Investments

The University of Connecticut intends to price $220 million of GO bonds, including $120 million for capital improvements under the UConn 2000 program.

Bondholder recoveries would tumble another 5% under an updated plan of debt adjustment that Detroit filed with the bankruptcy court Monday evening.

IOWA

MASSACHUSETTS

Major U. S. corporations are calling on Congress to increase transportation infrastructure funding in the next highway bill.

A new Austin medical school will share in the proceeds of a $285 million revenue bond issue from the University of Texas System.

Bond insurer Syncora Guarantee requested dozens of documents from the Detroit Institute of Arts, Christie's, and the state tied to the insurer's challenge to the city's bankruptcy and its attempt to protect the city's art collection from sale.

INDIANA

CALIFORNIA

The second quarter will begin as the first quarter ended, with volume this week on the sparse side.

Ipreo LLC and The Bond Buyer anticipate long-term new volume will hover around $4.19 billion this week, versus last week's revised $4.78 billion reported by Thomson Reuters. The dearth of supply is frustrating for some traders.

The Detroit bankruptcy judge on Wednesday will consider a request from bond insurers and others requesting that a hearing on a controversial swaps settlement scheduled for Thursday be pushed back by at least 10 days.

South Dakota Gov. Dennis Daugaard last week signed into a law a bill authorizing the state's building authority to issue bonds to help finance a new $65 million football stadium at South Dakota State University.

Detroit Friday released details of a controversial $120 million loan with Barclays as ordered by the bankruptcy judge overseeing the case.

The six-week streak of municipal bond fund inflows has ended as concern over rising interest rates weighed on the market.

IOWA

CALIFORNIA

The weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, was down one basis point to 4.77% for the week ending March. 27. The 40-bond index firmed along with other Bond Buyer municipal indicators.

Harrisburg, Pa., receiver William Lynch will be the featured speaker at Widener University School of Law's April 14 program on municipal distress.

Sen. Barbara Boxer, D-Calif., on Thursday said she expects the Senate Environment and Public Works Committee will be able to vote on a six-year transportation bill next month.

For yet another year, uncertainty surrounding the potential loss or cap of the municipal tax exemption concerned panelists at the National Municipal Bond Summit.