News and Information from Bond Buyer

Standard & Poor's Ratings Services said it has placed its A-plus underlying rating and school issuer credit rating on Yonkers, N.Y.'s general obligation bonds on CreditWatch with negative implications.

The Municipal Securities Rulemaking Board will discuss drafts of rules creating a best execution standard for broker-dealers and establishing supervisory requirements for municipal advisors during its next meeting Jan. 29-31 in Atlanta.

Gov. Jerry Brown laid out his priorities for California in his State of the State Address on Wednesday.

Municipal market investors, laden with cash, are driving yields lower Wednesday as activity has accelerated in both the primary and secondary markets.

Identical bills introduced in the House and the Senate would make permanent the federal payments in lieu of taxes program, a key source of funds for counties and local governments.

New Mexico Gov. Susana Martinez is calling for increased spending on water projects in the drought-stricken state.

Muni experts say the lack of paper in the market bodes well for competitive pricing of Fairfax County, Va.'s $316.8 million of voter-approved general obligation bonds.

The Minnesota Supreme Court refused to block the state's sale of $468 million of general fund appropriation-backed bonds to help pay for the new $975 million Minnesota Vikings NFL football stadium.

The Treasury Department Wednesday auctioned $12 billion of four-week bills at a zero high yield, a price of par.

Municipal bond yields have stalled so far Wednesday morning in the face of light activity.

The Johnson Redbook Retail Sales Index was up 3.1% in the second week of January following a 2.9% gain the prior week.

Moody's Investors Service said it has downgraded to Baa3 from Baa2 the rating on Regent University, Va.'s Series 2006 revenue bonds.

Jan. 22, 2014 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 0.57 2.28 3.79 5.12 Indiana Aaa/AAA/AA+ 0.17 1.2 2.73 4.04 Iowa Aaa/AAA/AAA 0.17 1.2 2.71 4.02 Michigan Aa2/AA/AA 0.24 1.36 2.97 4.28 Minnesota Aa1/AA+/AA+ 0.17 1.16 2.66 3.96 Missouri Aaa/AAA/AAA 0.17 1.13 2.59 3.9 Nebraska NR/AAA/AA+ 0.19 1.26 2.8 4.1 North Dakota Aa1/AA+/NR 0.19 1.23 2.74 4.07 Ohio Aa1/AA+/AA+ 0.19 1.18 2.76 4.11 South Dakota NR/AA+/NR 0.2 1.3 2.85 4.17 Wisconsin Aa2/AA/AA 0.19 1.24 2.8 4.14

1/21/2014 1/14/2014 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 10 $231,405 18 $428,970 -$197,565 Indiana 1 16,000 2 23,295 -7,295 Iowa 5 118,975 3 85,390 33,585 Michigan 11 108,820 10 156,240 -47,420 Minnesota 14 621,445 18 836,630 -215,185 Missouri 2 43,780 7 53,365 -9,585 Nebraska 0 0 0 0 0 North Dakota 1 1,250 1 1,250 0 Ohio 2 67,765 3 86,795 -19,030 South Dakota 0 0 0 0 0 Wisconsin 11 72,640 6 30,795 41,845

Wednesday, January 22 Issuer St Description Amount

Wednesday, January 22 Issuer St Description Amount

Week Of January 21 Issuer St Description Amount

Week Of January 21 Issuer St Description Amount

ILLINOIS

ARKANSAS