News and Information from Bond Buyer

Washington voters failed to approve the majority of school bonds on the state's special election ballot, but some lawmakers are working to lower the voter approval threshold.

The municipal market has been plagued by a dearth of issuance since late last year year, and there isn't much hope for relief on the horizon.

Municipal mutual funds reported $82.1 million of net inflows in the week ended Feb. 12, bouncing back from a $227.3 million outflow the week before, Lipper FMI said Thursday.

Virginia Gov. Terry McAuliffe revealed measures to trim the biennial state budget due to lower-than-expected revenue projections.

The Treasury Department Friday sold $45 billion 58-day cash management bills, dated Feb. 18, due April 17, 2014, at a 0.050% high tender rate.

Municipal bonds opened Friday with steady yields as many traders were absent ahead of a three-day holiday weekend.

Four Atlanta residents are challenging the validation of $278.3 million of revenue bonds to partially finance a $1.2 billion stadium for the Atlanta Falcons.

Five consortiums have submitted statements of qualification for the Pennsylvania Department of Transportation's rapid bridge replacement P3 project.

Forecasters adjusted their estimates of economic growth down for this quarter but up for the following two quarters, according to the Federal Reserve Bank of Philadelphia's survey of Professional Forecasters, released Friday.

Detroit's attempt to invalidate $1.4 billion of pension certificates as part of its bankruptcy is unlikely to be copied by other certificate issuers, according to Moody's Investors Service.

The University of Michigan's preliminary February consumer sentiment index reading was 81.2, compared to the final January 81.2, the preliminary January 82.5, and the final December 80.4, according to market sources.

Gov. Lincoln Chafee signed a bill to enhance a settlement in Rhode Island's lawsuit against Curt Schilling and other principals of failed video-game 38 Studios.

Industrial production fell 0.3% in January, the Federal Reserve reported Friday.

January import prices rose 0.1% and export prices grew 0.2%, the U.S. Labor Department said Friday.

Moody's Investors Service said it has downgraded its rating on Orchard School Foundation, Ind.'s revenue bonds to A3 from A2.

Indicator Last Report Forecast Actual Initial Claims 2/1: 331,000 2/8: 330,000 2/8: 339,000 Cont. Claims 1/25: 2.971M 2/1: 2.960M 2/1: 2.953M Retail Sales Dec.: +0.1% Jan.: unch Jan.: -0.4% ex-Autos Dec.: +0.3% Jan.: +0.1% Jan.: unch Business Inventories Nov.: +0.4% Dec.: +0.4% Dec.: +0.5%

Feb. 14, 2014 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aaa/AAA/AAA 0.17 1.11 2.56 3.89 California A1/A/A+ 0.2 1.2 2.84 4.4 Hawaii Aa2/AA/AA+ 0.17 1.22 2.74 4.09 Idaho Aa1/AA+/NR 0.19 1.24 2.77 4.12 Montana Aa1/AA/AA+ 0.19 1.25 2.76 4.1 Nevada Aa2/AA/AA+ 0.22 1.31 2.88 4.26 Oregon Aa1/AA+/AA+ 0.17 1.15 2.61 3.99 Washington Aa1/AA+/AA+ 0.18 1.21 2.76 4.14 Wyoming NR/AAA/NR 0.17 1.19 2.64 3.97

2/13/2014 2/6/2014 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 2 $62,410 -62,410 California 9 343,390 4 112,040 231,350 Hawaii 0 0 0 0 0 Idaho 1 3,845 2 55,445 -51,600 Montana 0 0 0 0 0 Nevada 0 0 1 50,930 -50,930 Oregon 0 0 1 8,800 -8,800 Washington 1 21,410 1 21,410 0 Wyoming 0 0 0 0 0

Friday, February 14 Issuer St Description Amount