News and Information from Bond Buyer

The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.135% high yield, a price of 99.863500.

Minnesota now projects a $1 billion budget surplus for its current two-year budget cycle thanks to higher taxes and the state’s ongoing economic recovery.

Ernst & Young LLP added Tom Rousakis and Jennifer Mayer to the firm's infrastructure advisory practice.

Chicago Mayor Rahm Emanuel and Illinois Gov. Pat Quinn last week announced plans for a nearly $500 million overhaul of the Chicago Transit Authority's rail transit line to O'Hare Airport.

Municipal bond yields firmed alongside treasuries Tuesday morning as investors anticipated a heavy volume of new issues coming to market beginning tomorrow.

Chicago Mayor Rahm Emanuel tapped a veteran hedge fund and asset management professional to serve as his comptroller, Yvette Shields of The Bond Buyer reports. Daniel Widawsky will fill a position vacated last summer by Amer Ahmad, who now faces corruption charges stemming from his earlier tenure in the Ohio Treasurer’s office.

WASHINGTON - The value of wholesale inventories rose 1.4% in October while sales were up 1.0%, according to data released Monday morning by the U.S. Commerce Department.

Financial conditions in the U.S. states are continuing to get better, but there is still a way to go before they get back to their pre-recession stability, according to a report released today by the National Association of Budget Officers. NASBO, which surveyed all 50 states from August through October, found that conditions in fiscal year 2014 are modestly improving as states see signs of fiscal distress subside.

Dec. 10, 2013 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.27 1.41 2.97 4.42 Arkansas Aa1/AA/NR 0.17 1.19 2.74 4.19 Colorado Aa1/AA/NR 0.19 1.3 2.87 4.35 Kansas Aa1/AA+/NR 0.18 1.26 2.83 4.33 New Mexico Aaa/AA+/NR 0.17 1.21 2.77 4.24 Oklahoma Aa2/AA+/AA+ 0.19 1.31 2.87 4.34 Texas Aaa/AAA/AAA 0.17 1.16 2.65 4.16 Utah Aaa/AAA/AAA 0.17 1.16 2.65 4.1

12/2/2013 11/25/2013 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 5 $121,200 3 $30,055 $91,145 Arkansas 7 78,010 1 8,330 69,680 Colorado 3 89,985 0 0 89,985 Kansas 6 35,640 3 9,225 26,415 New Mexico 2 20,445 0 0 20,445 Oklahoma 4 51,260 2 36,915 14,345 Texas 38 1,073,809 24 477,411 596,398 Utah 1 39,800 1 39,800 0

Tuesday, December 10 Issuer St Description Amount

Tuesday, December 10 Issuer St Description Amount

Week Of December 9 Issuer St Description Amount

Week Of December 9 Issuer St Description Amount

INDIANA

ALABAMA

Government

Pennsylvania's transportation bill is positive for the state and the Turnpike Commission, and could trigger a similar move to tackle pension liability, said Fitch.

The municipal market was slow on Monday as traders gauged investor demand ahead of $11 billion of new issue volume expected this week. Some traders said poor economic data from Puerto Rico presented a buying opportunity for investors.

American Airlines emergence from Chapter 11 and merger with US Airways Group Inc. officially took off Monday as trading on the new company began.