Investments

Table as of: 07/27/2012 09:42 AM Invisible Supply Issuer and purpose Amount

NEW YORK

ALABAMA

The Triboro Bridge and Tunnel Authority of New York should bring a hefty deal to the municipal marketplace this week. Municipal market volume should climb this week, albeit barely, and from modest levels.

Moody's Investors Service raised its rating one notch to A2 on $160 million of Alexian Brothers Health System's still outstanding after its acquisition by Ascension Health Alliance.

Standard & Poor's and Moody's Investors Service have mixed outlooks on the higher education sector.

Puerto Rico's debt load, exceeding $60 billion, and pension liabilities are a challenge to the island's fiscal ability and investors should limit their exposure, cautions Alan Schankel of Janney Capital Markets.

U.S. Transportation Secretary Ray LaHood is encouraging states and cities to submit letters of interest for an available $1.7 billion under the Transportation Infrastructure Finance and Innovation Act loan program, which LaHood said could ultimately help leverage $50 billion in transportation investment.

Table as of: 07/26/2012 15:27 PM Invisible Supply Issuer and purpose Amount

ILLINOIS

ALABAMA

The municipal market continues to gain from an extended rally that has boosted fixed income securities. Investors have embraced bonds as they see volatile equities and want security, if not yield.

Sen. Charles Grassley, R-Iowa., called on Congress to review all higher education tax incentives and expenditures, including tax-exempt bonds, as part of comprehensive tax reform.

The tide of investor demand stays high for municipal bond mutual funds. A strong week of record-low muni bond yields on the intermediate and long ends of the curve marked the week ended July 25.

A new Government Accountability Office study examining bus rapid transit concludes that cities with limited funding sources and no major congestion issues may find high-cost features worthwhile only if economic development is a major goal of the bus line.

Although the total net assets of tax-exempt money market funds fell noticeably less than last week, the outflows continue to erode the more than $4 billion bounty that the funds generated just two weeks ago, according to The Money Fund Report, a service of iMoneyNet.com.

Rhode Island's Investment Commission on Wednesday chose BNY Mellon as its custodian bank for the state's assets of roughly $8 billion, General Treasurer Gina Raimondo announced.

Amtrak's roughly $7 billion master plan for a complete overhaul of Washington D.C.'s Union Station will likely involve a large collaborative effort mixing public and private funding sources, according to a company spokesman and industry experts.

The Dormitory Authority of the State of New York board approved $1.1 billion of financings for higher education and health care institutions, including a $940 million personal income tax revenue bond program.

ARKANSAS