Investments

ARIZONASierra Vista Municipal Property CorporationJun 16, 2010 . . . . . . $10,020,000

ALABAMAMoroeville (City)Jun 14, 2010 . . . . . . $3,610,000

BRADENTON, Fla. — In its first municipal bond deal in two years, the Kentucky Higher Education Student Loan Corp. today will price $225 million of revenue bonds to take out a portion of its auction-rate securities.

Invesco PowerShares plans to launch its second exchange-traded fund devoted to Build America Bonds, highlighting both the proliferation of municipal ETFs and the growing importance of taxable state and local government debt.

ARIZONAPeoria (City)Jun 15, 2010 . . . . . . $29,170,000

ALABAMASummerdale Public Building AuthorityJun 14, 2010 . . . . . . $1,845,000

CHICAGO — Illinois’ state universities should have sufficient liquidity to meet their fiscal obligations, at least through November, under a newly approved power to borrow against late state payments and an infusion of tuition revenue expected in late August, Moody’s Investors Service reported in its latest credit outlook.

Moody’s Investors Service last week raised Missouri State University’s auxiliary system revenue bonds one notch to A1 due to the completion of a multipurpose arena that has generated additional revenue to support debt service.

ILLINOISDarien Park DistrictJun 14, 2010 . . . . . . $1,000,000

ALABAMAJasper Waterworks and Sewer Board, Inc.Jun 11, 2010 . . . . . . $2,215,000

IOWADunkerton Community School DistrictJun 10, 2010 . . . . . . $2,000,000

ALABAMAFayette Waterworks BoardJun 11, 2010 . . . . . . $3,210,000

Revenue bond issues for large transportation initiatives in three states and two sizeable note deals will be at the forefront of the primary market this week.

ARKANSASArkansasJun 10, 2010 . . . . . . $9,500,000

ALABAMAAuburn (City)Jun 10, 2010 . . . . . . $27,020,000

Household ownership of municipal bonds catapulted over the $1 trillion mark for the first time ever in the first quarter of 2010. Meanwhile, foreign investors seeking a greater footprint in the municipal market via taxable Build America Bonds held $71.9 billion in their largest-ever presence in the market, according to new Federal Reserve data released yesterday.

All of The Bond Buyer’s weekly yield indexes rose this week, as bond prices declined consistently throughout the period.

Tax-exempt funds recouped nearly half of the losses they suffered last week as $1.87 billion of inflows boosted total net assets to $354.79 billion for the week ending June 7, according to the Money Fund Report, a service of iMoneyNet.com.

ARKANSASLavaca School District No. 3 of Sebastian CountyJun 9, 2010 . . . . . . $2,980,000

CALIFORNIACastaic Lake Water AgencyJun 9, 2010 . . . . . . $70,595,000