News and Information from Bond Buyer

The yield on Puerto Rico bonds issued Tuesday in the island's $3.5 billion sale has fallen by 40 basis points in secondary trading.

Scranton, Pa., zoning officer and 2013 Democratic mayoral candidate Joseph Cardamone died. He was 62.

Fitch Ratings' BB rating on the commonwealth of Puerto Rico's general obligation bonds assumed that the commonwealth would be able to execute a sizable transaction in the near term to bolster liquidity.

Moody's Investors Service said it has downgraded Park Creek Metropolitan District, Colo.'s senior lien limited property tax bonds to Ba2 from Baa2.

Indicator Last Report Forecast Actual Wholesale Inventories Dec.: +0.4% Jan.: +0.4% Jan.: +0.6% Wholesale Sales Dec.: +0.1% Jan.: +0.1% Jan.: -1.9%

Mar. 12, 2014 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 0.32 1.91 3.74 5.02 Indiana Aaa/AAA/AA+ 0.15 1.17 2.67 3.97 Iowa Aaa/AAA/AAA 0.15 1.18 2.66 3.96 Michigan Aa2/AA/AA 0.22 1.34 2.92 4.22 Minnesota Aa1/AA+/AA+ 0.15 1.16 2.61 3.9 Missouri Aaa/AAA/AAA 0.15 1.11 2.54 3.84 Nebraska NR/AAA/AA+ 0.17 1.24 2.75 4.04 North Dakota Aa1/AA+/NR 0.17 1.21 2.69 4.01 Ohio Aa1/AA+/AA+ 0.17 1.19 2.73 4.05 South Dakota NR/AA+/NR 0.17 1.25 2.77 4.07 Wisconsin Aa2/AA/AA 0.17 1.26 2.79 4.1

3/11/2014 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 12 $1,125,815 6 $837,510 $288,305 Indiana 4 97,290 5 21,690 75,600 Iowa 10 154,490 8 119,375 35,115 Michigan 5 192,930 1 2,305 190,625 Minnesota 11 77,910 10 83,770 -5,860 Missouri 5 155,780 5 434,045 -278,265 Nebraska 0 0 0 0 0 North Dakota 1 4,490 1 4,490 0 Ohio 4 327,475 4 82,230 245,245 South Dakota 0 0 0 0 0 Wisconsin 10 283,215 6 38,665 244,550

Wednesday, March 12 Issuer St Description Amount

Wednesday, March 12 Issuer St Description Amount

Week Of March 10 Issuer St Description Amount

Week Of March 10 Issuer St Description Amount

CALIFORNIA

ARKANSAS

President Obama's fiscal year 2015 budget proposes making the rules for tax-exempt bonds issued by Indian tribal governments more similar to those for bonds issued by state and local governments.

Illinois received seven bids on its $402 million issue of high-grade, taxable revenue bonds Tuesday with JPMorgan winning the bonds with a true interest bid of 4.2706%.

Investors flocked to a $3.5 billion Puerto Rico general obligation deal Tuesday as hedge funds and institutional buyers snatched up the high-yield bonds. The deal, which marks the largest sale of junk bonds in municipal market history, gives the U.S. territory a chance to reroute its economy.

Government

Patton Boggs has hired Linda D'Onofrio as a public finance and tax capabilities partner to its New York office, adding a tax specialist to its new public finance team.

Moody's upgraded Hartsfield-Jackson Atlanta International Airport's general revenue bond ratings to Aa3 from A1 citing its financial and operational strengths.