Investments

Nearly all of The Bond Buyer's weekly yield indexes declined this week, as the municipal market followed Treasuries and grew firmer by several basis points in each session.

NEW JERSEY

CALIFORNIA

Michigan-based Trinity Health, one of the nation's largest Catholic health care systems, will invest up to $150 million over the next five years as part of its acquisition of Mercy Health System if the deal is approved by an Illinois review board.

NEW JERSEY

TEXAS

Table as of: 12/27/2011 16:27 PM Invisible Supply Issuer and purpose Amount

Moody’s Investors Service has affirmed Roosevelt University’s Baa2 rating, but analysts revised the outlook to negative from stable, partly because of recent enrollment challenges and stagnant tuition growth.

The Texas Tech University System will get the Southwest bond market rolling with $198 million of revenue bonds after a lean year for higher education.

Pulaski Technical College officials decided last week to build a new bond-financed culinary school at an existing site rather than a location in downtown Little Rock, Ark., promoted by Mayor Mark Stodola and a coalition of 48 businesses and organizations.

KANSAS

ALABAMA

The municipal market didn't need to do a lot to have a decent week.

As the end of the year nears, tax-exempt money market fund flows are back in positive territory thanks to modest inflows of $643.2 million in the week ended Dec. 19, increasing total net assets slightly to $290.43 billion, according to the Money Fund Report, a service of iMoneyNet.com.

ILLINOIS

CALIFORNIA

Radian Asset Assurance Inc. accelerated payment of $4.9 million of bonds owed by Lambuth University, according to a market notice filed Tuesday by Bank of New York Mellon, the trustee.

ILLINOIS

ALABAMA

Cornell University's plans to establish an applied-sciences engineering campus in New York City should enhance the school in the big picture despite anticipated credit risks in the short-to-medium term, according to a major rating agency.