News and Information from Bond Buyer

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.050% high rate, unchanged from 0.050% the prior week, and the six-months incurred a 0.075% high rate, down from 0.080% the week before.

The market opened slowly Monday with no large deals slated for issuance. For the first time since Puerto Rico's $3.5 billion junk deal, the new bonds were not the island's most actively traded debt.

The Lower Colorado River Authority is moving ahead with plans to build the first new reservoir in Texas in decades.

The Treasury Department said Monday it will sell $30 billion of four-week discount bills Tuesday.

The Chicago Fed National Activity Index for February climbed to positive 0.14 from a revised negative 0.45 reading in January, while the three-month moving average (CFNAI-MA3) declined to negative 0.18 from a revised positive 0.02 in January, the Federal Reserve Bank of Chicago reported Monday.

While he expects quantitative easing to be done by October, it will be "quite some time" until the Fed increases interest rates, Federal Reserve Bank of Dallas President Richard Fisher said Friday, according to reports.

The counterparties to Detroit's interest-rate swaps mounted their first public defense of a controversial settlement with the city Friday, arguing that the derivatives are legally secured and warning that litigation would be costly and painful for Detroiters.

Mar. 24, 2014 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.2 1.38 2.84 4.07 Delaware Aaa/AAA/AAA 0.13 1.21 2.5 3.72 Maine Aa2/AA/AA 0.17 1.32 2.68 3.9 Maryland Aaa/AAA/AAA 0.15 1.23 2.52 3.74 Massachusetts Aa1/AA+/AA+ 0.16 1.32 2.69 3.95 New Hampshire Aa1/AA/AA+ 0.15 1.27 2.59 3.84 New Jersey Aa3/AA+/AA+ 0.2 1.43 2.85 4.09 New York Aa2/AA/AA 0.15 1.28 2.59 3.9 Pennsylvania Aa2/AA/AA 0.18 1.37 2.78 4.01 Rhode Island Aa2/AA/AA 0.2 1.48 2.91 4.16 Vermont Aaa/AA+/AAA 0.15 1.28 2.58 3.79 Dist. of Columbia Aa2/A+/AA+ 0.18 1.39 2.76 4.01 Puerto Rico Baa3/BB+/BBB- 7.45 8.53 8.77 7.69

3/21/2014 3/14/2014 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 4 $109,320 4 $502,635 -$393,315 Delaware 0 0 0 0 0 Maine 2 10,890 3 13,581 -2,691 Maryland 2 206,100 4 191,080 15,020 Massachusetts 3 169,030 5 151,757 17,273 New Hampshire 0 0 0 0 0 New Jersey 3 22,005 7 60,861 -38,856 New York 17 779,051 13 332,575 446,476 Pennsylvania 8 312,700 9 96,540 216,160 Rhode Island 1 34,750 1 34,750 0 Vermont 0 0 0 0 0 District of Columbia 0 0 0 0 0 Puerto Rico 0 0 0 0 0

ALABAMA

Monday, March 24 Issuer St Description Amount

Monday, March 24 Issuer St Description Amount

Week Of March 24 Issuer St Description Amount

Week Of March 24 Issuer St Description Amount

Day Indicator Last Report Forecast Tuesday Consumer Confidence Feb.: 78.1 March: 78.6 Tuesday New Home Sales Jan.: 468,000 Feb.: 445,000 Wednesday Durable Goods Jan.: -1.0% Feb.: +1.0% Wednesday Durable Goods ex-trans Jan.: +1.1% Feb.: +0.3% Thursday GDP Q3: +4.1% Q4: +2.7% Thursday GDP Core PCE Q3: +1.4% Q4: +1.3% Thursday GDP Final Sales Q3: +2.5% Q4: +2.4% Thursday Initial Jobless Claims 3/15: 320,000 3/22: 325,000 Thursday Continuing Claims 3/8: 2.889M 3/15: 2.873M Thursday Pending Home Sales Jan.: +0.1% Feb.: 0.0% Friday Personal Income Jan.: +0.3% Feb.: +0.2% Friday Consumption Jan.: +0.4% Feb.: +0.3% Friday Core PCE Jan.: +0.1% Feb.: +0.1% Friday U. of Mich. Sentiment Feb.: 81.6 March: 80.5 Friday U. of Mich. Current Feb.: 95.4 March: 96.3 Friday U. of Mich. Expectations Feb.: 72.7 March: 70.2

A trio of financings from California, Georgia, and New York will lead the primary market as the first quarter winds down with another week of meagre supply.

Iowa's revenue estimating panel has finalized its projections for the next budget year offering numbers on par with its December report.

Government

The Regional Transportation of Illinois is expanding its pursuit of companies and towns involved in the practice of setting up alleged sham offices in small towns to avoid higher sales taxes in Cook County.

Fitch Ratings revised its outlook to negative from stable on New Jersey's general obligation and related debt on Friday afternoon.