Investments

Temple University in Philadelphia approved a 2.8% increase in undergraduate tuition on July 14.

CALIFORNIA

ALABAMA

An $8 billion plan to stave off insolvency of the Highway Trust Fund would keep federal transportation funding flowing to states through Dec. 18.

IOWA

MICHIGAN

Bonds issued to finance student loans will not become taxable if their issuer takes action to cease being a qualified scholarship funding corporation, the Internal Revenue Service said.

A division of Arbor Research & Trading, LLC, is signing up investors and lining up potential issuers for an attempt to “revolutionize and rejuvenate” the variable rate demand obligation market.

House Republican leaders are putting together an $8 billion, five-month bailout of the Highway Trust Fund through the end of 2015.

IOWA

ARIZONA

Puerto Rico’s Monday meeting with its bondholders puts the commonwealth and its creditors on an unpredictable path of negotiation and litigation, if history is a guide.

Municipal volume is projected to jump back over $8 billion in the coming week, led by billion-dollar deals from Chicago, Indiana and California.

A bipartisan group of nine House members wants a winner-take-all vote on proposed transportation revenue measures.

Michigan's Oakland University has become the second school in the state to forgo state aid in favor of a large tuition hike.

ARKANSAS

ALABAMA

For the 10th week in a row, municipal bond funds reported cash outflows. The weekly reporting funds saw $305.707 million of outflows in the week ended July 8, after experiencing outflows of $1.199 billion in the previous week, according to the latest Lipper data.

For the week ended July 9, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, decreased three basis points to 4.45%, from 4.48% the previous week.

Advisors Asset Management has picked up two veteran fixed income traders as part of the expansion of its capital markets group.