News and Information from Bond Buyer

New orders for manufactured goods surged 1.6% in February, after dropping 1.0% in January, the Commerce Department reported Wednesday.

New York City business activity grew at a slower pace in March, as the current business conditions index dropped to 52.0 from 57.0 in February, the Institute for Supply Management-New York's Report on Business index, released Wednesday, indicated.

Detroit can move forward with a controversial $120 million loan with Barclays, the federal judge overseeing the city's bankruptcy case said Wednesday.

Private sector employment increased by 191,000 jobs from February to March, according to the March ADP National Employment Report.

Wednesday, April 2 Issuer St Description Amount

Wednesday, April 2 Issuer St Description Amount

Week Of March 31 Issuer St Description Amount

Week Of March 31 Issuer St Description Amount

Indicator Last Report Forecast Actual Construction Spending Jan.: -0.2% Feb.: +0.1% Feb.: +0.1% ISM Manufacturing Feb.: 53.2 March: 54.0 March: 53.7

ARKANSAS

CALIFORNIA

Apr. 2, 2014 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 0.32 2.11 3.63 4.82 Indiana Aaa/AAA/AA+ 0.15 1.37 2.62 3.78 Iowa Aaa/AAA/AAA 0.15 1.38 2.61 3.77 Michigan Aa2/AA/AA 0.22 1.54 2.87 4.03 Minnesota Aa1/AA+/AA+ 0.15 1.35 2.56 3.71 Missouri Aaa/AAA/AAA 0.15 1.31 2.49 3.65 Nebraska NR/AAA/AA+ 0.17 1.44 2.7 3.85 North Dakota Aa1/AA+/NR 0.17 1.41 2.64 3.82 Ohio Aa1/AA+/AA+ 0.17 1.45 2.71 3.87 South Dakota NR/AA+/NR 0.17 1.45 2.72 3.88 Wisconsin Aa2/AA/AA 0.16 1.44 2.71 3.88

4/1/2014 3/25/2014 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 9 $55,915 9 $55,560 $355 Indiana 5 28,930 12 166,000 -137,070 Iowa 13 234,090 10 178,950 55,140 Michigan 5 417,725 4 242,905 174,820 Minnesota 8 93,480 8 90,665 2,815 Missouri 1 1,665 2 25,750 -24,085 Nebraska 1 120,000 0 0 120,000 North Dakota 1 550 1 17,750 -17,200 Ohio 6 157,180 5 114,975 42,205 South Dakota 3 45,680 0 0 45,680 Wisconsin 16 100,350 12 67,775 32,575

Government

Municipal market participants should be concerned about the House Republican fiscal 2015 budget plan unveiled by Rep. Paul Ryan on Tuesday because it calls for substantially lowering the individual and corporate tax rates, which would put at risk many tax expenditures such as the tax exemption for municipal bonds, several muni experts said.

Municipal bonds posted their biggest first-quarter gain in five years, after prices fell to cheap levels relative to other asset classes.

Chicago is readying a pension reform bill for state legislative consideration that deals with half of its pension mess by stabilizing two its four retirement funds through increased employee and city contributions and benefit cuts.

Two separate sales tax measures that pit street repairs against mass transit projects are being floated in Los Angeles County.

Standard & Poor's Ratings Services said it raised its long-term rating and underlying rating to AA-minus from A-plus on Trinity County Public Utility District, Calif.'s electric revenue bonds and certificates of participation.

Standard & Poor's Ratings Services said it lowered its long-term rating and underlying rating to A-plus from AA-minus on Diablo Water District, Calif.'s water revenue certificates of participation.