Investments

With the initial development period on military housing privatization winding down, coping with uncertainty was the theme of the Bond Buyer conference in Washington.

MASSACHUSETTS

MISSOURI

Table as of: 06/25/2012 16:13 PM Invisible Supply Issuer and purpose Amount

The finances of local and state governments and other muni sectors generally improved from 2010 to 2011, according to McDonnell Investment Management, LLC.

Texas A&M University System Board of Regents will complete a $196 million issue of Permanent University Fund bonds Tuesday with a $71 million refunding expected to provide net present value savings of 13.4%, or $10.7 million.

New Rule G-43 requires that broker's brokers make reasonable efforts to obtain fair and reasonable prices when conducting secondary-market "bid-wanted" auctions.

MICHIGAN

ALABAMA

In the aftermath of Moody's Investors Service downgrade of several key U.S. banks late Thursday, it downgraded roughly $64 billion in affected municipal debt Friday afternoon.

At an anticipated $8.11 billion, municipal bond issuance this week should subside slightly. But because investors are neck-deep in heavy cash flows, the market has been absorbing healthy calendars over the past few weeks with only modest concessions to yields.

Ohio State University approved a final $483 million concession agreement to lease its parking system for 50 years to QIC Global Infrastructure and LAZ Parking.

The latest round of TIGER grant funding will disburse nearly $500 million to 47 projects in 34 states and the District of Columbia, U.S. Transportation Secretary Ray LaHood announced Friday. The Department of Transportation received 703 applications from all 50 states, U.S. territories, and D.C. The awards ranged from $1 million to $21.6 million.

ARKANSAS

ALABAMA

The American Public Power Association and a California Public Agency have commented on proposed IRS governmental plan regulations, suggesting changes to provide certainty to existing participants in governmental plans.

Mary Schapiro, chairman of the Securities and Exchange Commission, laid out a case for additional money market reforms before the Senate Banking Committee Thursday.

Moody's Investors Service downgraded several key U.S. banks late Thursday, possibly impacting municipal bonds.

Muni bond indexes were mixed on the week as the need to put truckloads of reinvestment money to work pushed investors to buy munis even while yields sat at barrel-scraping levels