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The Return of Money Fund Fees

Rate Climate Spurs Fewer Waivers

By Dan Seymour | Jul 30

Money market funds are taking advantage of higher short-term interest rates the past few months to reclaim some of the management fees they have been waiving to avoid negative yields. [FREE]

Fairholme Bets Big On MBIA

Berkowitz Sees Insurer’s Upside

By Patrick McGee | Jul 30

Fairholme Capital Management’s motto is “Ignore the Crowd,” and the hedge fund is sticking close to that maxim with its roughly $200 million investment in MBIA Inc. [FREE]

Bond Buyer Indexes

Yields in Near-Complete Drop

By Michael Scarchilli | Jul 30

Nearly all The Bond Buyer’s weekly yield indexes declined this week, finishing off a mostly-firmer period with hints of ­weakness.

Deal in Focus

Calif. Charter Scores 'Interest-Free’ QSCB Deal

By Rich Saskal | Jul 30

A California charter school effectively borrowed 10-year money interest free, in what is believed to be the first qualified school construction bond deal by a California charter.

This Week's Top 5 Issues

Amount Issuer St Description Sale
Date
Sale
Time
$1,500,000
Texas Trans Comm
TX
Revs
07/27/10 9am ET
$800,000
New York City
NY
GOs
07/26/10 9am ET
$717,690
Washington
WA
GOs
07/28/10 8am ET
$430,000
Columbus
OH
GOs
07/28/10 9am ET
$300,000
Port of Houston
TX
Revs
07/28/10 9am ET

Weekly Indexes

  Current Previous High* Low*
Rev. Bond 4.80% 4.78% 5.90% 4.69%
20-Bond 4.21% 4.26% 5.16% 3.94%
11-Bond 3.94% 3.97% 4.94% 3.69%
1-Yr. Note 0.48% 0.54% 1.09% 0.39% (all time)
*(Last 12-months)

Today's Top Competitive Issues

There are no competitive bond sales scheduled for July 30, 2010.

Commentary

Making Sense of the Make-Whole Call, From Its Origins to BABs

The make-whole call has become commonplace for taxable bonds, including municipal BABs.

Upcoming Events

CDFA TIF Week
August 3 - August 6, 2010
Washington, DC

Northeastern Chapter of Women in Public Finance Summer Cocktail Party
August 4, 2010
New York, New York

CDFA Intro Energy Finance Course
September 16 - September 17, 2010
Washington, DC