News and Information from Bond Buyer

The Conference Board's Employment Trends Index (ETI) gained to 115.76 in December from an upwardly revised 115.72 in November, and is up 5.2% from a year ago, the group announced Monday.

Jan. 13, 2014 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.19 1.38 3.05 4.45 Delaware Aaa/AAA/AAA 0.15 1.23 2.71 4.1 Maine Aa2/AA/AA 0.19 1.3 2.85 4.22 Maryland Aaa/AAA/AAA 0.17 1.23 2.71 4.1 Massachusetts Aa1/AA+/AA+ 0.19 1.35 2.91 4.34 New Hampshire Aa1/AA/AA+ 0.19 1.32 2.85 4.25 New Jersey Aa3/AA+/AA+ 0.24 1.39 3 4.42 New York Aa2/AA/AA 0.21 1.31 2.81 4.26 Pennsylvania Aa2/AA/AA 0.19 1.37 2.97 4.36 Rhode Island Aa2/AA/AA 0.25 1.51 3.16 4.6 Vermont Aaa/AA+/AAA 0.17 1.28 2.77 4.15 Dist. of Columbia Aa2/A+/AA+ 0.22 1.44 3.08 4.58 Puerto Rico Baa3/BBB+/BBB- 7.67 8.93 9.51 8.8

1/10/2014 1/3/2014 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 2 $65,000 0 $0 $65,000 Delaware 0 0 0 0 0 Maine 1 3,500 0 0 3,500 Maryland 0 0 0 0 0 Massachusetts 7 167,268 6 190,432 -23,164 New Hampshire 0 0 0 0 0 New Jersey 8 190,708 7 237,136 -46,428 New York 9 882,750 12 48,092 834,658 Pennsylvania 7 119,535 5 62,425 57,110 Rhode Island 0 0 0 0 0 Vermont 0 0 0 0 0 District of Columbia 0 0 0 0 0 Puerto Rico 0 0 0 0 0

Tuesday, January 14 Issuer St Description Amount

Monday, January 13 Issuer St Description Amount

Week Of January 13 Issuer St Description Amount

MASSACHUSETTS

CALIFORNIA

Day Indicator Last Report Forecast Monday Treasury Budget Nov.: -$135.2B Dec.: +$44.0B Tuesday Import Prices Nov.: -0.6% Dec.: +0.3% Tuesday Retail Sales Nov.: +0.7% Dec.: +0.1% Tuesday ex-Autos Nov.: +0.4% Dec.: +0.4% Tuesday Business Inventories Oct.: +0.7% Nov.: +0.3% Wednesday Empire State Manufacturing Dec.: 0.98 Jan.: 4.0 Wednesday PPI Nov.: -0.1% Dec.: +0.4% Wednesday PPI Core Nov.: +0.1% Dec.: +0.1% Thursday CPI Nov.: unch Dec.: +0.3% Thursday CPI Core Nov.: +0.2% Dec.: +0.1% Thursday Initial Claims 1/4: 330,000 1/11: 326,000 Thursday Cont. Claims 12/28: 2.865M 1/4: 2.840M Thursday NAHB Housing Index Dec.: 58 Jan.: 58 Thursday Philly Fed Manufacturing Dec.: 7.0 Jan.: 8.7 Friday Housing Starts Nov.: 1.091M Dec.: .992M Friday Building Permits Nov.: 1.017M Dec.: 1.010M Friday Industrial Production Nov.: +1.1% Dec.: +0.3% Friday Capacity Utilization Nov.: 79.0 Dec.: 79.1 Friday U. of Mich. Sentiment Dec.: 82.5 Dec.: 83.5 Friday U. of Mich. Current Dec.: 98.6 Dec.: 99.0 Friday U. of Mich. Expectations Dec.: 72.1 Dec.: 73.8

A $775 million New York City Transitional Finance Authority offering and a $468 million Minnesota state general fund appropriation bond sale will arrive in the primary market as investors decide how and where to reinvest Jan. 1 coupon payments and redemptions.

The Minneapolis College of Arts and Design's growing enrollment numbers and improved cash flows and debt service coverage prompted Moody's Investors Service to revise its outlook to stable from negative.

Two ratings agencies have revised their outlooks on Iowa-based Mercy Medical Center's A level ratings to negative due to the hospital's operating struggles.

Tax-exempt municipal bonds rallied in the first full market week of January, as reinvestment cash hit investor portfolios and government data suggested a sluggish economy.

Government

The Securities and Exchange Commission on Friday released long-awaited guidance on its municipal advisor registration rule, less than one business day before the rule becomes effective.

The municipal bond market rallied Friday, with yields down as much as ten basis points on some points of the curve, after a U.S. government report showed few new jobs were added in December

The triple-A Minneapolis-St. Paul Metropolitan Council is readying $194 million of general obligation notes and bonds for competitive sale Tuesday.

Federal Reserve Bank of St. Louis President James Bullard, a supporter of tapering bond purchases by the Fed, predicted stronger U.S. economic growth will push down unemployment to 6.2 percent in the fourth quarter.

Municipal bonds remain attractive even after their divergence from Treasuries this past week, industry watchers say, suggesting the recent signs of strength in the market may carry into the new year.

Michigan expects to collect $541 million more than it had expected over the next two years, economists and state officials said Friday at the state's twice-annual revenue-estimating conference.