The Bond Buyer articles from February 2008

The Bond Buyer archives from February 2008

Friday.
February 1, 2008... Regions OHIO WILL eliminate up to 2,700 jobs and expand electronic gaming as part of a plan to eliminate a budget shortfall that could reach $2 billion by 2009, Gov. Ted Strickland announced yesterday. 3 IF GOVERNMENTS put off for too...

S&P Downgrades FGIC to AA From AAA.
February 1, 2008... Financial Guaranty Insurance Co. was downgraded by Standard & Poor's yesterday to AA from AAA, based on the rating agency's most recent downg ades of residential mortgage-backed securities, some of which are guaranteed by FGIC. The insurer...

Transportation Solutions: Boxer Looks to Munis, Private Money.
February 1, 2008... WASHINGTON -- Sen. Barbara Boxer, D-Calif., plans to explore the increased use of municipal bonds and private investments to improve the nation's transportation systems, she said yesterday after raising concerns about a commission proposal to...

Trends in the Region: Water Desalination May Come to California.
February 1, 2008... CHICAGO -- Once considered primarily for drought-plagued regions in the Middle East, water desalination plants are closer to becoming a reality in some western regions of the United States, and tentative plans for a new plant in Northern...

Volume Plunge For Munis: Hits Lowest Level Since 9-11 Attacks.
February 1, 2008... A dramatically changed municipal market coupled with concerns relating to bond insurers has sent January new-issue volume plunging to levels not seen since September 2001, preliminary data from Thomson Financial shows. Issuers sold just...

Munis Slightly Firmer, Following Treasuries.
February 1, 2008... The municipal market was slightly firmer yesterday, following Treasuries. "I would say overall, you're probably getting one to three basis points, just because of the way [the Treasury market has] rallied, and if it continues, we could get...

In Brief: Jobless Claims Up 69,000 To 375,000 in Jan. 26 Week.
February 1, 2008... WASHINGTON -- Initial claims for U.S. state unemployment increased 69,000 to 375,000 in the Jan. 26 week, the Labor Department reported yesterday, the highest level since the Oct. 8, 2005, week when the level stood at 376,000. Analysts...

In Brief: Personal Income Up 0.5%; PCE Gains 0.2% in Dec.
February 1, 2008... WASHINGTON -- The U.S. December personal income report shows little momentum in the economy. December personal income printed up 0.5%, personal consumption expenditures rose 0.2% the smallest gain since September 2006, illustrating the...

In Brief: Chicago PMI 51.5 in Jan., Down From 56.4 in Dec.
February 1, 2008... The Chicago Purchasing Managers Business Barometer fell to 51.6 in January from 56.4 in December, the National Association of Purchasing Management-Chicago said yesterday. The data is compiled on a seasonally adjusted basis. An index...

In Brief: NAPM-NY Index Off To 47.9 From 63.9 in Dec.
February 1, 2008... Business activity declined in January after a strong showing in the prior three months, as the New York Current Business Conditions Index in the National Association of Purchasing Management-New Yorks Report on Business decreased in January to...

In Brief: Weekly T-Bill Auction To Raise $6B New Cash.
February 1, 2008... The Treasury Department said yesterday it will raise $6.013 billion of new cash at its weekly auction of 91-day and 182-day discount bills Monday by selling $44 billion to refund $37.987 billion in maturing securities. To be sold are $23...

Ohio Gov. Strickland Seeks to Cut $733M and Eliminate 2,700 Jobs.
February 1, 2008... CHICAGO -- Ohio will eliminate up to 2,700 jobs and expand electronic gaming as part of a plan to eliminate a budget shortfall that could reach $2 billion by 2009, Gov. Ted Strickland announced yesterday. Under his budget reduction package,...

Colorado Will Need $1.5B More Per Year for Transportation, Panel Says.
February 1, 2008... DALLAS -- Colorado will need an additional $1.5 billion per year to invest in transportation infrastructure in the face of deteriorating roadways and increasing use, a panel appointed by Gov. Bill Ritter Jr. reports. Adding the new revenue...

Bond Insurers: MBIA Parent Company Posts Net Loss of $2.3B for Fourth Quarter.
February 1, 2008... MBIA Inc., parent of the municipal market's largest bond insurer, yesterday reported a net loss of $2.3 billion for the fourth quarter, based on mark-to-market losses to the company's insured derivatives portfolio and additional capital...

S&P: Governments Need to Focus on OPEBs Now.
February 1, 2008... CHICAGO -- If governments put off for too long addressing unfunded other post-employment and health care benefit liabilities, they could pose a credit risk in the coming years as double-digit health care cost increases are expected to continue...

St. Louis Convention Center Struggles to Continue.
February 1, 2008... CHICAGO -- The St. Louis convention center hotel complex will continue to struggle financially for the first half of the year, according to the hotels' general manager - raising questions over the project's ability to generate enough revenue to...

Mutual Funds: Subprime-Related Woes Offer Opportunity for Some Managers.
February 1, 2008... The turmoil in the municipal market over bond insurers' exposure to ill-fated products derived from subprime mortgages has continued, with recent downgrades of monoline insurers suffering from severe financial deficiencies. In addition,...

Yields: Bond Buyer Weekly Indexes Rise as Munis Grow Weaker in Most Sessions.
February 1, 2008... The Bond Buyer's weekly yield indexes rose this week, as the municipal market grew weaker in most of the week's sessions. "It was just selling pressure in general, and very lackluster buying," said George Strickland, managing director and...

Far West Invisible Supply.
February 1, 2008... Approval Underwriter Expected Issuer and purpose Amount* status choice sale date CALIFORNIA State GOs $1,750 A negotiated March LADWP power revs $950 P 2008 State gambling securitization $850 P JPMorgan...

Visible Supply By State.
February 1, 2008... Jan. 31, 2008 Jan. 24, 2008 State Issues Amount Issues Amount Chg in Amt Alaska 0 $0 0 $0 $0 California 16 3,860,860,000 14 698,370,000 3,162,490,000 Hawaii 0 0 0 0 0 Idaho 2...

Plain/Insured GO Yield Curves For Jan. 30, 2008*.
February 1, 2008... State Ratings One-Year Five-Year 10-Year 30-Year Montana Aa2/AA-/AA- 1.93 / 1.93 2.84 / 2.86 3.50 / 3.57 4.54 / 4.61 Hawaii Aa2/AA/AA 1.95 / 1.95 2.84 / 2.88 3.50 / 3.57 4.54 / 4.61 Nevada...

CALIFORNIA: Health Plan Shot Down.
February 1, 2008... A California Senate committee Monday killed Gov. Arnold Schwarzeneggers universal health insurance plan. The plan evolved through a year of negotiations to include a mandate that individuals obtain health insurance, subsidies for...

CALIFORNIA: Redistricting Reform Boost.
February 1, 2008... Launching another effort to try and change the redistricting process for the California Legislature, Gov. Arnold Schwarzeneggers campaign committee on Friday announced a $50,000 contribution toward a signature drive that seeks to qualify a...

CALIFORNIA: ERBs Get Three Affirmations.
February 1, 2008... All three ratings agencies have affirmed Californias economic recovery bonds ahead of a $3.2 billion issue next week. The bonds issued to finance the states budget deficit were affirmed at AA-plus by Standard & Poors and Aa3 by Moodys...

CALIFORNIA: The O.C.'s 'Prudent' Pools.
February 1, 2008... A risk analysis and review of Orange Countys three investment pools found little to be concerned about, the county supervisors were told this week. In our opinion, the countys investments are being managed in a thoughtful, prudent manner,...

NEVADA: Moody's Hits Monorail Bonds.
February 1, 2008... Moodys Investors Service Tuesday downgraded the underlying rating on bonds issued for the Las Vegas Monorail Corp. to Caa2 from B2, stating that the monorail faces a payment default by 2010 under current trends, The action affects...

NEVADA: State Tops Foreclosure List.
February 1, 2008... Nevada posted the nations highest state foreclosure rate for 2007, according to a survey released Tuesday. During 2007, 3.4% of Nevada households entered some stage of foreclosure during the year, according to the report published by...

Competitive Bond Offerings.
February 1, 2008... Letter F next to the issuer's name signifies the Official Notice of Sale is available on the internet! Go to www.bondbuyer.com A letter "P" signifies that a link to the POS is on the Bond Buyer Online's Competitive Bond Offering Calendar....

Competitive Note Offerings.
February 1, 2008... Tentative dates for negotiated sales of $1 million or more. Letter F next to the issuer's name signifies the Official Notice of Sale is available on the internet! Go to www.bondbuyer.com A letter "P" signifies that a link to the POS is...

Negotiated Bond Offerings.
February 1, 2008... Tentative dates for negotiated sales of $1 million or more. ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Friday, February 1 ...

Results of Negotiated Sales.
February 1, 2008... ALABAMA Cullman County Public Building Authority Jan 22, 2008 $5,985,000 Building Revenue Warrants (DHR Project) Series 2008 (book entry) Dated Feb 1, 2008. Due Jan 1, 2010 to 2029. First coupon Jul 1, 2008. ...

Results of Competitive Sales.
February 1, 2008... ALABAMA Alabama Water Pollution Control Authority Jan 31, 2008 $44,150,000 Revolving Fund Loan Refunding Bonds, Series 2008-A (book entry). Dated Feb 1, 2008. Due Aug 15, 2009 to 2019. Callable Feb 15, 2016 at par....

Rating Changes.
February 1, 2008... ISSUER AMOUNT CHANGE BOND ($000S) TO FROM NAME COMMENTS Austin (City), Tex., general obligation bonds n.a. AAA AA-plus S&P Maintenance of strong reserves, established by policy, that would likely allow the...

Atlanta's Mayor Shirley Franklin Warns of $70 Million 2009 Shortfall.
February 1, 2008... ATLANTA -- Atlanta Mayor Shirley Franklin this week said that the city faces a budget shortfall of roughly $70 million for fiscal 2009, which begins July 1. She made the statement before the finance and executive committee of the City...

MSRB Publishes Further Details on EMMA System Requirements.
February 1, 2008... WASHINGTON -- The Municipal Securities Rulemaking Board provided additional details yesterday on the information it plans to require broker-dealers to file to its planned Electronic Municipal Market Access system, or EMMA, and asked muni market...

Money Market Funds Surge Following FOMC Rate Cut.
February 1, 2008... Following the Federal Open Market Committee's surprise cut in the federal funds rate by 75 basis points to 3.50% on Jan. 22, tax-free money market funds ended the first month of 2008 on a positive note, reporting inflows of $939.5 million for...

Florida Cabinet Approves Interest Rate Waivers for CDDs.
February 1, 2008... BRADENTON, Fla. -- Florida's governor and Cabinet yesterday unanimously approved higher interest rates than allowed by law for six community development districts. The CDDs, created by developers and builders, want to issue tax-exempt...

N.Y.C. Congestion Panel Picks Plan That Would Generate $491M for Transit.
February 1, 2008... A commission formed to consider congestion mitigation alternatives selected a congestion pricing plan for New York City's central business district that would generate an estimated $491 million annually to fund mass transit projects. The...

Bond Sales by State: January.
February 1, 2008... 2008 2007 Volume Volume Percentage State Rank (000s) Rank (000s) Change Alabama 25 $100,200 43 $87,300 +14.8 % Alaska 36 34,900 36 138,600 -74.8 Arizona 11 422,300 11 811,700 -48.0...

Long-Term Bond Sales: January.
February 1, 2008... 2008 2007 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $16,470,600 596 $31,218,300 853 -47.2 % Development 801,700 24 225,500 22 +255.5 Education 5,026,400...

Largest Issues: January 2008.
February 1, 2008... Amount Issuer Date $1,100.0 Texas Transportation Commission, mass transit Jan 24 921.2 Washington (State), general purpose & mass transit GOs (cpt) Jan 8 779.9 Chicago, Ill., airports (AMT/TE) Jan 16 520.1...

Market Indicators.
February 1, 2008... Dollar amounts are in millions Day's 2008 2008 DailyYesterday Change High Date Low Date Municipal Bond Index 111-22 +23/32 114-09 (1/15) 110-30 (1/30) 40 Average Dollar Price 101.26 +0.63 103.75...

Short-Term Tax-Exempt Yields.
February 1, 2008... Jan 31, 2008 Jan 30, 2008 Feb 1, 2007 Selected MIG-1/SP-1+ Notes California Rans 4s (June 08) 1.75 1.72 3.47 Los Angeles Co Trans 4.50s (June 08) 1.75 1.72 3.47 Puerto Rico Trans 4.25s (Jul 08) 1.75 1.72...

U.S. Securities Prices.
February 1, 2008... Prices as of 3 p.m. ET. Source: GovPx (ICAP plc) Treasury Bills Yesterday's Prev. Day's Yesterday's (in percent of discount) Bid/Offer Bid/Offer Bid Yield 1M - 2/28/2008 1.630/500 1.895/885 1.659 3M -...

Municipal Market Data General Obligation Yields.
February 1, 2008... Aaa Aaa (pure) (ins) Aa A Baa 2009 1.90 1.95 1.93 2.14 2.52 2013 2.71 2.85 2.80 3.15 3.65 2018 3.36 3.55 3.46 3.88 4.31 2023 3.91 4.12 4.02 4.44 4.86 2028 4.23 4.44 4.34 4.75 5.16 ...

Bond Buyer Indexes.
February 1, 2008... Average Municipal Bond Yields - Compiled Weekly 20-Bond 11-Bond 25-Bond 10-Year 30-Year GO Index1GO Index1Revenue2Treasury3Treasury3 2008 JAN 31 4.39 4.31 4.76 3.64 4.35 24 4.29 4.20 4.71 3.65...

Weekly Yields of 20-Bond GO Index and Treasury Securities.
February 1, 2008... Latest Previous Year 12-Month Week Week Ago High Low 20-Bond Index 4.39 4.29 4.31 4.81 4.08 10-Year Treasury Note 3.64 3.65 4.84 5.22 3.64 30-Year Treasury Bond 4.35 4.36 4.93 5.30 4.34 Basis Pt...

The Credit Calendar.(Calendar)
February 1, 2008... MONDAY, February 4 The Treasury raises $6.013 billion at its regular weekly auction of three-month and six-month discount bills by selling $44.0 billion to refund $37.987 billion of maturing securities. Also maturing is an estimated $15.0...

New-Issue Balances.
February 1, 2008... (,000 Omitted) *Since initial reoffering +Revised upward since last report Amount Date NEW OFFERINGS Sold Balance $150,000 1/31 Virginia Hsg. Dev. Auth. $150,000 All Sold 44,150 1/31 Alabama Wtr. Poll. Ctrl....

State and Local Government Series Rates.
February 1, 2008... Friday Monday Tuesday Wednesday Thursday Jan 25 Jan 28 Jan 29 Jan 30 Jan 31 Overnight* 1.85 1.85 1.82 1.82 1.82 Three Months 2.38 2.30 2.29 2.29 1.98 Six Months 2.51 2.38 2.37 2.38 2.03...

Reoffering Yields.
February 1, 2008... NRO - Not Reoffered; S.B. - Sealed Bid; SNA - Sold, Not Available Offer Amount Date ($Mil) RECENT OFFERINGS 1 Year 5 10 15 20 25 30 Aaa - AAA (Pure) 1/14 10.0 Northampton Area Sch. Dist., Pa. 2.75 3.05...

Municipal Bond Index.
February 1, 2008... Current Day Previous Day Week Ago Month Ago Year Ago The Bond Buyer Municipal Bond Index 111-22 110-31 112-18 112-22 115-10 Thursday, January 31, 2008 Maturity Par Call Dollar Conversion Converted Date Date Price...

Municipal Bond Prices.
February 1, 2008... These 40 Bonds are evaluated and priced daily by Standard & Poor's Securities Evaluations Inc. All figures are rounded to the nearest eighth when reported in this table. "Change in Bid" is rounded after calculation. Dollar...

Municipal Bond Index Update.
February 1, 2008... The list of bonds used to calculate the Municipal Bond Index was revised after the January 31 pricing. The new coefficient is 1.0163. It was derived by dividing the Jan. 31 index (111.672114) by the average converted price of the new set of...

Florida Gov. Crist Unveils $70B Budget for Fiscal 2009.
February 1, 2008... BRADENTON, Fla. -- Faced with falling revenues, Florida Gov. Charlie Crist yesterday unveiled a $70 billion fiscal 2009 budget plan that taps reserves and relies on non-recurring funds for recurring programs, as well as funds from a tribal...

Kaine Defends Dulles Rail.
February 4, 2008... WASHINGTON -- Virginia Gov. Tim Kaine submitted a detailed report to Transportation Secretary Mary Peters rebutting the Federal Transit Administration's concerns over the state's plan to build the first phase of an estimated $5.1 billion,...

Monday.
February 4, 2008... Listings New-Issue Calendar 10-12,14,24,26 Requests for Proposals 13 Notices of Sale 15-18 Job Opportunities 25 Bond Redemptions 27 Market Statistics 37-39 (c) 2008 The Bond Buyer...

Deal in Focus: Connecticut Plans POBs: State Eyes $2 Billion for Teachers Fund.
February 4, 2008... Connecticut is gearing up for a $2 billion pension obligation bond issue this spring to help fund the state's severely underfunded Teachers' Retirement Fund. The deal would be the fourth-largest POB issue ever sold in the U.S. and the...

Loop in Lead for N.Y.C. Deal: $475 Million Sale First of 2008.
February 4, 2008... Loop Capital Markets LLC will lead manage the sale of $475 million of New York City fixed-rate tax-exempt general obligation bonds - its first sale of 2008 - with a three-day retail order period beginning Thursday. The deal will be the first...

New Consortium to Bail Out Bond Insurer.
February 4, 2008... Against the backdrop of downgrades among the financial guarantors, a group of eight banks has formed a group to bail out one of the bond insurers, and people familiar with the matter say a second and perhaps third group of banks is looking at...

Fitch Announces Plans to Cut Staff.
February 4, 2008... CHICAGO -- Fitch Ratings last week announced plans to eliminate 150 positions company wide during its current fiscal year to compensate for declining revenues largely from its structured finance business - a move that claimed senior...

Munis Slightly Firmer Following Payrolls Report.
February 4, 2008... The municipal market was unchanged to slightly firmer Friday, after the non-farm payrolls report showed that 17,000 jobs were cut in January, but its effect was tempered by an upwardly revised December non-farm payrolls figure. "There is...

Corrections.(Correction notice)
February 4, 2008... Thursday's lead story on Fitch Ratings downgrade of Financial Guaranty Insurance Co. included an incorrect quote from Fitch's Tom Abruzzo. He said the date the agency set for FGIC to address its capital shortfall "wasn't hard-coded per se."...

In Brief: Payrolls Decline 17,000; Jobless Rate Drops to 4.9%.
February 4, 2008... WASHINGTON -- The U.S. January employment report is weak on its face, representing a recession-type report, and remains weak even after accounting for a possible effect on state workers from the mid-month bank holiday. U.S. January...

In Brief: Construction Spending Slips 1.1% to $1.140 Trillion.
February 4, 2008... Spending on construction projects fell 1.1% to a seasonally adjusted annual rate of $1.140 trillion in December as private construction decreased 1.0%, and public construction slid 1.5%, according to Commerce Department figures released Friday....

In Brief: Consumer Sentiment Index at 78.4 in January.
February 4, 2008... The University of Michigans final January consumer sentiment index reading was 78.4, compared to the preliminary January 80.5, the final December reading of 75.5, and the 74.5 reading earlier in December, according to market sources. ...

In Brief: ISM Index at 50.7 in Jan. Up From 47.7 in Dec.
February 4, 2008... The overall economy grew for the 75th straight month, while the manufacturing sector returned to expansion after a month of contraction, that followed eleven months of growth, the Institute for Supply Management reported Friday. According...

In Brief: ECRI Inflation Gauge Rises to 117.9 in January.
February 4, 2008... U.S. inflationary pressures increased in January as the U.S. future inflation gauge rose to 117.9 from a revised 117.4 in December, originally reported as 117.1, according to data released Friday by the Economic Cycle Research Institute. ...

In Brief: Fed to Auction TAFs Feb. 11 and Feb. 25.
February 4, 2008... The Federal Reserve announced Friday it will auction $30 billion of 28-day term auction facility credits on Feb. 11 and again on Feb. 25. The minimum bid rate, along with further details, will be announced at noon, Eastern Standard Time,...

Panel Advises $1.3B Cap for Dallas School Sale.
February 4, 2008... DALLAS -- The Dallas Independent School District should limit its bond proposal to $1.3 billion on the May 10 ballot if it hopes to win voter approval, an advisory committee says. The district has $2.65 billion of needs over the next eight...

Virginia Lawmaker Proposes $407M for Higher Ed Construction.
February 4, 2008... WASHINGTON -- A bill pending in the Virginia House of Delegates that would authorize $407 million of revenue bonds for the construction and renovation of state college facilities falls far short of legislation containing Gov. Tim Kaine's $1.6...

Oklahoma Governor to Offer '09 Budget Without Prison Bonds.
February 4, 2008... DALLAS -- Oklahoma Gov. Brad Henry will present an executive budget for fiscal 2009 at today's opening of the 51st Legislature that does not include a bond package for expansion of the state's crowded prison system. Henry said the budget...

The Week Ahead: California's $3.2 Billion Deal Dominates $6.18 Billion Slate.(Calendar)
February 4, 2008... A $3.2 billion sale of economic recovery bonds by California will test the choppy waters of the municipal market this week, headlining an estimated $6.18 billion slate of new-issue volume in the primary market. Last week, the market ended...

Mutual Funds: Weekly Inflows Dip a Bit to $468 Million.
February 4, 2008... Weekly reporting municipal bond mutual funds had a net inflow of $468 million during the period ending Jan. 30, AMG Data Services reported. The results were down slightly from a $513 million inflow the previous week, but represent the...

Northeast Invisible Supply.
February 4, 2008... Approval Underwriter Expected Issuer and purpose Amount* status choice sale date CONNECTICUT State GOs $700 P 2008 DISTRICT OF COLUMBIA GOs $827 A June NEW YORK LGAC $400 P Feb. ...

Visible Supply By State.
February 4, 2008... Feb. 1, 2008 Jan. 25, 2008 State Issues Amount Issues Amount Chg in Amt Connecticut 1 $8,625,000 4 $99,680,000 -$91,055,000 Delaware 0 0 0 0 0 Maine 1 11,505,000 3 142,105,000 -130,600,000 Maryland 1...

Plain/Insured GO Yield Curves For Jan. 31, 2008*.
February 4, 2008... State Ratings One-Year Five-Year 10-Year 30-Year Delaware Aaa/AAA/AAA 1.90 / 1.91 2.71 / 2.80 3.36 / 3.47 4.36 / 4.47 Maryland Aaa/AAA/AAA 1.90 / 1.91 2.71 / 2.79 3.36 / 3.48 4.36 / 4.51 Connecticut Aa3/AA/AA 1.90...

MARYLAND: Howard Co. to Sell $112M.
February 4, 2008... Howard County will issue $111.6 million of general obligation bonds in a competitive transaction scheduled to price Feb. 12. Fitch Ratings, Moodys Investors Service, and Standard & Poors each gave the deal a triple-A and affirmed their...

MASSACHUSETTS: Saving Salem's Schools.
February 4, 2008... Gov. Deval Patrick last week signed into law a bill that will allow Salem to sell up to $1 million of debt to help fill a school budget gap or allow the city to spread the deficit over seven years. Current Massachusetts laws prohibit local...

NEW JERSEY: Chamber Backs Toll Hikes.
February 4, 2008... Gov. Jon Corzine last week received additional support for his debt restructuring plan, with the New Jersey Chamber of Commerce announcing its endorsement of toll hikes to back a potential $37.6 billion borrowing along with financing reforms....

NEW YORK: State Sets Health Grants.
February 4, 2008... The New York Department of Health last week announced that it would provide $250 million in grants to medical centers and nursing homes to reorient services toward primary care. The grants will be paid out of the states general fund, which...

PENNSYLVANIA: Aid for Chester's Soccer Plan.
February 4, 2008... Gov. Edward Rendell last week announced the state would grant $25 million to Chester to help build a soccer stadium if the city secures a soccer franchise by the end of the year. The grant would be in addition to $30 million of bond...

Competitive Bond Offerings.
February 4, 2008... Letter F next to the issuer's name signifies the Official Notice of Sale is available on the internet! Go to www.bondbuyer.com A letter "P" signifies that a link to the POS is on the Bond Buyer Online's Competitive Bond Offering Calendar....

Competitive Note Offerings.
February 4, 2008... Tentative dates for negotiated sales of $1 million or more. Letter F next to the issuer's name signifies the Official Notice of Sale is available on the internet! Go to www.bondbuyer.com A letter "P" signifies that a link to the POS is...