Investments

ALABAMAMobile (City)Jul 21, 2008 . . . . . . $90,685,000

ALASKAAlaska Municipal Bond BankJul 22, 2008 . . . . . . $19,155,000

Providers of municipal bond pricing and evaluation services say they are managing to deliver accurate and transparent pricing of more than one million tax-exempt securities on a daily basis - even though the market is experiencing one of the most pronounced and prolonged periods of volatility in the last three decades.

ILLINOISDeerfield VillageJul 21, 2008 . . . . . . $5,000,000

ALABAMAButler CountyJul 18, 2008 . . . . . . $1,100,000

A backlog of delayed state matching funds for endowed chairs at Oklahoma state schools that was estimated at $125 million in May has grown to more than $360 million at the latest count.

WASHINGTON - Marking the 10th anniversary of Allegheny Health, Education, and Research Foundation's historic bankruptcy filing and payment default, Moody's Investors Service issued a report yesterday on the lessons learned from that debacle and the challenges still facing nonprofit hospitals.

DALLAS - The Dallas County Community College District is planning to price $220 million of limited general obligation bonds representing the second issue from a 2004 authorization of $450 million.

New York Gov. David Paterson yesterday proposed selling tax-exempt bonds to finance a low-interest student loan program.

NEW JERSEYCape May (City)Jul 16, 2008 . . . . . . $3,775,000

ARIZONAArizona Housing Finance AuthorityMay 28, 2008 . . . . . . $10,000,000

A pair of issuers from Los Angeles will have starring roles in this week's primary market, which is expected to see an estimated $7.67 billion of new-issue volume, according to Thomson Reuters, compared with a revised $6.27 billion last week.

While reiterating its current stable outlook for the U.S. Higher Education sector, Moody’s Investors Service cautions that conditions have worsened and that its rating outlook could turn negative by 2009, according to a mid-year outlook issued to reflect changing conditions.

Weekly reporting municipal bond mutual funds had a net inflow of $251 million during the period ending July 16, AMG Data Services reported.

Expect to hear and read this term much more often: "covered bonds."

ARKANSASDollarway School District No. 2 of Jefferson CountyJul 17, 2008 . . . . . . $7,485,000

ARIZONASun Devil Energy Center LLCJul 8, 2008 . . . . . . $52,620,000

Tax-free money market funds had a short-lived period of positive inflows last week, and returned to negative territory this week as they lost $1.32 billion and ended the week of July 14 with $513.48 billion in total assets, according to the Money Fund Report, a service of iMoneyNet of Westborough, Mass.

The Empire State Development Corp. yesterday approved the general project plan for a controversial $6.28 billion expansion of Columbia University that could use tax-exempt bond financing issued through the Dormitory Authority of the State of New York.

The Bond Buyer's weekly yield indexes were mostly higher this week, as early week gains were washed out by losses over the past two trading sessions.