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The municipal market continues to gain from an extended rally that has boosted fixed income securities. Investors have embraced bonds as they see volatile equities and want security, if not yield.
July 26
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The tide of investor demand stays high for municipal bond mutual funds. A strong week of record-low muni bond yields on the intermediate and long ends of the curve marked the week ended July 25.
July 26 -
A new Government Accountability Office study examining bus rapid transit concludes that cities with limited funding sources and no major congestion issues may find high-cost features worthwhile only if economic development is a major goal of the bus line.
July 26 -
Although the total net assets of tax-exempt money market funds fell noticeably less than last week, the outflows continue to erode the more than $4 billion bounty that the funds generated just two weeks ago, according to The Money Fund Report, a service of iMoneyNet.com.
July 26 -
Rhode Island's Investment Commission on Wednesday chose BNY Mellon as its custodian bank for the state's assets of roughly $8 billion, General Treasurer Gina Raimondo announced.
July 26 -
Amtrak's roughly $7 billion master plan for a complete overhaul of Washington D.C.'s Union Station will likely involve a large collaborative effort mixing public and private funding sources, according to a company spokesman and industry experts.
July 26 -
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Table as of: 07/24/2012 11:17 AM Invisible Supply Issuer and purpose Amount
July 25 -
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Fitch Ratings has dropped 26 U.S. municipal bonds supported by three major Japanese banks.
July 24 -
Moody's Investors Service affirmed the A1 rating for the Metropolitan Utilities District of Omaha, removing it from review for possible downgrade, and assigned a negative outlook.
July 24 -
Sussex County board member Eric Fly voiced his concern over the process and the plan itself, "The whole process is backwards. VDOT isn't going to give the public any time to voice their opinion prior to submitting their final application to the Federal Highway Administration. They clearly know that the public is against the idea and are therefore trying to jam it through before any public comment.
July 24 -
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Table as of: 07/23/2012 13:11 PM Invisible Supply Issuer and purpose Amount
July 24 -
The U.S. Department of Transportation today announced $787 million in grants to 48 states, the District of Columbia and Puerto Rico for 255 projects that will upgrade or replace mass transit infrastructure.
July 23
