News and Information from Bond Buyer

ARIZONA

May. 22, 2014 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.15 1.21 2.34 3.44 Florida Aa1/AAA/AAA 0.15 1.23 2.3 3.45 Georgia Aaa/AAA/AAA 0.15 1.17 2.17 3.26 Kentucky Aa2/AA+/AA 0.17 1.32 2.39 3.49 Louisiana Aa2/AA/AA 0.16 1.27 2.37 3.47 Mississippi Aa2/AA/AA+ 0.17 1.27 2.38 3.44 North Carolina Aaa/AAA/AAA 0.15 1.17 2.17 3.26 South Carolina Aaa/AA+/AAA 0.15 1.18 2.19 3.28 Tennessee Aaa/AA+/AAA 0.15 1.18 2.22 3.31 Virginia Aaa/AAA/AAA 0.15 1.16 2.15 3.24 West Virginia Aa1/AA/AA 0.16 1.27 2.37 3.48

5/21/2014 5/14/2014 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 0 $0 0 $0 $0 Florida 8 169,390 5 255,945 -86,555 Georgia 8 1,320,690 2 24,260 1,296,430 Kentucky 3 6,565 2 23,005 -16,440 Louisiana 0 0 3 40,255 -40,255 Mississippi 0 0 2 4,050 -4,050 North Carolina 2 17,555 1 46,035 -28,480 South Carolina 3 67,875 6 198,580 -130,705 Tennessee 2 33,600 1 2,305 31,295 Virginia 7 690,560 7 690,560 0 West Virginia 1 26,625 0 0 26,625

Thursday, May 22 Issuer St Description Amount

Government

New Jersey Gov. Chris Christie's plan to cut the state's contribution to its pension system to make up for lower-than-anticipated revenue is a credit negative, according to Fitch Ratings.

A sale of Dallas-Fort Worth, Texas airport joint revenue improvement bonds was increased to $222.4 million from $190.15 million on Wednesday, boosted by demand for higher-yielding debt.

The Los Angeles Department of Water and Power is anticipating strong demand and tight spreads when it prices $322 million in power revenue bonds on May 28-29.

Former U.S. Transportation Secretary Ray LaHood joins infrastructure investor Meridiam North America as senior advisor.

The House Appropriations Committee approved a 2015 transportation budget that keeps federal highway funding at 2014 levels.

Cobb County, Ga.'s $368 million taxable Atlanta Braves stadium deal should help fill investor demand for taxable bonds amid a dearth of supply, experts said.

The risk of a Long Island Rail Road strike hovers over officials at New York's MTA, even as board members approved a five-year deal with its subway workers.

Moody's Investors Service has downgraded to A3 from A1 the underlying rating on New Boston Local School District, Ohio's general obligation unlimited tax debt.

Municipal bonds sold off slightly following release of the Federal Reserve Open Market Committee's minutes, which said continued stimulus won't cause excessive inflation, and showed the Fed discussed tools it would use for "eventual normalization," stressing it wouldn't happen soon.

Securities and Exchange Commission attorney Peter Chan defended the commission's Municipalities Continuing Disclosure Cooperation Initiative Wednesday, telling issuer officials not to succumb to fear or confusion about the MCDC one day after the leader of a dealer group blasted the program.

A dealer group is urging the Securities and Exchange Commission to suspend and reject the Municipal Securities Rulemaking Board's proposal to charge each municipal advisor professional $300 per year, warning it is unfair to dealer firms that have already paid for rules the MSRB is developing for MAs.

JP Morgan Chase CEO Jamie Dimon said Detroit's bankruptcy and proposed bondholder treatment shouldn't hurt the market for local Michigan bonds over the long run, according to the Detroit Free Press.

The Federal Open Market Committee and the Fed Board of Governors discussed tools that could be used in the "eventual normalization" of monetary policy, although the talks were considered "prudent planning," not a sign of impending action, according to minutes of the FOMC meeting of April 29 and 30, released Wednesday.

A Michigan House committee devoted to Detroit's bankruptcy unanimously approved legislation to authorize a $195 million state contribution to the city's pensions and outline oversight of the city post-bankruptcy for the next 20 years.

Targeting price level rather than inflation should be considered by the Federal Reserve, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Wednesday.