News and Information from Bond Buyer

Indianapolis has agreed to pay at least $164 million over the next 10 years to keep the professional basketball team the Indiana Pacers in town.

The Treasury Department Tuesday auctioned $25 billion of four-week bills at a 0.025% high yield, a price of 99.998056.

With Chicago and other local governments worried over the weight of pension obligations, the Civic Federation of Chicago is promoting creation of an authority designed to intervene with municipalities before deep fiscal strains reach a crisis stage

Municipal bond prices on the long end were lower Tuesday morning, according to Municipal Market Data's AAA scale, as Puerto Rico 8%-coupon bonds extend losses into a third day.

One judge was used to the limelight, the other wasn't. But Thomas Bennett and Mary France found themselves in the glare as they oversaw high-profile Chapter 9 cases.

Builders’ confidence in the market for new single-family homes grew as the National Association of Home Builders' housing market index - a monthly gauge of builder sentiment – rose to 47 in April from 46 in March.

Detroit bankruptcy Judge Steven Rhodes' decision to hire a municipal finance expert to review the city's bankruptcy plan attracted responses from five professionals, including a few well-known public finance figures.

The Empire State Manufacturing Survey plunged in April, the Federal Reserve Bank of New York reported Tuesday as the general business conditions index fell to 1.29 in April from 5.61 in March.

Tuesday, April 15 Issuer St Description Amount

FLORIDA

ILLINOIS

Tuesday, April 15 Issuer St Description Amount

Indicator Last Report Forecast Actual Retail Sales Feb.: +0.3% March: +0.8% March: +1.1% ex-Autos Feb.: +0.3% March: +0.5% March: +0.7% Business Inventories Jan.: +0.4% Feb.: +0.5% Feb.: +0.4%

Apr. 15, 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 2.64 3.85 Arkansas Aa1/AA/NR 0.15 1.24 2.43 3.6 Colorado Aa1/AA/NR 0.16 1.3 2.55 3.74 Kansas Aa1/AA+/NR 0.15 1.27 2.48 3.66 New Mexico Aaa/AA+/NR 0.15 1.23 2.45 3.64 Oklahoma Aa2/AA+/AA+ 0.16 1.3 2.54 3.73 Texas Aaa/AAA/AAA 0.15 1.21 2.4 3.58 Utah Aaa/AAA/AAA 0.15 1.19 2.33 3.5

Week Of April 14 Issuer St Description Amount

Week Of April 14 Issuer St Description Amount

4/14/2014 4/7/2014 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 3 $115,275 2 $36,970 $78,305 Arkansas 4 28,490 7 69,265 -40,775 Colorado 2 36,200 3 74,660 -38,460 Kansas 2 12,260 3 79,280 -67,020 New Mexico 6 114,400 1 10,090 104,310 Oklahoma 11 12,120 6 7,350 4,770 Texas 33 433,835 44 1,064,904 -631,069 Utah 3 145,465 2 120,465 25,000

Investors say Puerto Rico general obligation bonds' yield spike on Monday was caused by the Puerto Rico Supreme Court's declaration that certain parts of the commonwealth’s teachers' pension reform plan were unconstitutional.

Government

Capital projects scheduled by infrastructure-related issuers like transportation and utility entities will keep the sector busy despite expected low issuance this year, investors and issuers said at a JP Morgan conference.