The Bond Buyer articles from January 2006

The Bond Buyer archives from January 2006

Tuesday.
January 3, 2006... REGIONS A DUEL IS BREWING IN LOUISIANA between Democrats and Republicans who are trying to petition for a special session in January to continue dealing with issues - such as the state budget and new Congressional bonding authority -...

Unfinished Business for IRS, Treasury: Close of 2005 Left Regs, Reform Delayed.
January 3, 2006... WASHINGTON -- With Circular 230 and long-overdue allocation and accounting regulations on the Treasury Department's back burner - and tax reform even more distant - the municipal bond community ended 2005 without many of the significant...

With 'Price' Gone, MSA Suits May Now Be Biggest Threat.
January 3, 2006... DALLAS -- Analysts say that while a major legal victory for the tobacco industry earlier this month is favorable for tobacco bonds, they believe that challenges to the 1998 Master Settlement Agreement actually pose the most critical threat to...

Issuers Set Record for Volume: Over $408 Billion Of Debt Sold in '05.
January 3, 2006... The roughly $408.18 billion of debt sold in the municipal bond market in 2005 set a new record and eclipsed the volume sold in 2004 by more than $48 billion, according to year-end data from Thomson Financial. Several analysts cited...

Munis Finish 2005's Last Session Little Changed.
January 3, 2006... The municipal bond market finished the last trading session of the year little changed, but went out with a firm tone despite weaker long-term Treasuries as participants expect seasonal imbalance between supply and demand to lift prices in...

Correction.(Correction Notice)
January 3, 2006... The "State and Local Government Series Rates" table published on page 30 Friday listed incorrect figures for Monday, Dec. 26, for the 10-year maturities and higher. The Bureau of the Public Debt did not calculate any rates for that day, so the...

In Brief: Survey: Investors See Good Year Ahead.
January 3, 2006... Investors have a generally positive outlook for economic trends in 2006, according to a survey of 130 institutional investment professionals conducted by Broadgate Consultants. The survey conducted this week by the New York-based capital...

In Brief: American Housing Foundation Cut by S&P.
January 3, 2006... Standard & Poor's last week lowered its ratings on a series of 2003 bond issues by the Texas-based American Housing Foundation. The agency downgraded $88.7 million of Series 2003A bonds to AA-minus from AA, $56.0 million of Series 2003A-T...

DRPA Standoff: A Bridge Too Far for Pennsylvania Delegation.
January 3, 2006... The board members who represent Pennsylvania on the Delaware River Port Authority did not attend a special meeting last Friday called to act on a budget for the bi-state agency's 2006 fiscal year, which began Sunday. "The [New Jersey]...

Louisiana Lawmakers Set to Clash Over Timing of Special Session.
January 3, 2006... BRADENTON, Fla. -- A duel is brewing in Louisiana between Democrats and Republicans over the timing for a second special session to continue dealing with issues - such as the state budget and new congressional bonding authority - arising from...

Salem, Mass., to Float $12 Million in GO Bans on Thursday.
January 3, 2006... Salem, Mass., will competitively sell about $12 million of general obligation bond anticipation notes on Thursday, with the bulk of proceeds going toward local schools. The fixed-rate notes will be offered on Jan. 5 through i-Deal's Parity...

People: Bergmann, 30-Year SEC Vet, Leaving for Willkie Farr.
January 3, 2006... Larry E. Bergmann, senior associate director in the Securities and Exchange Commission's division of market regulation, is retiring this month after 30 years with the agency to join Willkie Farr & Gallagher's local office, the SEC announced...

The Week Ahead: N.J. Trans Top Light Slate for New Year's 1st Week.(Calendar)
January 3, 2006... With just over $408 billion in new issuance under its belt during 2005, the municipal market will begin the new year on a relatively quiet note, with the only oversized deal scheduled for the first week of 2006 being a $650 million sale of New...

Mutual Funds: Weekly Reporters Have First Inflow in Weeks.
January 3, 2006... After seven consecutive weeks of net outflows, municipal bond mutual funds that report weekly had a $16.22 million inflow during the week ended Dec. 28, AMG Data Services reported. The funds had net outflows of $137.83 million during the...

Competitive Bond Offerings.
January 3, 2006... Letter F next to the issuer's name signifies the Official Notice of Sale is available on the internet! Go to www.bondbuyer.com ISSUER ST DESCRIPTION AMOUNT ($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING...

Competitive Note Offerings.
January 3, 2006... ISSUER ST DESCRIPTION AMOUNT($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING INSURER MDY'S S&P FITCH BANK-QUAL. LATEST DETAILS Tuesday, January 3 Marion (Town)...

Negotiated Bond Offerings.
January 3, 2006... 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 Week Of January 2 Casa Grande...

Results of Negotiated Sales.
January 3, 2006... ALABAMA South Alabama Gas District Dec 13, 2005 $9,610,000 Gas Revenue Refunding Bonds, Series 2005 (bank qualified) Dated Dec 1, 2005. Due Aug 1, 2006 to 2025. First coupon Aug 1, 2006. Callable Aug 1, 2012 at...

County Readies New Mexico's First Charter School Sale.
January 3, 2006... DALLAS -- A revenue bond transaction that is expected to be the model for charter school deals in New Mexico will price Thursday when Santa Fe County goes to market with $6.8 million on behalf of the Academy for Technology and the Classics. The...

ARIZONA: Businesses Back Bonds.
January 3, 2006... Phoenix's business community has donated more than $700,000 so far to help convince residents that the city's $878.5 million in proposed bond-funded projects are a good investment. Voters will decide March 14 whether to approve the capital...

ARIZONA: District Extension Sought.
January 3, 2006... Tucson would like to extend the life of a special district that diverts tax money to downtown redevelopment for up to 30 years beyond its current 2012 expiration date. Officials want the long extension because 30 to 50 years is the typical...

COLORADO: Gates Without Bonds.
January 3, 2006... Denver International Airport plants to build two temporary gates to accommodate growth, but will not issue bonds to finance the $10 million project, officials said. The airport will more likely tap discretionary cash funds to pay for the new...

OKLAHOMA: Fent's Latest Challenge.
January 3, 2006... Oklahoma City lawyer Jerry Fent, who unsuccessfully protested a $50 million state bond issue to fund endowed chairs at state universities and colleges, has filed a motion asking the state Supreme Court to reconsider its decision approving the...

TEXAS: Round Rock Redux.
January 3, 2006... Officials from Round Rock Independent School District near Austin are considering how to pose a bond question, saying they desperately need the money to finance new schools despite an overwhelming rejection of a $349 million referendum last...

TEXAS: Countering Carroll.
January 3, 2006... A group of parents has come out in opposition to a planned $44 million general obligation bond election scheduled for Feb. 4 by the Carroll Independent School District near Fort Worth. The parents, who have organized themselves into a group...

New-Issue Volume Notes.
January 3, 2006... The new-issue volume tables are based on information compiled by The Bond Buyer from Thomson Financial's database on Friday, Dec. 30, 2005. All figures are preliminary and subject to revision. Long-term bonds have final stated maturities of...

Long-Term Bonds: January-December.
January 3, 2006... 2005 2004 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $408,185,900 13,770 $360,058,300 13,603 +13.4 % January 22,500,400 813 20,724,200 850 +8.6 February 30,757,700 1,005 26,831,400 1,071...

Bond Sales by State: January-December.
January 3, 2006... 2005 2004 Volume Volume Percentage State Rank ($000s) Rank ($000s) Change Alabama 31 $3,230,100 33 $2,689,900 +20.1 % Alaska 43 1,474,200 45 1,173,100 +25.7 Arizona 12 9,577,300 15 7,484,000 +28.0 Arkansas 41...

Long-Term Bond Sales: December.
January 3, 2006... 2005 2004 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $32,269,500 1,114 $33,261,300 1,266 -3.0 % Development 1,104,100 48 617,300 55 +78.9 Education 9,337,700 349 9,961,700 370 -6.3 ...

Largest Issues: December 2005.
January 3, 2006... Amount Issuer Date $1,200.0 Chicago, Ill., airports (ref) Dec 15 1,032.5 California (State), GOs (ref) (cpt) Dec 7 850.0 New York City, GOs Dec 16 730.8 Puerto Rico Municipal Finance Agency, general purpose (ref) Dec 932.1...

Municipal Market Data General Obligation Yields.
January 3, 2006... Aaa Aaa (pure) (ins) Aa A Baa 2006 3.20 3.24 3.24 3.32 3.52 2010 3.38 3.50 3.47 3.66 3.90 2015 3.76 3.89 3.87 4.09 4.31 2020 3.99 4.12 4.10 4.32 4.54 2025 4.18 4.29 4.29 4.48 4.69 2030 4.32 4.43 4.43 4.62 4.83...

U.S. Securities Prices.
January 3, 2006... Prices as of 3 p.m. ET. Source: GovPx Inc. Treasury Bills Yesterday's Prev. Day's Yesterday's (in percent of discount) Bid/Offer Bid/Offer Bid Yield 1M -- 1/26/2006 3.940/930 3.600/570 4.005 3M -- 3/30/2006 3.995/985...

Market Indicators.
January 3, 2006... Dollar amounts are in millions Day's 2005 2005 Daily Yesterday Change High Date Low Date Municipal Bond Index 114-10 +4/32 116-24 (6/27) 111-25 (11/4) 40 Average Dollar Price 102.64 +0.11 105.74 (6/7) 100.30 (11/4) ...

Short-Term Tax-Exempt Yields.
January 3, 2006... Dec 30, 2005 Dec 29, 2005 Dec 31, 2004 Selected MIG-1/SP-1+ Notes California Rans 4 1/2s (June 06) 3.15 3.18 1.95 Los Angeles Co Trans 4s (June 06) 3.15 3.15 1.95 New Jersey Trans 4s (June 06) 3.18 3.20 1.94 Texas Trans...

Placement Ratio.
January 3, 2006... No. Total Amt. Sales from Placement New New Accts. New Accts. Ratio Accts. ($000s) ($000s) (%) 2005 12/30 0 0 0 n.m. 12/23 4 141,435 115,385 81.6 12/16 14 442,276 427,176 96.6 12/09 23 1,499,723 1,433,752 95.6...

Visible Supply.
January 3, 2006... Competitive Negotiated Total ($000s) ($000s) ($000s) Weekly Averages 12/30/05 525,386 1,422,305 1,947,690 12/23 468,513 1,649,544 2,118,057 12/16 863,545 5,979,954 6,843,499 12/9 2,765,360 7,701,821 10,467,181 ...

General Obligation Bond Prices.
January 3, 2006... For Friday, Dec. 30, 2005 Intermediate Long-Term Bond and Ratings (Moody's/S&P's/Fitch) Dated Cpn & Maturity Yield Price Prev Chg Cpn &Maturity Yield Price Prev Chg STATES California Series 2004 (A2/A/A-) 12/1/04 5% 6/1/10...

Municipal Market Yields.
January 3, 2006... Values at 12/30/2005 -- Basis Point Change from 12/23/2005 Aaa Aa A Baa 2006 3.20 00 3.35 00 3.58 00 3.87 00 2010 3.43 00 3.58 00 3.82 00 4.10 00 2015 3.87 00 4.02 00 4.26 00 4.55 00 2020 4.09 +01 4.24 +01 4.49 +01 4.79...

New-Issue Balances.
January 3, 2006... (,000 Omitted) * Since initial reoffering + Revised upward since last report Amount Date RECENT OFFERINGS Sold Balance $15,000 12/1 Warren, Mich $300 $1,700 10,000 12/13 Hempfield Sch. Dist., Pa.. 20 1,305 97,070...

Reoffering Yields.
January 3, 2006... 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 11/22 4.1 Wilton, Conn. 3.15 3.40 3.75 4.00......... 11/17 8.2 Virginia...

Municipal Bond Prices.
January 3, 2006... 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 Change...

Municipal Bond Index.
January 3, 2006... Current Day Previous Day Week Ago Month Ago Year Ago The Bond Buyer Municipal Bond Index 114-10 114-06 113-26 112-20 112-19 Friday, December 30, 2005 Maturity Par Call Dollar Conversion Converted Date Date Price Factor Price ...

Municipal Bond Index Update.
January 3, 2006... The list of bonds used to calculate the Municipal Bond Index was revised after the Dec. 30 pricing. The new coefficient is 1.0262. It was derived by dividing the Dec. 30 index (114.315444) by the average converted price of the new set of...

Schwarzenegger Sees Surplus for California in 2006.
January 3, 2006... SAN FRANCISCO -- Believe it or not, California will have a surplus this year, according to the budget proposal Gov. Arnold Schwarzenegger will release on Jan. 10, administration officials said last week. "California has had a real delicate...

Bringing Airships to Akron Is Goal of Taxable Ohio Deal.
January 4, 2006... CHICAGO -- The Ohio Enterprise Bond Fund and the Summit County Port Authority will help Akron enter a "new era" of aviation when they issue a combined $7.2 million of taxable revenue bonds this month as part of a funding package that will allow...

Wednesday.
January 4, 2006... REGIONS TEXAS COMPTROLLER CAROLE KEETON STRAYHORN, who last June threw her Stetson into the ring for the state's gubernatorial race, announced Monday afternoon that she would run as an independent candidate, a shift away from her original...

Lobbying for Infrastructure Funding: Work Remains Despite Passage of 6-Year Plan.
January 4, 2006... WASHINGTON -- Highway lobbyists breathed a sigh of relief last summer when President Bush signed into law a massive $286.4 billion, six-year transportation bill, which for the first time includes a provision to allow private companies to use...

Citigroup Takes Top Spot in '05: UBS 2d Among Senior Managers.
January 4, 2006... Citigroup Global Markets Inc. bumped UBS Financial Services Inc. from its perch atop the municipal bond underwriting rankings, claiming the lead spot among senior managers for 2005 with 894 issues worth a combined $62.6 billion of debt. ...

Munis Begin '06 Mixed; FOMC Minutes Released.
January 4, 2006... The municipal bond market began 2006 mixed as shorter-dated Treasuries moved higher yesterday after the minutes of the Dec. 13 Federal Open Market Committee meeting indicated that the Fed's tightening cycle was nearing its end. Unlike the...

In Brief: FOMC Dec. Meeting: Firming Will Taper.
January 4, 2006... WASHINGTON -- Federal Open Market Committee members agreed at their Dec. 13 meeting that an additional hike of the federal funds rate was necessary to keep inflation expectations in check, while noting that policy should no longer be...

In Brief: Construction Spending Hits Record $1.146 Trillion.
January 4, 2006... WASHINGTON -- Spending on construction projects rose 0.2% in November as both private and public construction rose to all-time records, according to Commerce Department figures released yesterday. Total construction spending rose to a...

In Brief: ISM Dec. Index Drops To 54.2 From 58.1 in Nov.
January 4, 2006... The overall economy expanded for the 50th straight month in December, while the manufacturing sector expanded for the 31st time in as many months, the Institute for Supply Management reported yesterday. According to the ISM's monthly report...

In Brief: Weekly T-Bills Go At 4.070%, 4.265% Highs.
January 4, 2006... Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher yesterday, as the three-months incurred a 4.070% high rate, up from 3.905% last week, and as the six-months incurred a 4.265% high rate, up from...

In Brief: Treasury 4-Week Bills To Pay Down $8B.
January 4, 2006... The Treasury Department yesterday said it will sell $8 billion of four-week discount bills today. The 28-day bills will pay down $8 billion and refund $16 billion of maturing bills. The bills have an issue date of Jan. 5 and are due Feb....

Lone Star Candidate: Texas' Strayhorn Goes Independent.
January 4, 2006... DALLAS -- Texas Comptroller Carole Keeton Strayhorn, who last June threw her Stetson into the ring for the state's gubernatorial race, announced Monday afternoon that she would run as an independent candidate, a shift away from her original...

Outlook 2006 Analysts See Airports as Steady Bets, Despite Airline Woes.
January 4, 2006... Bonds issued by the nation's airports will continue to be stable investments, although the financially troubled airline industry will remain a credit concern, rating analysts said in recent interviews. In 2005 airports issued about $11...

Competitive Bond Offerings.
January 4, 2006... Letter F next to the issuer's name signifies the Official Notice of Sale is available on the internet! Go to www.bondbuyer.com ISSUER ST DESCRIPTION AMOUNT ($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING...

Competitive Note Offerings.
January 4, 2006... ISSUER ST DESCRIPTION AMOUNT($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING INSURER MDY'S S&P FITCH BANK-QUAL. LATEST DETAILS Wednesday, January 4 Chelmsford...

Negotiated Bond Offerings.
January 4, 2006... 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 Week Of January 2 Casa...

Results of Negotiated Sales.
January 4, 2006... CONNECTICUT Cromwell Fire District Dec 20, 2005 $4,540,000 General Obligation Bonds, Issue of 2005 (bank qualified) (book entry) Dated Dec 15, 2005. Due Dec 15, 2007 to 2021. First coupon Dec 15, 2006. ...

Results of Competitive Sales.
January 4, 2006... MASSACHUSETTS Canton (Town) Jan 3, 2006 $10,011,000 General Obligation Bonds (book entry). Dated Jan 15, 2006. Due Jan 15, 2007 to 2025. Callable Jan 15, 2014 at par. Winning bid: National Fin Markets, at...

Election Results.
January 4, 2006... Tuesday, January 10, 2006 $18,000 Nanuet UFSD, NY Tuesday, January 24, 2006 *$31,000 College Comm SD, IA *$7,500 College Comm SD, IA *$27,500 Linn-Mar Comm SD, IA *$3,000 Watchung Hills Reg...

ILLINOIS: Cook's Jail Hearing.
January 4, 2006... Cook County officials will return to court on Feb. 21 for a contempt of court hearing set by a federal judge last week after a proposed 2006 budget failed to include funds to hire new guards for the county jail. The hearing results from a...

INDIANA: S&P Negative on Hancock.
January 4, 2006... Standard & Poor's last week revised its outlook to negative from stable for $14.95 million of bonds sold in 1996 for Hancock Memorial Hospital. The agency affirmed its BBB-plus rating for the bonds issued through the Indiana Health...

NEBRASKA: Children's Health Raised.
January 4, 2006... Standard & Poor's last week raised its underlying rating A-minus from BBB-plus on $52.5 million of Series 1997 bonds issued through the Nebraska Investment Finance Authority on behalf of Children's Healthcare Services. Rating analysts...

WISCONSIN: Spaceport Sheboygan?
January 4, 2006... A state Senate committee last month approved legislation to create the Wisconsin Aerospace Authority, which would be authorized to issue up to $100 million of bonds to help fund a launch facility for small commercial spacecraft, similar to that...

WISCONSIN: Stripped Ballpark Debt.
January 4, 2006... The Southeast Wisconsin Professional Baseball District last week purchased $38.5 million of specialized U.S. Treasuries that will allow the issuer to defease some of the debt it used to fund the construction of Miller Park for the Milwaukee...

High-Yield Funds: PricewaterhouseCoopers Settles With Heartland Muni Investors.
January 4, 2006... PricewaterhouseCoopers LLP on Friday agreed to an $8.25 million settlement with shareholders of two former Heartland Group Inc. high-yield municipal bond mutual funds for its role as auditor in the collapse of the funds in 2000. The...

Fund Flows: November Gave Mutual Funds Their Largest Loss in Nearly a Year.
January 4, 2006... Municipal bond mutual funds suffered their worst outflow in nearly a year during November, as they lost a net $722 million, the Investment Company Institute reported last week. The outflow marked the funds' first since April, when they...

Top Senior Managers: All Issues.
January 4, 2006... Full Year 2005 - Full Credit to Bookrunner (Equal to Each) Rank Firm Amount Issues 1 Citigroup Global Markets Inc. $62,603.0 894 2 UBS Financial Services Inc. 45,820.1 820 3 ...

Top Financial Advisers: All Issues.
January 4, 2006... Full Year 2005 - Equal Credit to Each Adviser Rank Firm Amount Issues 1 Public Financial Management Inc. $38,148.2 879 2 Public Resources Advisory Group 21,950.8 107 3 First...

Top Senior Managers: Negotiated Issues.
January 4, 2006... Full Year 2005 - Full Credit to Bookrunner (Equal to Each) Rank Firm Amount Issues 1 Citigroup Global Markets Inc. $50,527.6 486 2 UBS Financial Services Inc. 40,914.5 578 3 Bear, Stearns & Co. 21,944.1 162 4 Lehman...

Top Financial Advisers: Negotiated Issues.
January 4, 2006... Full Year 2005 - Equal Credit to Each Adviser Rank Firm Amount Issues 1 Public Financial Management Inc. $27,855.1 488 2 First Southwest Co. 15,106.7 385 3 Public Resources Advisory Group 12,403.1 61 4 Kaufman Hall &...

Top Senior Managers: Competitive Issues.
January 4, 2006... Full Year 2005 - Full Credit to Bookrunner (Equal to Each) Rank Firm Amount Issues 1 Merrill Lynch & Co. $15,240.9 177 2 Citigroup Global Markets Inc. 12,075.3 408 3 Morgan Stanley 5,985.3 97 4 Lehman Brothers 5,220.3...

Top Financial Advisers: Competitive Issues.
January 4, 2006... Full Year 2005 - Equal Credit to Each Adviser Rank Firm Amount Issues 1 Public Financial Management Inc. $10,293.1 391 2 Public Resources Advisory Group 9,547.8 46 3 First Southwest Co. 2,767.8 228 4 Springsted Inc....

Top Senior Managers: Small Issues.
January 4, 2006... Full Year 2005 - Full Credit to Bookrunner (Equal to Each) Rank Firm Amount Issues 1 RBC Capital Markets Inc. $1,760.5 355 2 Citigroup Global Markets Inc. 1,377.3 238 3 Piper Jaffray & Co. 1,249.5 299 4 Morgan Keegan &...

Top Financial Advisers: Small Issues.
January 4, 2006... Full Year 2005 - Equal Credit to Each Adviser Rank Firm Amount Issues 1 Public Financial Management Inc. $1,612.4 324 2 First Southwest Co. 1,370.5 282 3 Ehlers & Associates 949.6 319 4 Stauder Barch & Associates 840.4...

Top Co-Managers: All Issues.
January 4, 2006... Full Year 2005 - Equal Credit to Each Co-Manager Rank Firm Amount Issues 1 UBS Financial Services Inc. $13,214.8 768 2 Citigroup Global Markets Inc. 13,190.7 850 3 RBC Capital Markets Inc. 11,912.7 507 4 Merrill Lynch &...

Top Issuers: All Issues.
January 4, 2006... Full Year 2005 Rank Issuer Amount Issues 1 New York City $6,205.2 18 2 California (State) 6,033.1 8 3 New York State Dormitory Authority 5,943.3 53 4 New York State Thruway Authority 4,677.5 12 5 New Jersey...

Municipal Market Data General Obligation Yields.
January 4, 2006... Aaa Aaa (pure) (ins) Aa A Baa 2007 3.20 3.24 3.24 3.32 3.52 2011 3.38 3.50 3.47 3.66 3.90 2016 3.77 3.90 3.88 4.10 4.32 2021 4.01 4.14 4.12 4.34 4.56 2026 4.19 4.30 4.30 4.49 4.70 2031 4.34 4.45 4.45 4.64 4.85...

U.S. Securities Prices.
January 4, 2006... Prices as of 3 p.m. ET. Source: GovPx Inc. Treasury Bills Yesterday's Prev. Day's Yesterday's (in percent of discount) Bid/Offer Bid/Offer Bid Yield 1M -- 1/26/2006 3.990/n.a. 3.940/930 4.055 3M -- 3/30/2006 4.025/015...

Short-Term Tax-Exempt Yields.
January 4, 2006... Jan 3, 2006 Dec 30, 2005 Jan 4, 2005 Selected MIG-1/SP-1+ Notes California Rans 4 1/2s (June 06) 3.10 3.15 1.93 Los Angeles Co Trans 4s (June 06) 3.11 3.15 1.92 New Jersey Trans 4s (June 06) 3.15 3.18 1.96 Texas Trans 4...

Market Indicators.
January 4, 2006... Dollar amounts are in millions Day's 2005 2005 Daily Yesterday Change High Date Low Date Municipal Bond Index 114-09 -1/32 116-24 (6/27) 111-25 (11/4) 40 Average Dollar Price 102.79 +0.15 105.74 (6/7) 100.30 (11/4) ...

Recent Tables.
January 4, 2006... Weekly Bond Buyer Indexes Friday Bond Elections Wednesday Credit Calendar Friday General Obligation Bond Prices Monday Legislative Status Report Monday Merrill Lynch Corporate Bond Indexes Wednesday ...