News and Information from Bond Buyer

The Treasury Department Tuesday auctioned $25 billion of four-week bills at a 0.010% high yield, a price of 99.999222.

Standard & Poor's Ratings Services said it raised its long-term and underlying rating on Newport News, Va.'s general obligation bonds outstanding one notch to AA-plus from AA, and the rating on the city's appropriation-backed obligations to AA from AA-minus.

Yields on the general obligation bonds that were part of Puerto Rico's giant $3.5 billion issuance in March are falling as the market prepares for Governor Alejandro Garcia Padilla's speech Tuesday evening.

Texas service sector activity rose in April, according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index gained to 18.5 from 16.5.

The Florida Government Finance Officers SpaceCoast Chapter and PFM Asset Management sponsor a training seminar on investment practices on May 2.

The consumer confidence index slipped to 82.3 in April from a revised 82.9 last month, The Conference Board reported Tuesday.

A new credit issued by New York's Metropolitan Transportation Authority secured by payroll mobility tax revenues should be its highest rated, according to finance director Patrick McCoy.

Apr. 29, 2014 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.2 1.39 2.58 3.81 Arkansas Aa1/AA/NR 0.15 1.22 2.35 3.55 Colorado Aa1/AA/NR 0.16 1.3 2.49 3.7 Kansas Aa1/AA+/NR 0.15 1.27 2.42 3.62 New Mexico Aaa/AA+/NR 0.15 1.23 2.39 3.6 Oklahoma Aa2/AA+/AA+ 0.16 1.3 2.48 3.69 Texas Aaa/AAA/AAA 0.15 1.23 2.35 3.54 Utah Aaa/AAA/AAA 0.15 1.19 2.27 3.46

4/28/2014 4/21/2014 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 3 $95,930 3 $160,730 -$64,800 Arkansas 4 35,040 1 3,520 31,520 Colorado 4 51,420 4 143,385 -91,965 Kansas 3 19,629 0 0 19,629 New Mexico 2 210,975 6 101,445 109,530 Oklahoma 44 105,360 27 69,610 35,750 Texas 33 657,965 49 1,626,483 -968,518 Utah 0 0 1 25,000 -25,000

Indicator Last Report Forecast Actual Pending Home Sales Feb.: -0.5% March: +1.5% March: +3.4%

Tuesday, April 29 Issuer St Description Amount

Tuesday, April 29 Issuer St Description Amount

Week Of April 28 Issuer St Description Amount

Week Of April 28 Issuer St Description Amount

IOWA

INDIANA

Illinois Gov. Pat Quinn raised the idea of sharing more state income tax revenue with local governments to help them stabilize their local pension systems without hitting homeowners too hard on their property tax bills.

Atlanta hopes a new financial incentive program will stimulate international air cargo and passenger growth at Hartsfield-Jackson Atlanta International Airport.

Re-introducing the Build America Bonds program would once again drive much-needed infrastructure spending and broaden the buyer base to non-traditional taxable investors, while at the same time providing a complementary alternative to the currently challenged landscape of the traditional tax-exempt market.

Government