Investments

NEW JERSEYAllamuchy TownshipJul 8, 2011 . . . . . . $4,629,000

ALABAMALoachapoka Water AuthorityJul 11, 2011 . . . . . . $2,295,000

The biggest deal expected this week is Wednesday's $760 million taxable and tax-exempt offering from the Dormitory Authority of the State of New York, which will be priced by Wells Fargo. A retail order period on Tuesday will precede institutional pricing.

DALLAS — The board set up to finance and operate a new state teaching hospital in New Orleans has withdrawn its request for federal enhancement of revenue bonds needed to build the $1.2 billion University Medical Center.

Fitch Ratings has affirmed its stable outlook and A-minus rating for the University of Medicine and Dentistry of New Jersey.

ARKANSASRussellville School District No. 14 of Pope CountyJul 7, 2011 . . . . . . $2,170,000

ALABAMADekalb-Cherokee Counties Gas DistrictJul 7, 2011 . . . . . . $2,030,000

CALIFORNIAAzusa (City)Jul 6, 2011 . . . . . . $7,880,000

ARKANSASMcCrory School District No. 12 of Woodruff CountyJul 6, 2011 . . . . . . $630,000

NEW JERSEYMedford TownshipJul 5, 2011 . . . . . . $13,181,000

CALIFORNIAOxnard School DistrictJul 5, 2011 . . . . . . $7,275,000

Muni market strategist Christopher Holmes has departed JPMorgan to join Moody's Investors Service.

St. Louis-based Webster University received one-notch rating upgrades ahead of its recent new-money and refunding sale for $61 million.

INDIANAHamlet (Town)Jun 27, 2011 . . . . . . $1,110,000

CALIFORNIACampbell Union School DistrictJul 1, 2011 . . . . . . $57,049,400

The municipal market can expect $1.3 billion of new issuance for this holiday-shortened week, down dramatically from last week’s revised $8.1 billion.

CALIFORNIASaratoga (City)Jun 29, 2011 . . . . . . $11,995,000

ALABAMAPrattville Water Works BoardJun 30, 2011 . . . . . . $2,720,000

Table as of: 06/30/2011 14:53 PM Invisible Supply Issuer and purpose Amount* Approval

Just as a strong rally in Treasuries helped make munis look good in the first three weeks of June, so too did a major sell-off in the month's final week make tax-exempts appear weak.