News and Information from Bond Buyer

Tax-exempt money market fund outflows slowed to $3.48 billion as total net assets dropped to $257.62 billion in the week ended April 28, according to The Money Fund Report, a service of iMoneyNet.com.

Yields for Puerto Rico's March $3.5 billion general obligation issuance's bonds fell Thursday.

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

The overall economy grew for the fifty-ninth straight time, while the manufacturing sector expanded for the eleventh consecutive month, the Institute for Supply Management reported Thursday.

Construction spending rose 0.2% in March, the Commerce Department said, 8.4% above the March 2013 level.

Ending the tax exemption for municipal bonds would seriously impair the ability of municipal issuers to fix infrastructure, according to Maryland's treasurer.

While Detroit's agreement with bond insurers treats the unlimited tax general obligation (ULTGO) bonds closer to Fitch's expectations than those the city proposed, bankruptcy treatment of the utility bonds and the city's suit to invalidate certificates of participation (COPs) challenge traditional rating distinctions linked to bondholder security,. according to a Fitch Ratings report.

*Update: Fitch downgrades New Jersey to A-plus (April 30)

Moody's Investors Service downgraded Kansas' issuer rating to Aa2 from Aa1 on April 30, citing the state's weak economy and piecemeal approach to balancing the state budget.

The Los Angeles City Council Tuesday approved the appointment of Sharon Tso to be the city's next legislative analyst.

Indicator Last Report Forecast Actual Employment Cost Index Q4: +0.5% Q1: +0.5% Q1: +0.3% GDP Q4: +2.6% Q1: +1.2% Q1: +0.1% GDP Core PCE Q4: +1.1% Q1: +1.2% Q1: +1.4% GDP Final Sales Q4: +2.7% Q1: +1.7% Q1: +0.7% Chicago PMI March: 55.9 April: 56.5 April: 63.0

May. 1, 2014 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.15 1.27 2.47 3.68 Florida Aa1/AAA/AAA 0.15 1.3 2.45 3.69 Georgia Aaa/AAA/AAA 0.15 1.23 2.3 3.5 Kentucky Aa2/AA+/AA 0.17 1.38 2.52 3.73 Louisiana Aa2/AA/AA 0.16 1.33 2.5 3.71 Mississippi Aa2/AA/AA+ 0.17 1.33 2.51 3.68 North Carolina Aaa/AAA/AAA 0.15 1.23 2.3 3.5 South Carolina Aaa/AA+/AAA 0.15 1.26 2.33 3.52 Tennessee Aaa/AA+/AAA 0.15 1.24 2.35 3.55 Virginia Aaa/AAA/AAA 0.15 1.22 2.28 3.48 West Virginia Aa1/AA/AA 0.16 1.33 2.5 3.72

4/30/2014 4/23/2014 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 2 $32,755 3 $62,795 -$30,040 Florida 5 137,570 9 416,665 -279,095 Georgia 2 24,260 2 24,260 0 Kentucky 5 81,835 6 129,735 -47,900 Louisiana 2 28,180 4 60,145 -31,965 Mississippi 2 6,000 0 0 6,000 North Carolina 1 199,040 4 130,665 68,375 South Carolina 3 65,020 0 0 65,020 Tennessee 1 29,125 4 216,040 -186,915 Virginia 4 430,795 6 438,705 -7,910 West Virginia 0 0 0 0 0

Thursday, May 1 Issuer St Description Amount

Thursday, May 1 Issuer St Description Amount

Week Of April 28 Issuer St Description Amount

Week Of April 28 Issuer St Description Amount

CALIFORNIA

ARIZONA

Government