News and Information from Bond Buyer

The modest supply scheduled for this week may hurt investors' hunt for high-yield, according to market participants.

The Treasury Department said Monday it will sell $25 billion of four-week discount bills Tuesday.

Texas factory activity, as measured by the production index, "increased for the 12th month in a row in April," according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas, released Monday.

Pending home sales surged 3.4% to an index reading of 97.4 in March, after a revised 0.5% drop to 94.2 in February, according to a report released Monday by the National Association of Realtors.

Settlements are coming quickly now in the Detroit bankruptcy case, as the city Monday announced a deal with a coalition of unions over collective bargaining agreements.

The Midwest Economy Index fell to negative 0.02 in March from a revised positive 0.05 in February, the Federal Reserve Bank of Chicago reported Monday.

The federal judge overseeing Detroit's bankruptcy will consider final approval of a key bankruptcy document Monday that includes a fresh settlement reached with retirees late Friday.

Apr. 28, 2014 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.2 1.34 2.56 3.79 Delaware Aaa/AAA/AAA 0.13 1.19 2.28 3.49 Maine Aa2/AA/AA 0.16 1.3 2.48 3.69 Maryland Aaa/AAA/AAA 0.15 1.21 2.28 3.49 Massachusetts Aa1/AA+/AA+ 0.16 1.27 2.44 3.7 New Hampshire Aa1/AA/AA+ 0.15 1.23 2.35 3.59 New Jersey Aa3/AA+/AA+ 0.2 1.39 2.61 3.84 New York Aa2/AA/AA 0.15 1.24 2.35 3.65 Pennsylvania Aa2/AA/AA 0.18 1.3 2.53 3.74 Rhode Island Aa2/AA/AA 0.19 1.39 2.6 3.87 Vermont Aaa/AA+/AAA 0.15 1.24 2.34 3.54 Dist. of Columbia Aa2/A+/AA+ 0.17 1.32 2.51 3.73 Puerto Rico Baa3/BB+/BBB- 7.95 8.79 9.08 8.19

4/25/2014 4/18/2014 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 1 $6,915 1 $11,455 -$4,540 Delaware 0 0 0 0 0 Maine 4 34,376 3 35,460 -1,084 Maryland 3 135,600 1 100,000 35,600 Massachusetts 4 45,373 1 1,225 44,148 New Hampshire 0 0 1 2,840 -2,840 New Jersey 7 206,235 10 1,375,970 -1,169,735 New York 8 122,270 9 215,435 -93,165 Pennsylvania 13 1,047,690 16 441,918 605,772 Rhode Island 0 0 1 79,450 -79,450 Vermont 0 0 0 0 0 District of Columbia 0 0 0 0 0 Puerto Rico 0 0 0 0 0

Monday, April 28 Issuer St Description Amount

Monday, April 28 Issuer St Description Amount

Week Of April 28 Issuer St Description Amount

Week Of April 28 Issuer St Description Amount

Day Indicator Last Report Forecast Monday Pending Home Sales Feb.: -0.8% March: +1.5% Tuesday Consumer Confidence March: 82.3 April: 83.0 Wednesday Employment Cost Index Q4: +2.6% Q1: +0.5% Wednesday GDP Q4: +2.7% Q1: +1.2% Wednesday GDP Core PCE Q4: +1.3% Q1: +1.2% Wednesday GDP Final Sales Q4: +2.4% Q1: +1.7% Wednesday Chicago PMI March: 55.9 April: 56.5 Thursday Initial Jobless Claims 4/19: 329,000 4/26: 318,000 Thursday Continuing Claims 4/12: 2.680M 4/19: 2.710M Thursday Personal Income Feb.: +0.3% March: +0.4% Thursday Consumption Feb.: +0.3% March: +0.6% Thursday Core PCE Feb.: +0.1% March: +0.2% Thursday Construction Spending Feb.: +0.1% March: +0.6% Thursday ISM Manufacturing March: 53.7 April: 54.2 Friday Nonfarm Payrolls March: +192,000 April: +210,0000 Friday Private Payrolls March: +192,000 April: +209,0000 Friday Manufacturing Payrolls March: -1,000 April: +7,0000 Friday Unemployment Rate March: 6.7% April: 6.6% Friday Avg Hrly Earnings March: unch April: +0.2% Friday Work Week March: 34.5 April: 34.5 Friday Factory Orders Feb.: +1.6% March: +1.4%

INDIANA

ALABAMA

An $834 million Pennsylvania general obligation sale may get plenty of attention this week in a market with little else to focus on, as volume reverts back to 2014's skimpy norm after inching up last week.

Chicago announced Friday that the CTA has secured a $79 million transportation Infrastructure Finance and Innovation Act loan to help fund a new $240 million 95th Street Terminal on a Chicago Transit Authority light-rail line.

Puerto Rico's economic activity index was up 0.6% in March from February.

Government