Municipals were divided into a two-tiered market yesterday, with underwriters lowering select yields in the primary, while secondary market prices sagged 1/4 point on the long end amid increased selling. Complete market coverage by Sean Monsarrat appears on page 2
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News
RECORD IMPORTS, particularly of petroleum, accounted for continued expansion of the U.S. trade imbalance in September, government data released yesterday showed. Page 2
The Regions
THE LOUISIANA STATE BOND COMMISSION yesterday approved a list of bond requests totaling nearly $270 million of new and refunding debt, including a big package to help finance a new hotel in the New Orleans World Trade Center. Page 31
Washington
THE FIVE MAJOR TRANSPORTATION projects that will receive federal credit assistance under TIFIA will benefit from the aid in vastly different ways, a fact that highlights the flexibility of the new program, officials say. Page 5
Investors & Investing
SUDDENLY AWASH WITH CASH and able to pick from a wide array of notes and weekly paper, fund managers are finding a reprieve in the money market after months of suffering from poor performance. Page 7
Far West
OREGON OFFICIALS MAY have sold the state's last series of lottery debt Wednesday if voters next year approve a citizens' initiative to abolish video poker, which opponents characterize as the crack cocaine of gambling. Page 32
Listings
New-Issue Calendar Page 8
Notices of Sales Pages 13-16
Bond Redemptions Pages 27-29
Executive Placement Pages 18-19
Requests for Proposals Page 12
Market Statistics Pages 35-39
