Superior technicals insulated municipal bonds from Treasury market weakness again yesterday and some prices actually firmed heading into today's key June employment report. Complete market coverage by Sean Monsarrat appears on page 2
News
MICHIGAN'S TWO LARGEST UTILITY COMPANIES have filed requests with the Michigan Public Service Commission to authorize the issuance of about $2.3 billion of taxable bonds that would allow the utilities to implement a 5% rate cut. Page 40
The Regions
NORTH CAROLINA'S LEADING LOBBYING GROUP is preparing an all-out blitz campaign to entice voters to approve a $3.1 billion bond referendum in November. Page 3
HOUSTON MAYOR LEE BROWN Wednesday reaffirmed his pledge that the city will buy land for a proposed sports arena despite an anticipated $30 million revenue shortfall this year and concern from some City Council members that revenue has not been accurately predicted for 2001. Page 3
Investors & Investing
THE HOT MARKET FOR CALIFORNIA MUNICIPAL BONDS has spilled over into the overall mutual fund performance rankings, landing six Golden State funds among the top 10 performers nationwide so far this year, according to data from Lipper Inc. Page 7
Far West
THE VALIDITY OF TAX-EXEMPT BONDS for a golf and housing development in San Bernardino County is to be reviewed by a local judge at the request of state Treasurer Philip Angelides and Attorney General Bill Lockyer. Page 33
Listings
New-Issue Calendar Page 8
Requests for Proposals Page 12
Notices of Sales Pages 13-20
Executive Placement Page 21
Bond Redemptions Pages 25-28
Market Statistics Pages 34-39
