The Bond Buyer articles from January 2008

The Bond Buyer archives from January 2008

Wednesday.
January 2, 2008... Regions CALIFORNIA GOV. Arnold Schwarzenegger and Assembly Speaker Fabian Nunez have submitted a ballot proposal for the tax increases they need to finance their universal health care plan. 3 LAKE COUNTY, IND., WILL remain...

Volume at A Record $427.6B: Volatility, Insurer Worries Slow Dec.
January 2, 2008... State and local governments sold a record $427.6 billion of bonds during 2007, though issuance slowed during the last two months. About $28 billion of bonds were sold during December, making it the lightest closing month since 2002, according...

Deal in Focus: Detroit Prepares $575M, Hinging on Audit Release.
January 2, 2008... CHICAGO -- Detroit is preparing to enter the market with up to $575 million of refunding and new-money bonds in January as it works to resolve its fiscal troubles, but the deal hinges on the release of its long-overdue 2005-2006 certified...

A Spotlight on Muni Disclosure: SEC Rule, MSRB Projects Focus in '08.
January 2, 2008... WASHINGTON -- The Securities and Exchange Commission's efforts to revise Rule 15c2-12 on disclosure to pave the way for a muni-Edgar system will be under the spotlight in 2008, while the Municipal Securities Rulemaking Board is working on a...

Munis Stable in Light Trading as Year Closes.
January 2, 2008... The municipal market was unchanged to slightly firmer Monday in light trading, as market participants positioned themselves for the start of the new year. "I'm just doing some end of the year balancing," a trader in Los Angeles said....

California Leaders Offer Ballot on Tax Hikes to Fund Health Plan.
January 2, 2008... SAN FRANCISCO -- California Gov. Arnold Schwarzenegger and Assembly Speaker Fabian Nunez have submitted a ballot proposal for the tax increases they need to finance their universal health care plan. The Republican governor and Nunez, a...

Arbitrage: Market Looks Back on Rough Year for Muni Arbitrage Funds.
January 2, 2008... Municipal arbitrage funds did not fare well in 2007. Funds using the investment strategy that analysts believe accounted for much of the trading activity in the municipal market were down an average of 20% to 40% for the year. Market...

In Brief: Existing Home Sales Rise 0.4% to 5M Rate.
January 2, 2008... Existing home sales increased 0.4% in November to a seasonally adjusted 5.0 million-unit rate, the National Association of Realtors announced Monday. The sales increase to 5.0 million compared to the 4.97 million unit pace predicted by IFR...

In Brief: Weekly T-Bills Go At 3.310%, 3.390% High Rates.
January 2, 2008... Tender rates for the Treasury Departments latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 3.310% high rate, up from 3.280% the prior week, and the six-months incurred a 3.390% high rate, down from 3.490% the...

In Brief: Treasury 4-Week Bills To Pay Down $12B.
January 2, 2008... The Treasury Department said Monday it will sell $17 billion of four-week discount bills today. The four-week, or 28-day, bills will pay down $12 billion and refund $29 billion of maturing bills. The bills have an issue date of Jan. 3...

Midwest Invisible Supply.
January 2, 2008... Approval Underwriter Expected Issuer and purpose Amount* status choice sale date ILLINOIS Chicago new-money & refunding GOs $900 A Loop Capital 4Q Chicago new-money & refunding water revs $900 A UBS 4Q ...

Visible Supply by State.
January 2, 2008... Dec. 31, 2007 Dec. 24, 2007 State Issues Amount Issues Amount Chg in Amt Illinois 6 $1,057,355,000 6 $1,059,940,000 -$2,585,000 Indiana 3 89,045,000 4 92,645,000 -3,600,000 Iowa 2 4,555,000 2 4,555,000 0...

Plain/Insured GO Yield Curves for Dec. 28, 2007*.
January 2, 2008... State Ratings One-Year Five-Year 10-Year 30-Year Missouri Aaa/AAA/AAA 2.97 / 2.90 3.24 / 3.32 3.68 / 3.79 7.35 / 4.50 Minnesota Aa1/AAA/AAA 2.91 / 2.94 3.23 / 3.35 3.68 / 3.80 4.38 / 4.50 Ohio Aa1/AA+/AA+ 2.92 /...

ILLINOIS: Children's Hospital Gets Nod.
January 2, 2008... Childrens Memorial Hospital in Chicago last month won the Chicago Plan Commissions approval for its $1 billion 288-bed replacement hospital amid ongoing opposition from local residents who oppose its rooftop helipad. The residents have...

INDIANA: No Income Tax for Lake County.
January 2, 2008... Lake County will remain the only one of the states 92 counties without a local income tax after the County Council last Friday unexpectedly failed to override county commissioners recent veto of the unpopular 1% tax proposal. The county...

MINNESOTA: Fairview Outlook Now Stable.
January 2, 2008... Standard & Poors last month revised the outlook to stable from positive on Fairview Health Services A rating due to the systems plans to issue at least $250 million of new debt. The system may also refund some of its $600 million of debt in...

MISSOURI: Webster Univ. Grabs Upgrades.
January 2, 2008... Webster University won upgrades last month from two rating agencies, with Fitch Ratings raising it to A-minus from BBB-plus and Moodys Investors Service raising it to Baa1 from Baa2. Analysts cited strong operating performance and financial...

OHIO: OhioHealth Up to AA.
January 2, 2008... Fitch Ratings upgraded to AA from AA-minus roughly $587 million of outstanding revenue bonds issued by Franklin County on behalf of OhioHealth Corp., citing the health systems strong fiscal status and market position in the Columbus area ...

Competitive Bond Offerings.
January 2, 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.
January 2, 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.
January 2, 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 Week Of December 31 Hammond...

Negotiated Note Offerings.
January 2, 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 Week Of December 31 Avon LSD...

Results of Negotiated Sales.
January 2, 2008... ALABAMA Hanceville Water Works and Sewer Board Dec 20, 2007 $1,195,000 Water and Sewer Revenue Bonds, Series 2007 (book entry) Dated Dec 1, 2007. Due Jun 1, 2012 to 2032. First coupon Jun 1, 2008. Callable Jun...

New-Issue Volume Notes.
January 2, 2008... The new-issue volume tables are based on information compiled by The Bond Buyer from Thomson Financial's database on Monday, Dec. 31, 2007. All figures are preliminary and subject to revision. Long-term bonds have final stated maturities of...

Long-Term Bond Sales: Full Year.(Financial report)
January 2, 2008... 2007 2006 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $427,588,700 12,392 $388,633,300 12,752 +10.0 % January 31,217,100 852 18,784,200 721 +66.2 ...

Largest Issues: December 2007.
January 2, 2008... Amount Issuer Date $1,070.6 Alabama Public School & College Authority, college GOs (cpt) Dec 5 895.3 Puerto Rico Public Buildings Authority, govt. offices (NM/ref) (TAX/TE) Dec 7 702.4 Pennsylvania (Commonwealth),...

Long-Term Bond Sales: December.
January 2, 2008... 2007 2006 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $28,032,000 876 $47,559,700 1,331 -41.1 % Development 1,469,800 48 704,500 38 +108.6 ...

Bond Sales by State: Full Year.(Financial report)
January 2, 2008... 2007 2006 Volume Volume Percentage State Rank ($000s) Rank ($000s) Change Alabama 19 $6,764,500 29 $4,368,600 +54.8 % Alaska 41 1,564,500 37 2,279,900 -31.4 Arizona 14...

Market Indicators.
January 2, 2008... Dollar amounts are in millions Day's 2007 2007 DailyYesterday Change High Date Low Date Municipal Bond Index 112-00 +7/32 117-29 (2/27) 107-26 (8/24) 40 Average Dollar Price 101.65 +0.22 103.02...

Municipal Market Data General Obligation Yields.
January 2, 2008... Aaa Aaa (pure) (ins) Aa A Baa 2008 2.90 2.93 2.92 3.08 3.38 2012 3.21 3.35 3.30 3.58 3.97 2017 3.65 3.83 3.74 4.11 4.48 2022 3.97 4.16 4.06 4.45 4.81 2027 4.20 4.39 4.29 4.68 5.04 ...

Short-Term Tax-Exempt Yields.
January 2, 2008... Dec 31, 2007 Dec 28, 2007 Jan 2, 2007 Selected MIG-1/SP-1+ Notes California Rans 4s (June 08) 2.90 2.92 3.43 Los Angeles Co Trans 4.50s (June 08) 2.90 2.92 3.44 Puerto Rico Trans 4.25s (Jul 08) 2.92 2.96...

U.S. Securities Prices.
January 2, 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 -1/24/2007 2.615/490 2.500/490 2.663 3M -...

New-Issue Balances.
January 2, 2008... (,000 Omitted) *Since initial reoffering +Revised upward since last report Amount Date RECENT OFFERINGS Sold Balance $11,900 12/20 Hackensack, N.J. $410 $1,990 18,000 12/18 Middlesex Co., N.J. ... ...

Recent Tables.
January 2, 2008... 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 ...

Reoffering Yields.
January 2, 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) 12/18 10.4 Allamuchy, N.J. ... 3.15 3.65 4.15 4.42...

Municipal Bond Index Update.
January 2, 2008... The list of bonds used to calculate the Municipal Bond Index was revised after the December 31 pricing. The new coefficient is 1.0173. It was derived by dividing the December 31 index (112.009845) by the average converted price of the new...

Municipal Bond Index.
January 2, 2008... Current Day Previous Day Week Ago Month Ago Year Ago The Bond Buyer Municipal Bond Index 112-00 111-25 111-21 112-19 116-03 Monday, December 31, 2007 Maturity Par Call Dollar Conversion Converted Date Date Price...

Municipal Bond Prices.
January 2, 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...

TTC Chairman Ric Williamson Sought New Way to Fund Transit.
January 2, 2008... DALLAS -- Richard F. "Ric" Williamson, chairman of the powerful Texas Transportation Commission, one of Texas' largest bond issuers, died of a heart attack Sunday at a Weatherford hospital. He was 55. Williamson, who had survived two...

Thursday.
January 3, 2008... Regions THE FUTURE OF Indianapolis' planned $460 million pension obligation bond issue remains uncertain after its chief champion, Mayor Bart Peterson, left office Monday and successor Greg Ballard - who campaigned heavily against issuing...

Florida Eyes Proposals to Run Investment Pool.
January 3, 2008... BRADENTON, Fla. -- The Florida State Board of Administration is seeking proposals next week from investment firms interested in managing the state's Local Government Investment Pool. SBA trustees for the pool, which currently has $9.8...

Subprime Assistance: HFAs Look for Private-Activity Cap Increase.
January 3, 2008... WASHINGTON -- The Bush administration's proposal for Congress to increase the private-activity bond volume cap and allow state and local housing finance agencies to issue tax-exempt bonds for subprime mortgage refinancings has spawned...

Citi Busiest Firm In A Record Year: More to Go Around In '07 With $423B.
January 3, 2008... The market's largest underwriters pumped their performance levels with 2007's record volume, as nine of the 10 busiest firms increased the volume of their business from 2006 totals. Citi was again the top underwriter of state and local...

In Brief: FOMC December Minutes: Housing, Job Concerns.
January 3, 2008... The information reviewed at the Federal Open Market Committees December meeting indicated that, after the robust gains of the summer, economic activity decelerated significantly in the fourth quarter. Consumption growth slowed, and survey...

In Brief: Construction Spending Up 0.1% to $1.165 Trillion.
January 3, 2008... Spending on construction projects rose 0.1% to a seasonally adjusted annual rate of $1.165 trillion in November as private construction decreased 0.7%, and public construction rose 2.5%, according to Commerce Department figures released...

In Brief: ISM Dec. Index 47.7, Down From 50.8 in Nov.
January 3, 2008... The overall economy grew for the 74th straight month, while the manufacturing sector failed to expand following eleven months of growth, the Institute for Supply Management reported yesterday. According to the ISMs monthly report on...

In Brief: Treasury 4-Week Bills Go At 3.000% High Yield.
January 3, 2008... The Treasury Department yesterday auctioned $17 billion of four-week bills at a 3.000% high yield, a price of 99.766667. The coupon equivalent was 3.057%. The bid-to-cover ratio was 3.17. Tenders at the high rate were allotted 46.50%....

Munis Firmer Following Weaker Data.
January 3, 2008... The municipal market was firmer yesterday in light trading, as market participants returning to work after the holidays responded to weaker-than-expected economic data. Traders said tax-exempts were up three to four basis points. The...

Clarification.(Correction notice)
January 3, 2008... Yesterdays Investors & Investing story on arbitrage funds included a quote that should have been qualified. Palio Capital Management managing director Tina Hastings said: We are still in the market but not actively raising capital for a new...

With New Mayor, Indianapolis' POB Deal Remains Uncertain.
January 3, 2008... CHICAGO -- The future of Indianapolis' planned $460 million pension obligation bond issue remains uncertain after its chief champion, Mayor Bart Peterson, left office Monday and successor Greg Ballard - who campaigned heavily against issuing...

Municipal Bond Activities.
January 3, 2008... January 17 and 24 The California Debt and Investments Advisory Commission will hold two seminars on the "ABCs of School Debt Financing," one in Sacramento on Jan. 17 and one in Ontario on Jan. 24. They are tailored for new school business...

Pinal County, Ariz., Bonding for Wi-Fi.
January 3, 2008... DALLAS -- Construction of a wireless telecommunications network to provide Internet access across mostly rural Pinal County, Ariz., will be financed with the proceeds from $32.6 million of taxable revenue bonds set for a private placement sale...

Rhode Island Treasurer Tries to Lure Buffett.
January 3, 2008... General Treasurer Frank Caprio last Friday sent a letter to billionaire investor Warren Buffett asking him to make Rhode Island one of the states where his new bond insurance venture is qualified to do business. Caprio sent the letter to...

Orlando Decides Time Is Ripe To Launch Big Arena Offering.
January 3, 2008... BRADENTON, Fla. -- Orlando hopes the New Year will provide a better market for it to kick off bond sales for construction of a new, $480 million community events center and professional sports arena. The offerings will be the first major...

Southeast Invisible Supply.
January 3, 2008... Approval Underwriter Expected Issuer and purpose Amount* status choice sale date ALABAMA Birmingham Jefferson convention rev. bonds $600 P 2008 FLORIDA South Florida Everglades COPs $500 A fall ...

Visible Supply by State.
January 3, 2008... Jan. 2, 2008 Dec. 26, 2007 State Issues Amount Issues Amount Chg in Amt Alabama 0 $0 0 $0 $0 Florida 5 446,850,000 7 519,991,000 -73,141,000 Georgia 0 0 1 27,280,000 -27,280,000 Kentucky 4 28,215,000...

Plain/Insured GO Yield Curves for Dec. 31, 2008*.
January 3, 2008... State Ratings One-Year Five-Year 10-Year 30-Year Virginia Aaa/AAA/AAA 2.90 / 2.91 3.20 / 3.28 3.63 / 3.74 4.32 / 4.44 North Carolina Aaa/AAA/AAA 2.91 / 2.90 3.21 / 3.32 3.64 / 3.78 4.32 / 4.50 Georgia Aaa/AAA/AAA...

FLORIDA: Ballpark Talks on Hold.
January 3, 2008... Miami-Dade County Commission chairman Bruno Barreiro has deferred discussion about an agreement for the Florida Marlins new ballpark until the commissioners meeting on Jan. 10. The deferral of this item will permit the Florida Marlins,...

FLORIDA: Crist Pushes Amendment 1.
January 3, 2008... With a little over three weeks until the states presidential preference primary on Jan. 29, pro and con tax reform campaigns are expected to ramp up. Even before the New Year rang in, Gov. Charlie Crist met with the Florida Association of...

GEORGIA: Report on Grady Hospital.
January 3, 2008... Grady Memorial Hospital in Atlanta continues to try to dig its way out of its financial straits as a report detailing obstacles and ways to address them was released last week. The hospital has about $240 million of bonds outstanding that...

LOUISIANA: New Orleans Water Positive.
January 3, 2008... Moodys Investors Service has changed its outlook from negative to positive on the New Orleans Sewerage and Water Boards $206 million of sewer revenue debt and $44 million of water revenue debt. The improvement is based on favorable revenue...

Competitive Bond Offerings.
January 3, 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.
January 3, 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.
January 3, 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 Week Of December 31 Hammond...

Negotiated Note Offerings.
January 3, 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 Week Of December 31 Avon LSD...

Results of Negotiated Sales.
January 3, 2008... ALABAMA Huntsville Industrial Development Board Dec 17, 2007 $4,105,000 Weekly Variable/Fixed Rate Industrial Revenue Bonds (Brown Precision, Inc. Project), Series 2007 (Letter of Credit Issued by First Commercial Bank) (book...

Election Results.
January 3, 2008... Tuesday, January 15, 2008 $12,175 Morrice Area Schs, MI $1,675 Morrice Area Schs, MI $9,285 St. Louis Pub Schs, MI Wednesday, January 23, 2008 $19,800 Coventry, RI Tuesday, January 29, 2008 ...

Top Senior Managers: All Issues.
January 3, 2008... Full Year 2007 - Fulll Credit to Bookrunner (Equal to Each) Rank Firm Amount Issues 1 Citi $61,861.1 603 2 Merrill Lynch & Co. 47,927.1 423 3 UBS Securities LLC 36,253.0 613 4 Goldman, Sachs &...

Top Financial Advisers: All Issues.
January 3, 2008... Full Year 2007 - Equal Credit to Each Adviser Rank Firm Amount Issues 1 Public Financial Management Inc. $43,333.5 622 2 First Southwest Co. 29,247.4 629 3 Public Resources Advisory Group 27,253.4 97 ...

Top Senior Managers: Negotiated Issues.
January 3, 2008... Full Year 2007 - Fulll Credit to Bookrunner (Equal to Each) Rank Firm Amount Issues 1 Citi $50,329.2 371 2 UBS Securities LLC 32,478.6 456 3 Merrill Lynch & Co. 31,126.2 256 4 Goldman, Sachs &...

Top Senior Managers: Competitive Issues.
January 3, 2008... Full Year 2007 - Fulll Credit to Bookrunner (Equal to Each) Rank Firm Amount Issues 1 Merrill Lynch & Co. $16,800.9 167 2 Citi 11,532.0 232 3 Lehman Brothers 7,429.6 38 4 JPMorgan 4,803.1 137...

Top Senior Managers: Small Issues.
January 3, 2008... Full Year 2007 - Fulll Credit to Bookrunner (Equal to Each) Rank Firm Amount Issues 1 Morgan Keegan & Co. $1,720.5 318 2 RBC Capital Markets 1,455.0 253 3 Piper Jaffray & Co. 1,091.2 225 4...

Top Issuers: All Issues.
January 3, 2008... Full Year 2007 Rank Firm Amount Issues 1 California (State) $12,193.5 8 2 Buckeye Tobacco Settlement Financing Authority, Ohio 5,531.6 1 3 New York State Dormitory Authority 4,640.0 42 4 Golden...

Top Co-Managers: All Issues.
January 3, 2008... Full Year 2007 - Equal Credit to Each Co-Manager Rank Firm Amount Issues 1 Wachovia Securities $15,376.4 752 2 Citi 14,203.8 702 3 UBS Securities LLC 13,554.4 561 4 Merrill Lynch & Co. ...

Top Financial Advisers: Negotiated Issues.
January 3, 2008... Full Year 2007 - Equal Credit to Each Adviser Rank Firm Amount Issues 1 Public Financial Management Inc. $34,152.3 357 2 First Southwest Co. 25,114.3 377 3 Public Resources Advisory Group 19,694.6 56 ...

Top Financial Advisers: Competitive Issues.
January 3, 2008... Full Year 2007 - Equal Credit to Each Adviser Rank Firm Amount Issues 1 Public Financial Management Inc. $9,181.3 265 2 Public Resources Advisory Group 7,558.9 41 3 First Southwest Co. 4,133.1 252 ...

Top Financial Advisers: Small Issues.
January 3, 2008... Full Year 2007 - Equal Credit to Each Adviser Rank Firm Amount Issues 1 First Southwest Co. $1,231.7 250 2 Public Financial Management Inc. 1,033.8 195 3 Ehlers & Associates 945.4 340 4 RBC...

Market Indicators.
January 3, 2008... Dollar amounts are in millions Day's 2007 2007 DailyYesterday Change High Date Low Date Municipal Bond Index 112-22 +22/32 117-29 (2/27) 107-26 (8/24) 40 Average Dollar Price 102.30 +0.65 103.02...

Municipal Market Data General Obligation Yields.
January 3, 2008... Aaa Aaa (pure) (ins) Aa A Baa 2009 2.88 2.94 2.93 3.11 3.45 2013 3.19 3.34 3.28 3.59 3.98 2018 3.61 3.79 3.70 4.08 4.45 2023 3.91 4.10 4.00 4.39 4.76 2028 4.13 4.32 4.22 4.60 4.97 ...

Short-Term Tax-Exempt Yields.
January 3, 2008... Jan 2, 2008 Dec 31, 2007 Jan 3, 2007 Selected MIG-1/SP-1+ Notes California Rans 4s (June 08) 2.87 2.90 3.40 Los Angeles Co Trans 4.50s (June 08) 2.87 2.90 3.40 Puerto Rico Trans 4.25s (Jul 08) 2.92 2.92...

U.S. Securities Prices.
January 3, 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 -1/24/2007 2.923/913 2.615/490 2.976 3M -...

New-Issue Balances.
January 3, 2008... (,000 Omitted) *Since initial reoffering +Revised upward since last report Amount Date RECENT OFFERINGS Sold Balance $11,900 12/20 Hackensack, N.J. $1,990 All Sold 20,000 12/12 Rogers Sch. Dist. #3, Ark....

Reoffering Yields.
January 3, 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) 12/18 10.4 Allamuchy, N.J. ... 3.15 3.65 4.15 4.42...

Merrill Lynch Corporate Bond Indexes.
January 3, 2008... Performance Comparisons for Dec. 31, 2007 Aaa-Baa Rated Corporates Index Avg. Pct. of Total Return % Close Yield Market Prior Wk. Y-T-D ML Corporate Master 1689.13 5.81 100.00 +1.16 +4.64 Intermediate (1-10...