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Texas service sector activity showed slower expansion in May, according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index slipped to 13.1 from 18.5.
May 28 -
The Detroit Institute of Arts, which has found itself at the center of the city's high-profile bankruptcy, warned that any attempt by creditors to cash in on the city owned museum's art would spark expensive litigation and undermine Detroit's post-Chapter 9 recovery.
May 28
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Tapering should result in the end of quantitative easing in the last quarter of 2014, and Federal Reserve Bank of Atlanta President and Chief Executive Officer Dennis Lockhart said he is "comfortable" with the first rate hike, or liftoff in the last half of 2015.
May 28 -
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Indicator Last Report Forecast Actual Durable Goods March: +3.6% April: -0.5% April: +0.8% Durable Goods ex-trans March: +2.9% April: unch April: +0.1% Consumer Confidence April: 81.7 May: 83.0 May: 83.0
May 28 -
May. 28, 2014 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 0.35 1.97 3.32 4.45 Indiana Aaa/AAA/AA+ 0.15 1.23 2.33 3.43 Iowa Aaa/AAA/AAA 0.15 1.24 2.32 3.42 Michigan Aa2/AA/AA 0.2 1.38 2.51 3.64 Minnesota Aa1/AA+/AA+ 0.15 1.21 2.27 3.33 Missouri Aaa/AAA/AAA 0.15 1.18 2.23 3.33 Nebraska NR/AAA/AA+ 0.17 1.29 2.41 3.5 North Dakota Aa1/AA+/NR 0.16 1.27 2.38 3.48 Ohio Aa1/AA+/AA+ 0.16 1.28 2.36 3.5 South Dakota NR/AA+/NR 0.16 1.28 2.42 3.53 Wisconsin Aa2/AA/AA 0.16 1.27 2.4 3.52
May 28 -
5/27/2014 5/20/2014 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 11 $870,005 5 $157,040 $712,965 Indiana 8 51,910 12 185,040 -133,130 Iowa 11 93,035 4 39,985 53,050 Michigan 7 164,810 8 132,350 32,460 Minnesota 24 91,555 23 97,330 -5,775 Missouri 5 78,975 5 999,430 -920,455 Nebraska 1 12,600 1 12,600 0 North Dakota 1 17,000 0 0 17,000 Ohio 4 289,230 7 272,173 17,057 South Dakota 0 0 0 0 0 Wisconsin 15 65,790 20 85,270 -19,480
May 28 -
Pima County, Ariz., Regional Transportation Authority will issue its second $150 million issue with an upgrade from Standard & Poor's.
May 27
- Puerto Rico
Puerto Rico Gov. Alejandro García Padilla signed a bill Tuesday setting new rules for Puerto Rico's electricity sector.
May 27
- Illinois
A last-minute measure to overhaul Cook County, Ill.'s troubled pension system sailed through the state Senate Tuesday just hours after it was introduced, and now heads to the House.
May 27
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Investors' ravenous demand for high-yield municipal bonds has created an optimal environment for lower-rated issuers, analysts say.
May 27
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Facing financial straits the Regional Transportation District is considering using bus rapid transit instead of a costly rail line to Denver's northwestern suburbs.
May 27
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Trading activity was limited Tuesday as low supply and a lack of demand were an indication of a quiet municipal market.
May 27 - Texas
Corpus Christi Independent School District trustees are considering a $250 million bond proposition in November as it struggles to complete schools financed by a 2010 issue.
May 27
