News and Information from Bond Buyer

While Detroit and Puerto Rico make the headlines, a cautious and conservative approach is the best bet, according to two municipal bond portfolio managers, whose strategies are representative of about three-quarters of municipal fund managers.

Trading activity in the primary municipal market slowed Tuesday afternoon as bond yields are unchanged following a three-day slip.

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

The long-struggling city of Gary, Ind., is making a rare appearance in the bond market with a short-term deal that the city's mayor hopes will help rebuild the city's battered credit.

Municipal bond yields steadied Tuesday after a three-day slide.

Detroit's creditors filed a flood of objections to the city's bankruptcy plan Monday, arguing it lacked critical information needed to answer even basic questions such as recovery rates.

The Texas Department of Transportation is facing a federal criminal investigation of its land deals for expansion of Interstate 35E, according to reports.

Apr. 8, 2014 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.2 1.5 2.8 3.99 Arkansas Aa1/AA/NR 0.15 1.35 2.59 3.74 Colorado Aa1/AA/NR 0.16 1.43 2.72 3.89 Kansas Aa1/AA+/NR 0.15 1.38 2.64 3.8 New Mexico Aaa/AA+/NR 0.15 1.34 2.61 3.78 Oklahoma Aa2/AA+/AA+ 0.17 1.43 2.71 3.88 Texas Aaa/AAA/AAA 0.15 1.33 2.57 3.72 Utah Aaa/AAA/AAA 0.15 1.3 2.49 3.64

4/7/2014 3/31/2014 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 2 $36,970 5 $133,970 -$97,000 Arkansas 7 69,265 6 103,205 -33,940 Colorado 3 74,660 3 51,200 23,460 Kansas 3 79,280 2 6,500 72,780 New Mexico 1 10,090 1 27,000 -16,910 Oklahoma 6 7,350 12 104,370 -97,020 Texas 44 1,064,904 28 878,354 186,550 Utah 2 120,465 0 0 120,465

Tuesday, April 8 Issuer St Description Amount

Tuesday, April 8 Issuer St Description Amount

Week Of April 7 Issuer St Description Amount

Week Of April 7 Issuer St Description Amount

Indicator Last Report Forecast Actual Consumer Credit Jan.: +$13.8B Feb.: +$14.09B Feb.: +$16.5B

IOWA

FLORIDA

A hike in Illinois' motor fuel tax and vehicle registration fees could help raise an additional $1.8 billion of annual revenue for transportation under a proposal announced by an Illinois coalition.

Moody's Investors Service boosted Advocate Sherman Hospital's rating by one level to Baa1 in recognition of its acquisition by the fiscally healthier Advocate Health Care Network last year.

A multi-year pattern of balanced budgets helped Bridgewater, Mass., regain its credibility in the capital markets.

A Puerto Rico's House of Representatives committee is rewording Senate-passed energy bills to bar private companies from selling electricity to retail customers.