News and Information from Bond Buyer

Market participants expect that volume will be weak during the shortened four-day Memorial Day week.

The growing Austin suburb of Pflugerville is looking for additional water as city officials expect shortages by 2030.

Texas factory activity, as measured by the production index, "increased again in May," according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas, released Tuesday.

Service sector activity "strengthened" in May, according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Manufacturing activity in the central Atlantic region "increased at a steady pace of growth" in May, according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index rose to 10 in May from 6 in April.

The consumer confidence index gained to 83.0 in May from a revised 81.7 last month, The Conference Board reported Tuesday.

Arizona schools are awaiting a ruling on how much the state owes local school districts for money withheld during the recession to help balance the state budget.

U.S. durable goods orders climbed 0.8% in April, while excluding transportation orders grew 0.1%, the Commerce Department reported Tuesday.

Tuesday, May 27 Issuer St Description Amount

Tuesday, May 27 Issuer St Description Amount

Week Of May 27 Issuer St Description Amount

Week Of May 27 Issuer St Description Amount

INDIANA

ARIZONA

Day Indicator Last Report Forecast Tuesday Durable Goods March: +2.6% April: -0.5% Tuesday Durable Goods ex-trans March: +2.0% April: 0.0% Tuesday Consumer Confidence April: 82.3 May: 83.0 Thursday GDP Q4: +2.6% Q1: -0.5% Thursday GDP Final Sales Q4: +2.7% Q1: +0.6% Thursday Initial Jobless Claims 5/17: 326,000 5/24: 315,000 Thursday Continuing Claims 5/10: 2.653M 5/17: 2.650M Thursday Pending Home Sales March: +3.4% April: +1.0% Friday Personal Income March: +0.5% April: +0.3% Friday Consumption March: +0.9% April: +0.2% Friday Core PCE March: +0.2% April: +0.2% Friday Chicago PMI April: 63.0 May: 61.0 Friday U. of Mich. Sentiment April: 84.1 May: 82.5 Friday U. of Mich. Current April: 98.7 May: 95.8 Friday U. of Mich. Expectations April: 74.7 May: 74.0

May. 27, 2014 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.2 1.37 2.51 3.65 Arkansas Aa1/AA/NR 0.15 1.2 2.28 3.39 Colorado Aa1/AA/NR 0.16 1.28 2.42 3.54 Kansas Aa1/AA+/NR 0.15 1.25 2.35 3.46 New Mexico Aaa/AA+/NR 0.15 1.21 2.32 3.44 Oklahoma Aa2/AA+/AA+ 0.16 1.28 2.41 3.53 Texas Aaa/AAA/AAA 0.15 1.19 2.28 3.38 Utah Aaa/AAA/AAA 0.15 1.17 2.2 3.3

5/27/2014 5/20/2014 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 3 $88,690 3 $77,080 $11,610 Arkansas 3 24,270 3 21,780 2,490 Colorado 4 116,630 3 48,640 67,990 Kansas 3 12,760 10 319,855 -307,095 New Mexico 0 0 5 181,065 -181,065 Oklahoma 31 79,310 28 77,410 1,900 Texas 25 466,460 28 820,395 -353,935 Utah 3 66,005 1 13,000 53,005

Airport deals will dominate the shortened holiday week, as volume drops to a scheduled $4.1 billion from $6.24 billion in the past week.

The Puerto Rico Electric Power Authority's financial performance is missing targets, according to its recently posted figures through March.

The Internal Revenue Service's tax-exempt bond office is arguing that the technical advice memorandum on the Village Center Community Development District in Florida should be applied retroactively.