News and Information from Bond Buyer

Bernard B. Beal shuttered M.R. Beal & Co. after more than a quarter century, joining forces with Blaylock Robert Van LLC and leaving some former employees behind.

The Treasury Department Wednesday auctioned $13 billion of one-year 11-month floating rate notes with a high discount margin of 0.064%, at a 0.045% spread, a price of 99.962992

A boost in activity in the municipal market Tuesday wasn't enough to bring trading volume up to average levels. With no new deals over $90 million scheduled for Wednesday, the market anticipated yet another lethargic trading day.

Sales of new single-family homes increased 9.6% to a 468,000 seasonally adjusted annual rate in January, according to data released by the Commerce Department Wednesday.

Voters in Revere, Mass., approved a $1.3 billion proposal by Mohegan Sun that will compete with Wynn Resorts for the Greater Boston resort casino license.

Feb. 26, 2014 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 0.34 1.98 3.68 5 Indiana Aaa/AAA/AA+ 0.17 1.15 2.64 3.98 Iowa Aaa/AAA/AAA 0.17 1.15 2.62 3.96 Michigan Aa2/AA/AA 0.24 1.31 2.88 4.22 Minnesota Aa1/AA+/AA+ 0.17 1.11 2.57 3.9 Missouri Aaa/AAA/AAA 0.17 1.08 2.5 3.84 Nebraska NR/AAA/AA+ 0.19 1.21 2.71 4.04 North Dakota Aa1/AA+/NR 0.19 1.18 2.65 4.01 Ohio Aa1/AA+/AA+ 0.19 1.13 2.67 4.05 South Dakota NR/AA+/NR 0.19 1.22 2.73 4.07 Wisconsin Aa2/AA/AA 0.19 1.2 2.72 4.07

Week Of February 24 Issuer St Description Amount

Week Of February 24 Issuer St Description Amount

2/25/2014 2/18/2014 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 9 $91,435 11 $121,015 -29,580 Indiana 2 18,815 8 41,200 -22,385 Iowa 5 108,465 6 125,340 -16,875 Michigan 2 19,800 8 69,565 -49,765 Minnesota 10 92,410 11 115,405 -22,995 Missouri 2 27,955 2 55,435 -27,480 Nebraska 0 0 1 7,900 -7,900 North Dakota 0 0 1 965 -965 Ohio 4 37,515 3 47,565 -10,050 South Dakota 0 0 0 0 0 Wisconsin 6 30,045 8 59,685 -29,640

CALIFORNIA

ARKANSAS

Wednesday, February 26 Issuer St Description Amount

Wednesday, February 26 Issuer St Description Amount

Indicator Last Report Forecast Actual Consumer Confidence Jan.: 79.4 Feb.: 80.3 Feb.: 78.1

House Ways and Means Committee chairman Dave Camp's tax reform plan would slash the top income tax rate to 25% and impose a 10% surtax on certain earnings of the wealthy, including tax-exempt bond interest that is not currently taxed, according to the Wall Street Journal.

Two Cincinnati-based law firms -- Dinsmore & Shohl LLP and Peck Shaffer & Williams LLP – will merge effective March 1, the firms announced with the Dinsmore name carrying on.

The biggest U.S. banks and insurance companies would have to pay a quarterly 3.5 basis-point tax on assets exceeding $500 billion under a plan to be unveiled this week by Congress’s top Republican tax writer.

The municipal market got a breath of fresh air Tuesday as a smattering of issuance offered new money to investors.

Government