News and Information from Bond Buyer

Cost containment is vital to pension fund management, according Massachusetts Pension Reserves Management Board executive director Michael Trotsky.

The draft transportation bill released late Monday night by a Senate committee calls for $242.4 billion of federal funding for highway projects over six years.

The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.025% high yield, a price of 99.998056.

The $1 billion of New Jersey Turnpike Authority revenue bonds priced by Goldman, Sachs Tuesday, the largest deal expected this week, will receive strong demand from the buyside, market participants said.

Business inventories rose 0.4% to $1.717 trillion in March, while sales increased 1.0% to $1.326 trillion, the Commerce Department reported Tuesday.

Atlanta Mayor Kasim Reed has appointed Miguel Southwell as the new general manager of Hartsfield-Jackson Atlanta International Airport.

The "Detroit Three" automakers are reportedly considering giving up to $25 million or more in a plan that would raise money for the bankrupt city's pensioners while protecting the city's prized art collection.

Investors that hold roughly $5.3 billion of Detroit revenue bonds as well as $1.4 billion of its pension certificate debt filed objections to the city's plan of debt adjustment, laying out the arguments they will present at a bankruptcy trial two months away.

May. 13, 2014 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.2 1.42 2.57 3.7 Arkansas Aa1/AA/NR 0.15 1.25 2.34 3.44 Colorado Aa1/AA/NR 0.16 1.33 2.48 3.59 Kansas Aa1/AA+/NR 0.15 1.3 2.41 3.51 New Mexico Aaa/AA+/NR 0.15 1.26 2.38 3.49 Oklahoma Aa2/AA+/AA+ 0.16 1.33 2.47 3.58 Texas Aaa/AAA/AAA 0.15 1.25 2.34 3.43 Utah Aaa/AAA/AAA 0.15 1.22 2.26 3.35

5/12/2014 5/5/2014 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 1 $30,275 5 $78,175 -$47,900 Arkansas 1 1,775 2 8,035 -6,260 Colorado 2 36,200 3 45,535 -9,335 Kansas 13 83,077 10 162,447 -79,370 New Mexico 3 210,665 3 220,475 -9,810 Oklahoma 42 64,575 43 66,745 -2,170 Texas 33 660,060 32 630,877 29,183 Utah 0 0 0 0 0

Tuesday, May 13 Issuer St Description Amount

Tuesday, May 13 Issuer St Description Amount

Week Of May 12 Issuer St Description Amount

Week Of May 12 Issuer St Description Amount

IOWA

ALABAMA

Indicator Last Report Forecast Actual Treasury Budget March: -$36.9B April: +$114.0B April: +$106.9B

Photos from the 24th Annual Muni Forum Awards and Urban Leadership Fellows Fundraising Dinner on May 7, 2014 in Manhattan.

The credit rating of Colorado Springs Utilities is expected to withstand the impact of a fire that shut down the Martin Drake coal-fired power plant, according to Moody's Investors Service.

Lake Worth, Fla., holds a series of public meetings to discuss infrastructure improvements, some of which are expected to be financed with $60 million in bonds.