Investments

ALABAMAAnniston Public Building AuthorityJul 14, 2011 . . . . . . $15,000,000

CHICAGO - Moody's Investors Service this week said it views positively recent court rulings in Colorado and Minnesota dismissing litigation that challenged legislative cuts to retirees' pension cost-of-living increases, and expects the rulings will spur other states to act.

Weekly yield indexes fell precipitously this week thanks to a flight to quality among Treasuries coupled with seasonal demand for tax-exempt paper.

Cash flowed into municipal money market funds for a second week in a row, though noticeably less than the billion dollars the industry recouped in the previous week, according to the Money Fund Report, a service of iMoneyNet.com.

Table as of: 07/13/2011 13:08 PM Invisible Supply Issuer and purpose Amount* Approval

CONNECTICUTDanbury (City)Jul 13, 2011 . . . . . . $2,000,000

ALABAMAAtmore (City)Jul 13, 2011 . . . . . . $6,410,000

Against a backdrop of investors continuing to pull money from tax-exempt bond funds, the municipal market’s first-ever exchange-traded fund to focus specifically on closed-end muni funds has launched.

CHICAGO - Indiana University, a triple-A rated credit, will hit the market Thursday with $96 million of student-fee revenue bonds to finance construction of a neuroscience building.

Municipal portfolio managers say they are finding value in various pockets of the market, ranging from premium bonds to potentially refundable debt.

COLORADOColoradoJul 12, 2011 . . . . . . $500,000,000

CALIFORNIASan Diego County Water AuthorityJul 12, 2011 . . . . . . $86,630,000

Table as of: 07/12/2011 14:27 PM Invisible Supply Issuer and purpose Amount* Approval

CHICAGO - Fears expressed by some municipal market participants that cuts in state aid will spawn a wave of local government defaults are overblown, according to a new report by Nuveen Asset Management that examines 12 Cleveland-area issuers.

LOS ANGELES - A bill moving through the California Legislature would lower the state's short-term borrowing costs with the help of a $1.7 billion cushion from its two public university systems.

Moody's Investors Service has upgraded Loyola University Chicago's rating one level to A2 following the completion of the school's sale of its health system to Trinity Health on June 30.

Newly installed board members of the Illinois Student Assistance Commission — under fire for its oversight of the troubled College Illinois prepaid tuition program — voted Friday to oust its executive director, Andrew Davis.

ARKANSASFayetteville School District No. 1 of Washington CountyJul 11, 2011 . . . . . . $8,400,000

ARKANSASMagnolia (City)Jul 11, 2011 . . . . . . $3,345,000

The Dormitory Authority of the State of New York plans to issue $762.7 million of general-purpose personal income tax revenue bonds Wednesday through negotiated bid.