Investments

Activity in the municipal market has picked up as some of the week's calendar arrives, providing an overall tone of strength.

The municipal market sauntered out of the gate Tuesday as participants expect the large calendar to set the tone for the week.

IOWA

GEORGIA

The City Colleges of Chicago's proposed $657 million fiscal 2014 budget won the endorsement of the Civic Federation of Chicago for ongoing progress toward improving its fiscal and operational health.

San Francisco Community College District's pending accreditation loss is a credit negative, says Moody's Investors Service.

Homeland Security Secretary Janet Napolitano resigned from her position on Friday to take over the University of California system.

Municipal market participants continue to hold off in preparation for the large new-issue calendar.

Two Basel III rule changes regulating government agencies adapted recently to the U.S. markets are likely to damp interest in municipal bonds as investments for large banks.

The municipal bond market is gearing up for what it expects will be a strong primary this week.

Table as of: 07/12/2013 13:37 PM Invisible Supply Issuer and purpose Amount

ILLINOIS

CALIFORNIA

Municipal issuers are gearing up to sell more than $9 billion of new issuance this week -- dominated by a $2.9 billion Texas transportation offering -- and hope their financings benefit from the momentum of the previous two trading sessions.

Moody's Investors Service on Friday downgraded Yeshiva University's rating to Baa1 from A2, and said it would review the university for further downgrade.

A bill that would provide tuition revenue bonds for 62 construction projects for Texas college and university campuses won a House committee's approval, despite the fact that outgoing Gov. Rick Perry has not added the issue to the call for the legislature's second special session of the year.

Inexpensive prices on new issues lured buyers back into the marketplace as municipal bond market resumed its slump during the past week.

With an upgraded rating from Standard & Poor's, the largest university system in the country is planning to sell $244 million of revenue bonds on Wednesday.

Table as of: 07/11/2013 15:47 PM Invisible Supply Issuer and purpose Amount

CONNECTICUT