News and Information from Bond Buyer

Louisiana Gov. Bobby Jindal recommended a $24.9 billion budget for fiscal 2015, which is $623.7 million less than the current budget.

Oakland, Calif.-based KNN Public Finance, a division of Zions First National Bank, announced on Friday it has opened a Southern California office in Irvine with new hires Blake Boehm and Justin Rich.

Standard & Poor's Ratings Services said it lowered its rating on the St. Louis Regional Airport Authority, Ill.'s series 2009 general obligation bonds to A from A-plus.

Fitch Ratings said it has upgraded to A-plus from A the following Illinois Finance Authority bonds issued on behalf of Rush University Medical Center Obligated Group (Rush): $95,950,000 revenue bonds, series 2006B; $50,000,000 variable rate demand revenue bonds, series 2008A; and $411,620,000 revenue bonds, series 2009A-D.

Nebraska will consider issuing bonds for highway projects for the first time in decades.

Municipal bonds lost steam Monday afternoon as yields edged up before the onset of two of the week's biggest negotiated deals.

Audits of two MTA commuter lines found they failed to properly manage overtime paid by funds from federal stimulus funds, said a state comptroller's report.

Nearly $1 billion of notes and bonds to be priced and placed soon will keep the Grand Parkway toll loop growing around the Houston metro area.

Fitch Ratings said it upgraded Panama City Beach, Fla.'s approximately $47.1 million in outstanding utility system revenue bonds, series 2009 and 2012 to AA from AA-minus.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.055% high rate, up from 0.035% the prior week, and the six-months incurred a 0.065% high rate, up from 0.060% the week before.

Municipal bond traders Monday said the week's largest deals, set for retail pricing on Monday, will help market participants gauge how much of January's rally has been a result of a lack of issuance.

The Treasury Department said Monday it will sell $10 billion of four-week discount bills Tuesday.

Moody's Investors Service said it has downgraded to Baa1 from A3 the underlying rating on Frazier School District, Pa.'s general obligation bonds, Series of 2012 ($24.4 million outstanding).

Texas factory activity, as measured by the production index, "increased for the ninth month in a row in January," according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas, released Monday.

Sales of new single-family homes decreased 7.0% to a 414,000 seasonally adjusted annual rate in December, according to data released by the Commerce Department Monday.

Most businesses do not expect a significant impact to profitability or capital expenditures if the Federal Reserve continues to reduce its monetary policy accommodation over the next six months as expected, a National Association for Business Economics survey released Monday shows.

Jan. 27, 2014 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.19 1.24 2.86 4.15 Delaware Aaa/AAA/AAA 0.15 1.09 2.54 3.81 Maine Aa2/AA/AA 0.19 1.16 2.68 3.93 Maryland Aaa/AAA/AAA 0.17 1.09 2.54 3.81 Massachusetts Aa1/AA+/AA+ 0.19 1.17 2.72 4.04 New Hampshire Aa1/AA/AA+ 0.19 1.18 2.68 3.96 New Jersey Aa3/AA+/AA+ 0.24 1.22 2.83 4.13 New York Aa2/AA/AA 0.21 1.17 2.64 3.97 Pennsylvania Aa2/AA/AA 0.19 1.23 2.8 4.07 Rhode Island Aa2/AA/AA 0.25 1.37 2.99 4.31 Vermont Aaa/AA+/AAA 0.17 1.14 2.6 3.86 Dist. of Columbia Aa2/A+/AA+ 0.22 1.32 2.91 4.29 Puerto Rico Baa3/BBB+/BBB- 7.67 8.99 9.14 8.31

1/24/2014 1/17/2014 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 4 $33,360 1 $20,000 $13,360 Delaware 0 0 0 0 0 Maine 3 66,173 3 66,173 0 Maryland 6 435,010 2 147,890 287,120 Massachusetts 9 316,912 7 402,210 -85,298 New Hampshire 0 0 0 0 0 New Jersey 5 68,076 6 172,040 -103,964 New York 5 639,174 5 2,461,263 -1,822,089 Pennsylvania 6 213,620 8 56,125 157,495 Rhode Island 1 10,200 0 0 10,200 Vermont 0 0 0 0 0 District of Columbia 0 0 0 0 0 Puerto Rico 0 0 0 0 0

Monday, January 27 Issuer St Description Amount

Monday, January 27 Issuer St Description Amount