Investments

Call it the calm after the storm of taxable Build America Bond issuance.

ALABAMAMobile Public Educational Building AuthorityAug 25, 2009 . . . . . . $99,060,000

FLORIDAFlorida State Board of EducationAug 26, 2009 . . . . . . $165,760,000

While tax-exempt money market funds remained at record-low yields of 0.10%, they saw $17.3 million of outflows and settled at $446.10 billion in total assets for the week ending Aug. 24. The outflows were miniscule compared to the $2.82 billion that fled the funds the previous week, leaving $446.12 billion in assets, according to the Money Fund Report, a service of iMoneyNet.com.

The Bond Buyer’s weekly yield indexes declined this week on firmness the last two sessions following an unchanged start to the week, amid decent secondary trading activity on the long end of the curve and little interest on the short end.

CALIFORNIAPeralta Community College DistrictAug 25, 2009 . . . . . . $100,000,000

ARKANSASCorning School District No. 8 of Clay CountyAug 26, 2009 . . . . . . $2,180,000

Huntsville-based financial adviser Phil Dotts has been appointed to the Alabama Commission on Higher Education by Gov. Bob Riley. Dotts appointment, which runs through 2018, is still subject to Senate confirmation next year.

ALABAMAAlabaster (City)Aug 20, 2009 . . . . . . $7,575,000

Wells Fargo & Co. has launched an index tracking the performance of Build America Bonds, the hottest sector in government finance.

ALABAMACoosa CountyAug 14, 2009 . . . . . . $2,700,000

KANSASMerriam (City)Aug 24, 2009 . . . . . . $2,980,000

Wall Street's M&A business for asset management companies will be fueled by strategic expansion purchases and corporate divestitures over the coming year, according to a new survey by Jefferies Putnam Lovell.

NEW YORK - Wells Fargo & Co. has launched an index tracking the performance of Build America Bonds, the hottest sector in government finance.

CALIFORNIACalifornia Pollution Control Financing AuthorityAug 21, 2009 . . . . . . $100,000,000

Billion-dollar deals from issuers in California and Texas will dominate the municipal market this week on the heels of two similar offerings that priced last week, and at a time when investors continue to clamor for paper in the face of a nearly $50 billion supply shrinkage this year.

The prospect of higher taxes and impatience with yields available on cash continued to compel unparalleled amounts of money into municipal bond mutual funds last week.

ARIZONAArizona School DistrictAug 19, 2009 . . . . . . $150,000,000

CALIFORNIAFolsom (City)Aug 20, 2009 . . . . . . $10,195,000

The fees issuers pay to bankers to underwrite municipal bonds are higher then they’ve been for eight years, as the financial crisis heightened risk and decimated competition in the industry.