Investments

CONNECTICUTHamden (Town)Aug 12, 2009 . . . . . . $30,765,000

The New Jersey Educational Facilities Authority is seeking an investment adviser and a swap consultant to provide investment and derivative guidance for public and private higher educational institutions that borrow through the conduit.

SAN FRANCISCO - About 100 highly rated higher education, health care, and other not-for-profit issuers are using self-liquidity to support short-term debt, according to a Moody's Investors Service report published this week.

ALABAMAOpp Industrial Development BoardJul 29, 2009 . . . . . . $3,770,000

ARKANSASArkadelphia School District No. 1 of Clark CountyAug 11, 2009 . . . . . . $3,475,000

For an illustration of the global reach of the credit crisis, consider the plight of Narvik, a Norwegian municipality on the banks of the Ofotfjord.

KANSASMarion (City)Aug 10, 2009 . . . . . . $87,000

ALABAMAMoody (City)Aug 10, 2009 . . . . . . $3,840,000

Slightly more than $154 million in federal stimulus cash will help Arizona’s three state universities replace a portion of the cuts they suffered in last year’s state budget.

SAN FRANCISCO - California's finance officials this week are expected to announce the size and shape of the state's upcoming cash-flow borrowing.

A spike in Treasury rates threatens to stomp out the rally in short-term municipal bonds, investors and analysts say.

KANSASOgden (City)Jul 15, 2009 . . . . . . $1,960,000

ARIZONACasa Grande (City)Aug 6, 2009 . . . . . . $18,800,000

The rate at which investors stuff money into municipal bond mutual funds continues to break every record.

Given the recent summer doldrums in the municipal market, investors should be eager to sink their teeth into meaty new issues on the primary market calendar this week.

CONNECTICUTWilton (Town)Aug 6, 2009 . . . . . . $9,250,000

ALABAMAWalker County Public Building AuthorityJul 22, 2009 . . . . . . $7,445,000

California announced Tuesday that it has closed a $199.9 million bond deal with the University of California through a private placement transaction, the fifth such placement the state treasurer’s office has conducted this year.

Retail investors face a drought of new tax-free municipal bonds.

The Bond Buyer’s weekly yield indexes mostly declined slightly this week as the summer doldrums set in for the muni market, and several large new issues in the primary market were stuck with lethargic trading and little movement.