Investments

Table as of: 09/25/2009 17:49 PM Invisible Supply Issuer and purpose Amount* Approval

NEW JERSEYSwedesboro BoroughSep 25, 2009 . . . . . . $484,500

CALIFORNIACalifornia Municipal Finance AuthoritySep 24, 2009 . . . . . . $210,000,000

Dwindling yields on municipal bonds have done nothing to deter investors from continuing to sock away unparalleled sums of cash into municipal bond mutual funds.

The official start of the fourth quarter will be marked by some brisk new-issue activity this week as several large financings - led by two significantly sized Build America Bond deals in California and New York - come to market.

CHICAGO - The Wayne State University Board of Governors plans to enter the market this week with $112 million of fixed-rate bonds to refund outstanding debt and terminate a pair of interest rate swaps.

CALIFORNIATehama County Board of EducationSep 17, 2009 . . . . . . $6,000,000

ALABAMAThe Medical Clinic Board of the City of HooverSep 17, 2009 . . . . . . $4,910,000

CHICAGO — Ohio State University’s board of trustees this week approved a $1 billion expansion plan of the school’s medical center campus that will rely on $925 million of new-money bonds.

The Bond Buyer’s weekly yield indexes again fell this week, extending a string of declines seen over several weeks and recording an all-time low on the one-year index.

Invesco Powershares is preparing to launch an exchange-traded fund linked to Build America Bonds, fusing two of the hottest ideas in public finance.

It is now prohibited for the New York State Common Retirement Fund (CRF) to enter into business with investment advisors who have made political contributions to the state’s comptroller or a candidate for state comptroller.

With outflows of $8.46 billion, tax-exempt money market funds fell to $428.91 billion in total assets during the week ending Sept. 21, according to the Money Fund Report, a service of iMoneyNet.com.

Table as of: 09/23/2009 17:40 PM Invisible Supply Issuer and purpose Amount* Approval

ARKANSASConway (City)Sep 22, 2009 . . . . . . $12,000,000

ARKANSASWest Fork School District No. 141 of Washington CountySep 23, 2009 . . . . . . $2,570,000

SAN FRANCISCO - After pricing its massive $8.8 billion revenue anticipation note sale on the low end of its projected yield range yesterday, California now turns to a general obligation bond sale planned in two weeks.

Lower-rated borrowers that couldn't meet the Dormitory Authority of the State of New York's stringent credit requirements are likely to find the door open a little wider in the near future if staff recommendations presented yesterday are implemented.

The Dormitory Authority of the State of New York approved the state's first qualified school construction bond deal at its monthly board meeting yesterday.

Louisiana Gov. Bobby Jindal last week asked two commissions studying state spending to find almost $1 billion in state budget cuts.