The Bond Buyer articles from June 2004

The Bond Buyer archives from June 2004

The Digest.
June 1, 2004... The bid side in municipals faded Friday, reflecting a decline in Treasuries ahead of an early market close in observance of the Memorial Day holiday. Complete market coverage by Nicholas Chesla and Anastasija Johnson appears on page 2 The...

Houston's Big Sequel: Complex Utility Restructuring Due Next Week.
June 1, 2004... Houston will go to market next week with the second part of a massive $3.1 billion water and sewer debt restructuring deal that includes three book-running managers and incorporates taxable and tax-exempt debt, auction-rate and fixed-rate debt,...

Lawyers Beware: IRS Groups Teaming Up on Ethics Cases.
June 1, 2004... The Internal Revenue Service's tax-exempt bond division plans to refer the names of attorneys under investigation for Section 6700 violations and other unethical behavior to the agency's Office of Professional Responsibility, even if a penalty...

California's Deal Drives May Volume: Recovery Deal Lifts Total to $33.5B.
June 1, 2004... Bolstered by California's $7.9 billion fixed-rate economic recovery bond sale, the volume of long-term municipal bonds sold shot up in May to $33.5 billion. Without that mega deal, issuance would have been 23.5% less at about $25.6...

News In Brief: Personal Income, Spending Up in April.
June 1, 2004... Personal income increased 0.6% and personal consumption expenditures grew 0.3% in April, the Commerce Department reported Friday. The 0.6% increase was equal to the rise in November and was the largest since a January 2001 increase of 0.9%. ...

News In Brief: NAPM-NY BCI Rises To 287.1 in May.
June 1, 2004... The New York Business Conditions Index in the National Association of Purchasing Management-New York's Report on Business posted a monthly gain in May, the ninth straight monthly rise in the index, and reached its highest level ever. The...

News In Brief: Consumer Sentiment Slipped in May.
June 1, 2004... The University of Michigan's final May consumer sentiment index reading was 90.2, compared to the preliminary 94.2 reading, which was unchanged from the final April 94.2, but down from the final March reading of 95.8, according to market...

News In Brief: Chicago PMI Gains To 68 in May.
June 1, 2004... The Chicago Purchasing Manager's Business Barometer rose to 68 in May from 63.9 in April, the 12th straight month of expansion as defined by a reading above 50, the Purchasing Management Association of Chicago said Friday. The data is...

Friday's Market: Bid Softens Ahead of Early Close; Treasuries Drop on Chicago PMI.
June 1, 2004... The bid side in municipals faded Friday, reflecting a decline in Treasuries ahead of an early market close in observance of the Memorial Day holiday. Governments sold off after the Chicago Purchasing Managers' Index beat market...

Corrections.(Correction Notice)
June 1, 2004... A story Friday on the Philadelphia School District's upcoming swap deal failed to mention Pennsylvania's school intercept program, and the ratings listed for Moody's Investors Service and Standard & Poor's reflected that enhancement. However,...

ESDC Names Underwriters for Jets-Javits Deals.
June 1, 2004... New York's Empire State Development Corp. has selected underwriting teams for the state's proposed role in financing the construction of the New York Sports and Convention Center for the New York Jets and expanding the Jacob Javits Convention...

N.M. Hospital Seeks Enhancement for Expansion.
June 1, 2004... The University of New Mexico is laying the groundwork for a $183 million revenue bond issue to finance construction of a new children's hospital, seeking credit enhancement as it has received a lowered outlook from Moody's Investors Service....

S&P Upgrades, Affirms Massachusetts Power Agency.
June 1, 2004... In a boost to the issuer's overall credit quality, Standard & Poor's last week raised its rating on one of the eight power projects managed by the Massachusetts Municipal Wholesale Electric Co. and affirmed its ratings on the debt of the seven...

S&P Upgrades Baptist Health South to AA-Minus.
June 1, 2004... Standard & Poor's on Thursday raised its rating to AA-minus from A-plus on $468 million of outstanding debt sold on behalf of Baptist Health South Florida. The outlook is stable. The upgrade reflects continued "excellent operating performance...

Indiana's Lake County Facing Legal Challenges on Taxes.
June 1, 2004... Two court cases challenging Lake County, Ind., tax bills gained new momentum last week, with hearings set for this month in the state Supreme Court and the Indiana Tax Court. The legal actions, which argue for lower tax bills on two fronts,...

Expansion: Going Garden State: Lebenthal Opens First Retail Office in New Jersey.
June 1, 2004... Lebenthal & Co., a subsidiary of Advest Inc., last week announced the opening of its first office in the Garden State with a retail branch in Parsippany, New Jersey. Alexandra Lebenthal, president of Lebenthal, said in an interview late...

Memphis Hit With a Triple Whammy as Ratings Cut by All 3 Agencies.
June 1, 2004... Memphis suffered downgrades from all three credit rating agencies, including a three-notch cut by Moody's Investors Service, just as the city prepares to next week sell $30 million of sanitary sewerage revenue bonds.. Moody's dropped the...

Bond Insurers: FGIC Hires Controller for New York Office.
June 1, 2004... Financial Guaranty Insurance Co. has hired Fabio Pieroni as a managing director and controller in its New York office. Pieroni started in his new position on May 19. He joins FGIC from American Capital Access, the holding company for ACA...

The Week Ahead: Multi-Faceted Atlanta Airport Deal Weighted With PFC Debt.
June 1, 2004... With few other deals to compete against during a trading session abbreviated by Memorial Day, financing for the world's busiest airport in Atlanta could still run into turbulence because of the threat of terrorism and higher interest rates. ...

Competitive Bond Offerings.
June 1, 2004... 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...

Competitive Note Offerings.
June 1, 2004... ISSUER ST DESCRIPTION AMOUNT($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING INSURER MDY'S S&P FITCH BANK-QUAL. LATEST DETAILS Tuesday, June 1 F Desert Sands...

Negotiated Bond Offerings.
June 1, 2004... Tentative dates for negotiated sales of $5 million or more. ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of May 31 Mohave County ...

Results of Negotiated Sales.
June 1, 2004... London Witte Group, Indianapolis. IOWA Griswold (City) May 21, 2004 $775,000 Main Street Project Refunding Warrants (bank qualified). Dated Jun 1, 2004. Due Jun 1, 2005. First coupon Dec 1, 2004. Callable...

Results of Competitive Sales.
June 1, 2004... CALIFORNIA Santa Clara Unified School District May 27, 2004 $9,500,000 2004 Tax & Revenue Anticipation Notes (book entry). Dated Jul 1, 2004. Due Jun 30, 2005. Purchased $9,500,000.00 by Citigroup, at 2.5%, plus...

ARIZONA: Halt Retail Subsidies?
June 1, 2004... Phoenix Mayor Phil Gordon is calling on other cities in Maricopa County to join his effort to halt subsidies to developers of large retail sites. The cutthroat competition for large retail centers and auto malls has distorted the market...

ARKANSAS: School Merger Tension.
June 1, 2004... The Arkansas Board of Education last week gave preliminary approval to the last school district merger necessary to meet new state laws requiring all school districts to have at least 350 students enrolled. Although most of the 57 districts...

COLORADO: Parents Aiding Schools.
June 1, 2004... A $25 million budget shortfall at Denver Public Schools is driving fundraising efforts by parents, who in some cases are contributing cash to keep teachers in classrooms and pay for library books and school supplies. The news of the...

NEW MEXICO: Public Hospital Leased.
June 1, 2004... Province Healthcare will pay off the $50 million debt of Memorial Medical Center as part of a lease arrangement with the city of Las Cruces and Dona Ana County to take over the hospital. The New Mexico State Board of Finance earlier this...

OKLAHOMA: Edmond's Water Line.
June 1, 2004... Edmond will issue $53 million of bonds for capital improvements that will include a water line from Oklahoma City, the Edmond City Council decided last week. Morgan Keenan & Co., Edward Jones, and Capital West Securities will serve as...

TEXAS: School Funding-Fix Delay.
June 1, 2004... Two school finance working groups appointed by Lieut. Gov. David Dewhurst and House Speaker Tom Craddick will not meet until mid-June because of vacations and other schedule conflicts. The groups were appointed May 19 to delve further into...

LONG-TERM BONDS: January-May.
June 1, 2004... 2004 2003 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $147,775,400 5,171 $157,533,400 6,124 -6.2 % January 20,863,300 826 27,103,200...

NEW-ISSUE VOLUME NOTES.
June 1, 2004... The new-issue volume tables are based on information compiled by The Bond Buyer from Thomson Financial's data base on Friday, May 28, 2004. All figures are preliminary and subject to revision. Long-term bonds have final stated maturities of...

BOND SALES BY STATE: January-May.
June 1, 2004... 2004 2003 State Rank Volume Rank Volume Pct Chg Alabama 41 $492,500 20 $2,393,400 -79.4 % Alaska 44 401,300 38 684,300 -41.4 Arizona 10 4,086,700 15 3,358,700 +21.7 Arkansas 43 435,200 35 860,400 -49.4 California...

LONG-TERM BONDS: May.
June 1, 2004... 2004 2003 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $33,536,600 940 $36,724,200 1,512 -8.7 % Development 8,424,000 23 685,000 43 +1129.8 Education 6,413,300 330 9,262,700 554 -30.8 ...

LARGEST ISSUES: May 2004.
June 1, 2004... Amount Issuer Date $7,921.5 California (State) economic recovery May 6 1,652.2 Houston, Tex., combined utilities (NM/ref) May 20 1,168.0 Puerto Rico Public Buildings Authority (NM/ref) May 12 700.0 Missouri Higher Education...

U.S. Securities Prices.
June 1, 2004... 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 -- 6/24/2004 0.915/905 0.910/905 0.928 3M -- 8/26/2004 1.055/050...

Short-Term Tax-Exempt Yields.
June 1, 2004... May 28, 2004 May 27, 2004 May 30, 2003 Selected MIG-1/SP-1+ Notes California Raws Ser A 2s (MIG-1) (June 04) 1.20 1.20 1.55 Los Angeles Co Trans 2s (June 04) 1.10 1.10 1.90 Texas Trans 2s (Aug 04) 1.10 1.10 1.00 ...

Municipal Market Data General Obligation Yields.
June 1, 2004... Aaa Aaa (pure) (ins) Aa A Baa 2005 1.51 1.57 1.56 1.66 2.06 2009 3.10 3.20 3.18 3.39 3.80 2014 3.93 4.05 4.02 4.27 4.64 2019 4.43 4.55 4.53 4.76 5.12 2024 4.80 4.91 4.90 5.06 5.38 2029 4.97 5.08 5.07 5.22 5.53...

Market Indicators.
June 1, 2004... Dollar amounts are in millions Day's 2004 2004 Daily Yesterday Change High Date Low Date Municipal Bond Index 106-28 -5/32 116-02 (3/11) 104-30 (5/13) 40 Average Dollar Price 96.90 -0.13 105.30 (3/11) 95.18 (5/13) ...

General Obligation Bond Prices for May 28, 2004.
June 1, 2004... Intermediate Long-Term Bond and Ratings (Moody's/S&P's) Dated Cpn & Maturity Yield Price Prev Chg Cpn &Maturity Yield Price Prev Chg STATES California Series 2003 (A3/BBB) 11/1/03 3Z\,% 11/1/09 3.68 97C\, 95B\, +1C\v 5Z\v%...

Placement Ratio.
June 1, 2004... No. Total Amt. Sales from Placement New New Accts. New Accts. Ratio Accts. ($000s) ($000s) (%) 2004 05/28 26 700,496 686,381 98.0 05/21 18 605,837 600,077 99.1 05/14 20 1,174,429 1,145,429 97.5 05/07...

Visible Supply.
June 1, 2004... Competitive Negotiated Total ($000s) ($000s) ($000s) Weekly Averages 5/28/04 1,645,076 5,574,247 7,219,323 5/21 1,422,355 7,692,527 9,114,882 5/14 1,916,371 9,074,375 10,990,746 5/7 1,370,778 9,613,443 10,984,221 ...

Reoffering Yields.
June 1, 2004... 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 4/28 60.1 Arlington Co., Va. 1.23 2.79 3.83 4.30 4.80....... 4/26 15.7...

New-Issue Balances.
June 1, 2004... (,000 Omitted) * Since initial reoffering + Revised upward since last report Amount Date NEW OFFERINGS Sold Balance $12,843 5/24 *Johnson Co. Unif. Sch. Dist. #512, Kan. $22,085 All Sold 12,843 5/27 *Oyster Bay, N.Y....

Municipal Market Yields.
June 1, 2004... Values at 5/28/2004 -- Basis Point Change from 5/21/2004 Aaa Aa A Baa 2005 1.47 +04 1.63 +04 1.86 +05 2.17 +05 2009 3.16 +12 3.33 +12 3.57 +11 3.86 +11 2014 4.07 +14 4.25 +14 4.51 +13 4.81 +13 2019 4.52 +12 4.70 +12 4.96...

Municipal Bond Index Update.
June 1, 2004... The list of bonds used to calculate the Municipal Bond Index was revised after the May 28 pricing. The new coefficient is 1.0187. It was derived by dividing the May 28 index (106.886908) by the average converted price of the new set of 40...

Municipal Bond Prices.
June 1, 2004... These 40 Bonds are evaluated and priced daily by Standard & Poor's Securities Evaluations. 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.
June 1, 2004... Yesterday Previous Day Week Ago The Bond Buyer Municipal Bond Index 106-28 107-01 105-21 Friday, May 28, 2004 Maturity Par Call Dollar Conversion Converted Date Date Price Factor Price 1 Texas Turnpike Authority 5s...

Florida's Bush Signs $57 Billion Budget, Sends $350M to Reserves.
June 1, 2004... Gov. Jeb Bush Friday signed into law Florida's $57.3 billion budget after vetoing $350 million worth of items approved by lawmakers while at the same time lauding them for taking a conservative approach to using debt. The fiscal 2005...

New Hampshire Lawmakers Pass School Funding Bill.
June 1, 2004... The new education funding formula New Hampshire lawmakers last week sent to the governor will force many cities and towns to step up their fiscal management as ratings agencies take a closer look at the credits. Gov. Craig Benson, a...

The Digest.
June 2, 2004... Municipal bonds weakened yesterday in light to moderate trading, losing traction through the session as Treasuries hit the downward trail. Complete market coverage by Nicholas Chesla and Anastasija Johnson appears on page 2 News A...

Deadlocked in Illinois: Budget Deadline Passes as Democrats Clash.
June 2, 2004... The fate of $2 billion in proposed borrowing and a debt reform package aimed at curtailing Illinois Gov. Rod Blagojevich's borrowing practices remained up in the air yesterday after lawmakers failed to reach agreement on a new fiscal 2005...

MSRB Details Real-Time Price System: Most Dealers Must Plan Tests by Oct. 1.
June 2, 2004... Most municipal broker-dealers must by Oct. 1 make plans to test the Municipal Securities Rulemaking Board's new real-time transaction reporting system, which is to begin operation next year, the MSRB said in a proposal for the reporting system...

Fannie Mae to Break Ground in Auction-Rate Securities Market.
June 2, 2004... Triple-A-rated Fannie Mae - the largest provider of credit enhancement in the multifamily housing sector - is breaking into the burgeoning auction-rate securities market. The New York City Housing Development Corp. next week is selling...

News In Brief: Construction Outlays Up 1.3% in April.
June 2, 2004... Construction spending increased 1.3% to an all-time high in April, as both private and public construction spending reached record levels, Commerce Department figures released yesterday show. Total construction spending was estimated at...

News In Brief: ISM Index Inches Up To 62.8 in May.
June 2, 2004... The overall economy expanded for the 31st straight month in April, while the manufacturing sector expanded for the 12th time in as many months, the Institute for Supply Management reported yesterday. According to the ISM's monthly report on...

News In Brief: Weekly T-Bills Go At 1.130%, 1.400%.
June 2, 2004... Tender rates for the Treasury's latest 91-day and 182-day discount bills were higher yesterday, as the three-months incurred a 1.130% high rate, up from the previous auction's rate of 1.050% and as the six-months incurred a 1.400% high rate, up...

News In Brief: Treasury 4-Weeks To Raise New Cash.
June 2, 2004... The Treasury Department said it will sell $24 billion of four-week discount bills today. The four-week, or 28-day, bills will raise $5 billion of new cash by auctioning $24 billion to refund $19 billion of maturing bills. The bills have an...

Tuesday's Market: Municipals Follow Treasuries Down As Manufacturing Beats Forecasts.
June 2, 2004... Municipal bonds weakened yesterday in light to moderate trading, losing traction through the session as Treasuries hit the downward trail. Government bonds opened lower and fell further after the May Institute for Supply Management...

A Correction.(Correction Notice)
June 2, 2004... The listing for Bensenville, Ill., that appeared in the "QuickScales" table on page 28 yesterday did not include the issue's tax status, which is pertinent for comparing its yield scale to other issues. The bonds were taxable. Copyright...

Florida's CFO Campaigning Against High Speed Rail.
June 2, 2004... Florida's chief financial officer Tom Gallagher has mailed a "Dear Fellow Republican" letter to registered party members in the state saying that the cost of the high-speed train proposal approved in 2000 by voters as a constitutional amendment...

Moody's Gives Upgrades to 60 Minnesota Cities.
June 2, 2004... Giving greater recognition to an existing Minnesota state mandate that requires cities and counties to levy for 105% of debt service, Moody's Investors Service yesterday issued upgrades to the general obligation unlimited tax credits of 60...

District of Columbia: Mayor May Veto Some Items in New Budget.
June 2, 2004... District of Columbia Mayor Anthony Williams is considering vetoing items in the proposed $4.16 billion budget for the fiscal year that begins Oct. 1, which the District Council approved last month, Tony Bullock, the mayor's chief spokesman,...

Tax Regulation: IRS Private-Letter Ruling Could Help a School District Rebuild.
June 2, 2004... In a private-letter ruling released this week, the Internal Revenue Service gave some wiggle room to a city school district that is planning to use tax-exempt bond financing to modernize facilities over a decade but faces a conflict between...

IRS: Miller Named Chief of Tax-Exempt And Governmental Entities Unit.
June 2, 2004... Steven Miller has been named commissioner of the Internal Revenue Service's tax-exempt and governmental entities division, according to an IRS spokeswoman who confirmed a number of organizational changes in the agency. Miller assumed his...

Mutual Funds: Muni Funds Lose $3.39 Billion in April, Down for Year.
June 2, 2004... Municipal bond mutual funds had a net outflow of $3.39 billion in April after taking in a meager $245 million in March, according to Investment Company Institute data released last week. Overall, municipal and taxable bond funds experienced...

People: Stevens Formally Takes Over as President of Investment Company Institute.
June 2, 2004... Paul Schott Stevens took over as president of the Investment Company Institute yesterday, replacing Matthew P. Fink, who retired after a 33-year career with the organization in the midst of major upheaval in the mutual fund industry. ...

Arizona Ready to Apply $51M of Note Proceeds Toward Colorado River Bridge.
June 2, 2004... With $51 million in hand from a recent grant anticipation note sale, Arizona is joining with Nevada and the federal government to launch one of the most significant transportation projects in the history of the Southwest, a bridge over the...

Judge Says BATCo to Remain a Defendant in U.S. Tobacco Case.
June 2, 2004... A federal judge on Friday denied British American Tobacco Co.'s motion to be removed as a defendant from a lawsuit against the tobacco industry brought by the Justice Department, which seeks a $280 billion judgment. If the U.S. government...

Competitive Bond Offerings.
June 2, 2004... 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.
June 2, 2004... ISSUER ST DESCRIPTION AMOUNT($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING INSURER MDY'S S&P FITCH BANK-QUAL. LATEST DETAILS Wednesday, June 2 F Conejo Vly...

Negotiated Bond Offerings.
June 2, 2004... Tentative dates for negotiated sales of $5 million or more. ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of May 31 Banning USD CA...

Results of Negotiated Sales.
June 2, 2004... CALIFORNIA Los Angeles (City) May 28, 2004 $13,517,000 Weekly Variable Rate Demand Multi-Family Housing Refunding Revenue Bonds, Series 2004D (Colonia Corona Apartments) Letter of Credit Issued by Citibank (book entry) (AMT). ...

Results of Competitive Sales.
June 2, 2004... ARKANSAS Pea Ridge School District No. 109 of Benton County Jun 1, 2004 $5,000,000 Construction Bonds (bank qualified) (book entry). Dated Jun 1, 2004. Due May 1, 2006 to 2034. Callable Nov 1, 2009 at par. ...

Municipal Bond Elections.
June 2, 2004... This table lists bond elections involving $500,000 or more and gives the dates when voters are scheduled to cast their ballots (,000 omitted). Saturday, June 05, 2004 $75,000 Brownsville ISD, TX $20,400 Southside ISD, TX...

ILLINOIS: One Casino Fight Ends.
June 2, 2004... The first action that challenged the awarding of a license to Emerald Casino to build a floating casino in Rosemont, Ill., ended last week when the state Supreme Court refused to reconsider an Appellate Court ruling in the case. The...

MICHIGAN: Mining Pittsburgh Talent.
June 2, 2004... Wayne County officials were expected to announce that they have chosen a leader from Pittsburgh to head the Wayne County Economic Development Corp., a new nonprofit agency that will work to help raise private funds for renovation and new...

MISSOURI: GOs Green-Lit.
June 2, 2004... The Kansas City Council last week approved the sale of up to $95 million of new-money general obligation bonds that finance officials are planning for August. The competitive sale would include $80 million of borrowing authorized by voters...

MISSOURI: Bi-State Compromise.
June 2, 2004... The Greater Kansas City Chamber of Commerce board last week endorsed a compromise bi-state tax proposal seeking a sales tax to raise funds for sports and arts venues. The proposal would ask voters in several counties in Missouri and Kansas...

OHIO: Slots Shot Down.
June 2, 2004... The House last week defeated a bill to allow slot machines at some Ohio horse racing tracks - a victory for some school officials who said the effort would detract from the state's need to fix school funding problems. The slot machine law...

WISCONSIN: Stable Spending Sought.
June 2, 2004... Gov. Jim Doyle last week asked agency heads to hold their overall spending requests in the next fiscal biennium to current levels and to submit plans that also include a 10% across-the-board cut in non-federally funded appropriations. ...

U.S. Securities Prices.
June 2, 2004... 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 -- 6/24/2004 0.930/925 0.915/905 0.943 3M -- 8/26/2004 1.110/090...

Short-Term Tax-Exempt Yields.
June 2, 2004... Jun 1, 2004 May 28, 2004 Jun 3, 2003 Selected MIG-1/SP-1+ Notes California Raws Ser A 2s (MIG-1) (June 04) 1.25 1.20 1.30 Los Angeles Co Trans 2s (June 04) 1.15 1.10 1.00 Texas Trans 2s (Aug 04) 1.15 1.10 1.00 Municipal...

Municipal Market Data General Obligation Yields.
June 2, 2004... Aaa Aaa (pure) (ins) Aa A Baa 2005 1.55 1.61 1.60 1.70 2.10 2009 3.15 3.25 3.23 3.44 3.85 2014 3.98 4.10 4.07 4.33 4.69 2019 4.49 4.61 4.59 4.82 5.18 2024 4.85 4.96 4.95 5.11 5.43 2029 5.01 5.12 5.11 5.26 5.57...