Investments

CALIFORNIA

ARKANSAS

DALLAS — The largest two-year state-supported technical college in Arkansas without local tax support will ask Pulaski County voters to create a taxing district.

Municipal bond yields over the course of U.S. history have reflected fluctuating rates of inflation, changing tax policies and the Federal Reserve's monetary policy.

Investors may be wondering where municipal bond yields are headed after they reached 45-year lows last week.

The Fox Valley Technical College will seek approval on the April 3 ballot for $66.5 million of new borrowing to finance capital projects.

ILLINOIS

ALABAMA

The Oklahoma State Regents for Higher Education will ask lawmakers for a five-year program of $54 million in annual bond sales to reduce a $271 million backlog in the state’s endowed chair program.

The Board of Trustees of Arkansas State University last week approved a proposal for $28.5 million of revenue bonds for projects at the school’s main campus in Jonesboro.

ALABAMA

Table as of: 01/20/2012 17:02 PM Invisible Supply Issuer and purpose Amount

Municipal bond investors have indicated through Thursday's sell-off and trench-scraping yields that the market can handle more primary issuance.

Ratios of municipal to Treasury bond yields over the past three months have shown a degree of volatility that has complicated a standard valuation of tax-exempt debt for investors.

ARKANSAS

ALABAMA

Table as of: 01/19/2012 16:21 PM Invisible Supply Issuer and purpose Amount

The tax-exempt bond market continues to see marked investor interest through heavy inflows to municipal bond mutual funds.

Through Wednesday, the municipal bond market held to the script drafted for early January 2012.

A month-long trend of postitive inflows for tax-exempt money market funds came to an end as investors pulled $2.82 billion from the sector in the week ended Jan. 16 and total net assets dropped to $293.75 billion, according to the Money Fund Report, a service of iMoneyNet.com.