News and Information from Bond Buyer

The Michigan city of Benton Harbor, which is under emergency management, hopes to win a $2.3 million loan from the state to erase its deficit.

Three complaints have been filed challenging the constitutionality of the pension overhaul Illinois passed in December, and others are expected to follow ahead of the law's effective date in June.

The municipal bond market's tone continues to improve as some of the week's new issues filtered in Tuesday

The San Francisco Unified School District is planning to sell $205 million of general obligation bonds on Thursday to finance construction and improvements throughout the district.

Unfunded pension liability, bond-rating scrutiny and election-year complexity hovered over Pennsylvania as state lawmakers reconvened.

The Treasury Department Tuesday auctioned $30 billion of three-year notes with a 3/4% coupon at a 0.799% yield, a price of 99.855034.

Federal Reserve Bank of Boston President Eric Rosengren, the only dissenter against a Fed decision to taper bond buying, said he is now comfortable with the strategy to gradually cut monthly bond purchases in the future.

The Treasury Department Tuesday auctioned $18 billion of four-week bills at a zero high yield, a price of par.

The Treasury Department Tuesday auctioned $23 billion of 364-day bills at a 0.125% high yield, a price of 99.873611.

Muni traders are approaching Tuesday's session as one to settle in and see where they're comfortable about putting money to work at current levels.

New York City, looking to fend off New Jersey, renewed its lease with Hunts Point Terminal Produce Market in the Bronx for seven years.

Despite recent improvement, "the economy remains far from where we would like it to be," and the slow recovery poses "significant costs," Federal Reserve Bank of Boston President & Chief Executive Officer Eric S. Rosengren said Tuesday.

The U.S. November trade report was far better than expected, showing higher U.S. exports for another month and implying the trade sector will add further to real growth in Q4. Real GDP estimates will be revised higher, probably to +3% or so, as oil and aircraft exports propel growth.

Indicator Last Report Forecast Actual Factory Orders Oct.: -0.5% Nov.: +1.8% Nov.: +1.8% Factory Orders ex Trans Oct.: +0.1% Nov.: n/a Nov.: +0.6% ISM Non Mfg Index Nov.: 53.9 Dec.: 54.5 Dec.: 53.0

Jan. 7, 2014 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.27 1.57 3.11 4.52 Arkansas Aa1/AA/NR 0.17 1.35 2.89 4.3 Colorado Aa1/AA/NR 0.19 1.46 3.01 4.45 Kansas Aa1/AA+/NR 0.18 1.42 2.97 4.43 New Mexico Aaa/AA+/NR 0.17 1.37 2.91 4.34 Oklahoma Aa2/AA+/AA+ 0.19 1.47 3.01 4.44 Texas Aaa/AAA/AAA 0.17 1.34 2.83 4.26 Utah Aaa/AAA/AAA 0.17 1.32 2.79 4.2

1/6/2014 12/30/2013 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 5 $365,175 4 $339,880 $25,295 Arkansas 1 6,390 0 0 6,390 Colorado 2 14,750 1 12,000 2,750 Kansas 3 152,402 0 0 152,402 New Mexico 0 0 0 0 0 Oklahoma 3 5,880 1 5,000 880 Texas 24 882,021 16 535,331 346,690 Utah 1 29,000 0 0 29,000

Tuesday, January 7 Issuer St Description Amount

Tuesday, January 7 Issuer St Description Amount

Week Of January 6 Issuer St Description Amount

MINNESOTA