News and Information from Bond Buyer

The Municipal Securities Rulemaking Board will discuss plans to rebuild the MSRB's real-time reporting system, as well as comments it has received on its proposed municipal advisor conduct rule and best execution rule when the board meets in Alexandria, Va. next week.

Faced with legal challenges to its plans for a publicly-backed hotel near the Oregon Convention Center, the Portland Metro Council has asked a judge to review its financing plan for the project.

Municipal bonds strengthened on the long-end after receiving weak economic data on Wednesday.

The Treasury Department auctioned $35 billion of five-year notes, with a 1 5/8% coupon, a 1.732% high yield, a price of 99.489624.

Standard & Poor's has revised its outlook on New Hampshire's general obligation AA bond rating to negative from stable.

The market is focusing on the New Jersey Economic Development Authority's $1.2 billion of school facilities construction refunding bonds scheduled to come to market Wednesday, with traders expecting the deal will price attractively.

Sales of new single-family homes plunged 14.5% to a 384,000 seasonally adjusted annual rate in March, according to data released by the Commerce Department Wednesday.

Limiting the stays of Pennsylvania cities in the workout program for distressed communities could be counterproductive, said an aide to Gov. Tom Corbett.

Moody's Investors Service said it has downgraded South Washington County Independent School District 833, Minn.'s general obligation underlying rating to Aa3 from Aa1, which applies to $277.6 million of post-sale GO debt.

Standard & Poor's said in a report released Wednesday that it is closely watching states' fiscal 2015 budgets for signs of over-spending or large tax cuts.

Wednesday, April 23 Issuer St Description Amount

Wednesday, April 23 Issuer St Description Amount

Week Of April 21 Issuer St Description Amount

Week Of April 21 Issuer St Description Amount

MISSOURI

CALIFORNIA

Indicator Last Report Forecast Actual Existing Home Sales Feb.: 4.600M March: 4.700M March: 4.590M

Apr. 23, 2014 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 0.6 2 3.32 4.62 Indiana Aaa/AAA/AA+ 0.15 1.21 2.4 3.65 Iowa Aaa/AAA/AAA 0.15 1.22 2.39 3.64 Michigan Aa2/AA/AA 0.2 1.36 2.58 3.86 Minnesota Aa1/AA+/AA+ 0.15 1.18 2.34 3.55 Missouri Aaa/AAA/AAA 0.15 1.15 2.27 3.52 Nebraska NR/AAA/AA+ 0.17 1.27 2.48 3.72 North Dakota Aa1/AA+/NR 0.16 1.25 2.42 3.69 Ohio Aa1/AA+/AA+ 0.16 1.25 2.47 3.74 South Dakota NR/AA+/NR 0.16 1.26 2.49 3.75 Wisconsin Aa2/AA/AA 0.16 1.25 2.47 3.74

4/22/2014 4/15/2014 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 13 $1,156,650 7 $50,660 $1,105,990 Indiana 10 53,445 9 66,595 -13,150 Iowa 11 104,280 9 86,145 18,135 Michigan 6 52,755 4 43,035 9,720 Minnesota 25 253,370 13 251,500 1,870 Missouri 5 264,495 4 270,397 -5,902 Nebraska 0 0 0 0 0 North Dakota 1 26,465 2 5,950 20,515 Ohio 8 473,055 5 130,725 342,330 South Dakota 0 0 0 0 0 Wisconsin 15 200,565 17 132,345 68,220