Investments

ARIZONAKyrene Elementary School District No. 28May 9, 2008 . . . . . . $30,000,000

Weekly reporting municipal bond mutual funds had a net inflow of $815 million during the period ending May 21, AMG Data Services reported.

The arrival of a billion-dollar deal from Florida along with large utility offerings this week will keep the primary market busy despite the abbreviated trading in observance of Memorial Day yesterday. However, new-issue volume at the end of May won't be much higher than it was at the start of the month.

ARKANSASHermitage School District No. 12 of Bradley CountyMay 22, 2008 . . . . . . $1,195,000

ARIZONABucking Horse Improvement DistrictMay 21, 2008 . . . . . . $524,000

The Bond Buyer's weekly indexes were mixed this week, as slight gains were nearly washed away by a sell-off yesterday.

Tax-free money market funds continued on their record-breaking streak this week.

COLORADOColorado Water Resources and Power Development AuthorityMay 20, 2008 . . . . . . $11,235,000

DISTRICT OF COLUMBIADistrict of ColumbiaMay 21, 2008 . . . . . . $185,775,000

ARKANSASDumas School District No. 6 of Desha CountyMay 20, 2008 . . . . . . $7,075,000

CALIFORNIARiver Delta Unified School District Community School Facilities Improvement District No. 1May 15, 2008 . . . . . . $20,930,000

When June 1 officially kicks off the spring reinvestment season, bondholders will be faced with an estimated $51.6 billion in municipal bond redemptions for the month - approximately a 15% increase over June 2007, according to new figures from Interactive Data.

ARIZONACasa Grande (City)May 19, 2008 . . . . . . $11,000,000

ALABAMABaldwin CountyMay 6, 2008 . . . . . . $24,715,000

KENTUCKYMadison County Utility DistrictMay 15, 2008 . . . . . . $3,630,000

ARIZONAGlendale Industrial Development AuthorityMay 14, 2008 . . . . . . $28,600,000

Weekly reporting municipal bond mutual funds had a net inflow of $695 million during the period ending May 14, AMG Data Services reported.

A handful of sizable deals will make their way to the primary market this week as the municipal market begins to show signs of the seasonal lull in volume that is typical ahead of the Memorial Day holiday next week.

INDIANALafayette (City)May 15, 2008 . . . . . . $4,950,000

CALIFORNIAAuburn Union School DistrictMay 14, 2008 . . . . . . $36,010,000