Investments

ARKANSASCabot School District No. 4 of Lonoke CountyMay 12, 2010 . . . . . . $32,645,000

ARIZONACatalina Foothills Unified School District No. 16May 12, 2010 . . . . . . $10,250,000

Table as of: 08/11/2010 14:07 PM Invisible Supply Issuer and purpose Amount* Approval

CALIFORNIACabazon Band of Mission IndiansMay 10, 2010 . . . . . . $2,835,000

ALABAMAAlabamaMay 11, 2010 . . . . . . $62,085,000

Bonds backed by federally guaranteed student loans are subject to greater short-term basis risk because of a mismatch in the way the interest rate on the bonds is calculated compared to the way the Department of Education sets interest on the underlying loans that flow into bond trusts, according to a report released by Fitch Ratings yesterday.

WASHINGTON — Goldman, Sachs & Co. has hired Christopher J. Cowen as managing director and co-head of higher education in its public sector and infrastructure banking business.

BRADENTON, Fla. — The federal judge presiding over the Alabama ­Public School and College Authority’s case that attempts to void a swaption with ­JPMorgan has agreed with a joint request to delay the trial more than four months.

CHICAGO — The University of ­Chicago is watching the market closely, hoping to sell $300 million of taxable fixed-rate bonds this week or next to raise funds for capital projects and restructure debt from a bank line of credit.

INDIANAGriffith (Town)May 6, 2010 . . . . . . $1,995,000

CALIFORNIAWoodlake Union Elementary School DistrictMay 7, 2010 . . . . . . $1,990,000

MASSACHUSETTSCanton (Town)May 6, 2010 . . . . . . $5,763,829

ARIZONAPima County Industrial Development AuthorityMay 7, 2010 . . . . . . $7,700,000

The University of Connecticut plans to market tax-exempt bonds to institutional investors tomorrow in a $138.8 million offering that began a two-day retail order period on Friday.

The Internal Revenue Service has found that the vast majority of colleges and universities have endowment funds invested in a wide range of securities.

Retail investors shrugged off the panic plaguing most of the world’s financial markets last week and poured more cash into municipal bond mutual funds.

The primary market is expected to include a handful of large deals that run the gamut from long-term, fixed-rate, tax-exempt offerings in various sectors to short-term, floating-rate, and taxable issues that are part of an estimated $7.56 billion of new volume anticipated for pricing this week, according to Ipreo LLC and The Bond Buyer.

ARKANSASMarvell School District No. 22 of Phillips CountyMay 6, 2010 . . . . . . $2,250,000

CALIFORNIACalifornia Department of Water ResourcesMay 6, 2010 . . . . . . $2,992,540,000

One would expect that a socially conscious municipal bond mutual fund devoted to investing in projects that create jobs would consider Build America Bonds a welcome addition to the market.