Investments

ARKANSASBauxite School District No. 14 of Saline CountyOct 21, 2009 . . . . . . $1,220,000

ALABAMACity of Red BayOct 19, 2009 . . . . . . $4,435,000

A little more than a year ago, precisely at the time people were scrambling to protect the value of their municipal bonds, hedging to protect the value of munis became untenable.

The municipal market remained unchanged to slightly firmer yesterday, as the Alabama Public School and College ­Authority came to market with a $680 million refunding.

Table as of: 10/20/2009 15:54 PM Invisible Supply Issuer and purpose Amount* Approval

ARKANSASGenoa Central School District No. 1 of Miller CountyOct 20, 2009 . . . . . . $6,305,000

FLORIDAMartin CountyOct 20, 2009 . . . . . . $28,675,000

Moody’s Investors Service last week revised the outlook on Loyola University of Chicago’s A3 credit to stable from negative because of strong operating performance and cash flow as well as operating improvement initiatives being undertaken by the university’s health system.

ARIZONAPoquito Valley Road Improvement District of Yavapai CountyOct 19, 2009 . . . . . . $1,857,000

ALABAMANortheast Morgan County Water and Sewer AuthorityOct 8, 2009 . . . . . . $15,045,000

Three professors from Willamette University have published a study reaching a surprising conclusion — municipalities do not sell more bonds when federal tax rates go up.

As exchange-traded funds continue to grow in scope and popularity, investment experts warn that some products, such as leveraged and inverse ETFs, may be too dangerous for all but the most experienced investors.

ALABAMAEnterprise (City)Oct 12, 2009 . . . . . . $27,770,000

Table as of: 10/16/2009 15:13 PM Invisible Supply Issuer and purpose Amount* Approval

The sell-off in municipals last week finally stemmed the tide of cash that had flooded municipal bond mutual funds for the better part of a year.

Issuers plan to price an estimated $11.69 billion of new deals this week, according to Ipreo LLC and The Bond Buyer. Participants are hoping the market continues to recover some of the ground it gave up last week when weakness put a damper on primary activity as yields rose by at least 10 basis points in the intermediate slope of the curve and forced postponement of at least two large deals.

ARKANSASParkers Chapel School District No. 35 of Union CountyOct 15, 2009 . . . . . . $3,765,000

ARKANSASWest Memphis (City)Oct 15, 2009 . . . . . . $10,620,000

Stanford University has promoted Odile Disch-Bhadkamkar to the new position of treasurer. Her previous post was senior director of finance and bondholder relations.

All The Bond Buyer’s weekly yield indexes for long-term debt climbed this week, as muni yields continued to push higher, even increasing by as much as 10 basis points in spots Wednesday, prior to finally stabilizing yesterday.