Investments

CALIFORNIARialto Redevelopment AgencyFeb 28, 2008 . . . . . . $46,750,000

ALABAMAFayette County Board of EducationFeb 28, 2008 . . . . . . $2,300,000

ARIZONAGlendale (City)Feb 27, 2008 . . . . . . $65,500,000

CALIFORNIATemecula (City)Feb 27, 2008 . . . . . . $24,535,000

ARIZONAPeoria Municipal Development Authority, Inc.Feb 26, 2008 . . . . . . $47,000,000

ALABAMAHale County Healthcare AuthorityFeb 14, 2008 . . . . . . $3,965,000

ALABAMACarroll's Creek Water AuthorityFeb 7, 2008 . . . . . . $2,355,000

KENTUCKYBarbourville Independent School District Finance CorporationFeb 25, 2008 . . . . . . $820,000

The few minor legislative tax changes that occurred in several states in 2007 were kind to taxpayers both large and small.

Weekly reporting municipal bond mutual funds had a net inflow of $182 million during the period ending Feb. 20, AMG Data Services reported.

Vanguard Group has reshuffled the management at the top of two tax-exempt bond funds, reassigning responsibilities over the limited-term tax-exempt fund and the insured long-term tax-exempt fund.

Maryland’s $400 million general obligation sale to finance various state and local construction projects leads a small flurry of new-issue activity in the Northeast and is the largest deal in an otherwise fairly lackluster new-issue market. This week’s volume is expected to be $4.33 billion, up from a revised $2.76 billion last week,

TEXASDenton County Fresh Water Supply District No. 10Feb 21, 2008 . . . . . . $3,500,000

ARIZONAAntelope Unified School District No. 50Feb 22, 2008 . . . . . . $2,350,000

A new version of a model-based, portfolio management tool is being offered to broker-dealers seeking increased efficiencies when establishing, building, and maintaining fixed-income portfolios for retail investors as an alternative to traditional money managers or bond funds.

All The Bond Buyer's weekly yield indexes increased this week, and the one-year note index rose 107 basis points, the largest one-week index since it began in July 1989.

For the first week since the beginning of the year, tax-free money market funds saw outflows with a $10.41 billion decline for the week ending Feb. 18, causing assets to drop to $481.64 billion, down from the prior week's high of $492.05 billion, according to the Money Fund Report from imoneynet.com.

Weekly reporting municipal bond mutual funds had a net inflow of $383 million during the period ending Feb. 13, AMG Data Services reported.

There will be few sizable deals for investors to choose from in an abbreviated trading session this week due to the observance of the Presidents Day holiday, as $2.42 billion of expected new-issue volume will come to market after last week's revised total of $4.40 billion.

Tax-free money market funds inflows were down from last week's huge haul, but still totaled $2.124 billion, boosting assets to $492.05 billion for the week ending Feb. 12, according to imoneynet.com.