Investments

Chicago-based Loop Capital Markets LLC has hired James C. Johnson as its general counsel.

PFM Group announced last week that Robert W. Crispin, the former chairman and chief executive of ING Investment Management Americas, has joined its board of directors.

With an upgrade in hand, the University of Missouri System will enter the market Wednesday with up to $265 million of Build America Bonds to fund improvements at various campuses and its health care facilities.

Kent State University has postponed a $250 million capital program amid opposition from the Ohio Board of Regents.

Gov. Jennifer Granholm next week is expected to sign into law a $383 million capital budget that would fund dozens of projects at universities and community colleges across Michigan.

CALIFORNIASanta Ana Unified School DistrictDec 3, 2010 . . . . . . $61,920,000

IOWAJohnston (City)Dec 6, 2010 . . . . . . $970,000

CALIFORNIAKern Public Services Financing AuthorityDec 2, 2010 . . . . . . $11,250,000

ALABAMAWest Morgan-East Lawrence Water and Sewer AuthorityDec 3, 2010 . . . . . . $36,675,000

The exodus of cash from municipal bond mutual funds has slowed down as the November spike in yields attracted buyers back into the market, following a few frightening weeks of outflows.

In the wake of November’s hefty volume and the sell-off it helped precipitate, the market is poised for an estimated $12.11 billion of supply this week as issuers continue to race the clock against the impending expiration of the Build America Bonds program, according to Ipreo LLC and The Bond Buyer.

ALABAMACullman CountyDec 2, 2010 . . . . . . $6,550,000

This week didn’t exactly seem like an ideal time to float a tobacco bond.

Tax-exempt money market funds lost cash for a second straight week as investors withdrew $1.77 billion, leaving $325.56 billion in total net assets for the week ending Nov. 29, according to the Money Fund Report, a service of iMoneyNet.com.

The Bond Buyer’s weekly yield indexes were mixed this week as tax-exempts erased early-week gains with Treasury-driven losses Wednesday and Thursday.

ARKANSASDeWitt School District No. 1 of Arkansas CountyDec 1, 2010 . . . . . . $5,645,000

ARKANSASUniversity of Arkansas Board of TrusteesDec 1, 2010 . . . . . . $46,360,000

Louisiana Gov. Bobby Jindal met this week with education officials to discuss the likelihood of additional spending cuts in the fiscal 2012 budget.

Moody’s Investors Service has revised its outlook for Alabama State University’s A2 rating to negative from stable due to concerns about its increasingly leveraged balance sheet and limited growth in financial resources as the current economic climate undermines its traditional level of state support.

Table as of: 11/30/2010 16:01 PM Invisible Supply Issuer and purpose Amount* Approval