continues to lag behind historical averages and revenue growth remains small in some states, according to a new report from the National Association of State Budget Officers.

Business inventories rose 0.6% to $1.728 trillion in April, while sales increased 0.7% to $1.337 trillion, the Commerce Department reported Thursday.

Initial jobless claims climbed 4,000 to 317,000 in the week ended June 7, the Labor Department said Thursday.

Jun. 12, 2014 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.14 1.32 2.5 3.58 Florida Aa1/AAA/AAA 0.14 1.34 2.44 3.59 Georgia Aaa/AAA/AAA 0.14 1.28 2.33 3.4 Kentucky Aa2/AA+/AA 0.16 1.41 2.56 3.64 Louisiana Aa2/AA/AA 0.15 1.38 2.51 3.59 Mississippi Aa2/AA/AA+ 0.16 1.38 2.54 3.61 North Carolina Aaa/AAA/AAA 0.14 1.28 2.33 3.4 South Carolina Aaa/AA+/AAA 0.14 1.3 2.36 3.43 Tennessee Aaa/AA+/AAA 0.14 1.29 2.38 3.45 Virginia Aaa/AAA/AAA 0.14 1.27 2.31 3.38 West Virginia Aa1/AA/AA 0.15 1.38 2.54 3.63

6/11/2014 6/4/2014 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 0 $0 0 $0 $0 Florida 2 37,300 4 439,300 -402,000 Georgia 7 1,002,090 10 1,347,990 -345,900 Kentucky 6 153,675 4 142,340 11,335 Louisiana 5 62,795 2 19,600 43,195 Mississippi 1 83,000 1 83,000 0 North Carolina 5 229,495 0 0 229,495 South Carolina 1 400,000 0 0 400,000 Tennessee 1 18,525 5 196,015 -177,490 Virginia 2 200,770 8 398,000 -197,230 West Virginia 2 48,865 0 0 48,865

Indicator Last Report Forecast Actual Treasury Budget April: +$106.9B May: n/a May: -$130.0B

Thursday, June 12 Issuer St Description Amount

Thursday, June 12 Issuer St Description Amount

Week Of June 9 Issuer St Description Amount

Week Of June 9 Issuer St Description Amount

ARIZONA

ARIZONA