The Bond Buyer articles from May 2006

The Bond Buyer archives from May 2006

Thursday.
May 4, 2006... Regions THE KANSAS HOUSE YESTERDAY REJECTED the three-year, $533 million school finance bill that it had preliminarily approved Tuesday night. The measure contained some similar provisions to but contained less money than a bill approved...

On Standby in Virginia: Treasurer Hopeful Despite Budget Impasse.
May 4, 2006... WASHINGTON -- Virginia Treasurer J. Braxton Powell is optimistic that the current stalemate in the General Assembly over the $74 billion fiscal 2007-2008 biennial budget will be resolved soon and a potential government shutdown on July 1 will...

Flurry of IRS Enforcement Disclosures Go On.
May 4, 2006... WASHINGTON -- The onslaught of disclosures of Internal Revenue Service tax-exempt bond enforcement activity continued this week with varied announcements from issuers in Arkansas, Illinois Maryland, Washington, and West Virginia. The...

Illinois House OKs '07 Budget: But New Debt Plan Appears Doomed.
May 4, 2006... CHICAGO -- Paving the way for the Illinois General Assembly to adjourn this week without passing a proposed $3.2 billion bond-financed capital plan, the House yesterday approved a $45.8 billion operating budget for fiscal 2007 that scales back...

In Brief: Treasury to Auction $21B 3-Yrs, $13B 10-Yrs.
May 4, 2006... WASHINGTON -- The Treasury Department announced yesterday its quarterly refunding will pay down $25.9 billion by auctioning $34 billion in notes to refund $59.9 billion. The auctions will consist of $21.0 billion in three-year notes, and $13.0...

In Brief: March Factory Orders Increase 4.2%.
May 4, 2006... WASHINGTON -- New factory orders for manufactured goods surged 4.2% in March, the largest increase in 10 months, the Commerce Department said yesterday. The 4.2% rise to $419.6 billion - a $17 billion increase - was above IFR Markets'...

In Brief: ISM Non-Mfg Index Rises to 63.0 in April.
May 4, 2006... WASHINGTON -- The Institute for Supply Management's non-manufacturing business activity composite index rose to 63.0 in April from 60.5 in March, on a seasonally adjusted basis, the group said yesterday. Economists polled by IFR Markets...

Munis Weaken on Stronger-Than-Expected Data.
May 4, 2006... The municipal bond market weakened yesterday, as stronger-than-expected economic data continued to pour into the market, fueling worries that the Federal Open Market Committee will remain on the path to higher rates after a near-certain hike...

Energy Woes Could Be 'Train Wreck' for State and Local Credits.
May 4, 2006... SANTA MONICA, Calif. -- The United States could be headed toward an energy and environmental "train wreck" that could hurt state and local issuer credits in the tax-exempt bond market, Gary Krellenstein, a managing director at JPMorgan, warned...

'Burst-Bubble' Scenarios for Housing Have Experts Worrying About Munis.
May 4, 2006... SANTA MONICA, Calif. -- The housing bubble that may have developed in the U.S. could have troubling implications for the municipal bond market if it bursts, said members of the opening panel here yesterday at the annual National Federation of...

New Tax Plan Headed to Texas Governor.
May 4, 2006... DALLAS -- Texas lawmakers yesterday began fine-tuning a series of bills aimed at school funding reform after sending Gov. Rick Perry the major revenue component of those efforts -- a broad-based business tax approved late Tuesday by the state...

In Ohio, Blackwell Wins GOP Nod; Bradley's Primary Bid Fails.
May 4, 2006... CHICAGO -- Ohio Secretary of State J. Kenneth Blackwell won the Republican nomination for governor Tuesday, while Treasurer Jennette Bradley failed to win a primary bid to keep her job, possibly the result of strong turnout by more conservative...

Kansas Lawmakers Flip-Flop on School Finance Bill.
May 4, 2006... DALLAS -- The Kansas House yesterday rejected the three-year, $533 million school finance bill that it had preliminarily approved Tuesday night. The measure contained some similar provisions to but contained less money than a bill approved by...

Financial Advisers: Houston City Council OKs Three-Year Contracts With Three Firms.
May 4, 2006... DALLAS -- The Houston City Council yesterday unanimously voted to approve three-year financial advisory contracts with First Southwest Co., Coastal Securities, and Morgan Keegan & Co. The contracts include provisions for two one-year...

People: Two Virginia Muni Vets Return to Private Practice After State Service.
May 4, 2006... WASHINGTON -- Darrell V. Hill and Howard P. Estes Jr., who were the Virginia Resources Authority's executive director and general counsel, respectively, until they left earlier this year, recently re-entered private practice in the municipal...

Competitive Bond Offerings.
May 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.
May 4, 2006... Tentative dates for negotiated sales of $1 million or more. ISSUER ST DESCRIPTION AMOUNT($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING INSURER MDY'S S&P FITCH BANK-QUAL....

Negotiated Bond Offerings.
May 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 May 1 District of...

Results of Negotiated Sales.
May 4, 2006... ALABAMA Alexander City Special Care Facilities Financing Authority (City) Apr 17, 2006 $38,395,000 Medical Facilities Revenue Bonds (The Russell Hospital Corporation), Series 2006A (book entry) Dated May 10, 2006. Due Dec...

Results of Competitive Sales.
May 4, 2006... CALIFORNIA West Contra Costa Unified School District May 3, 2006 $70,000,000 General Obligation Bonds Election of 2005, Series A (book entry). Dated May 17, 2006. Due Aug 1, 2007 to 2035. Callable Aug 1, 2014 at...

Election Results.
May 4, 2006... APPROVED Saturday, Apr 29, 2006 LOUISIANA East Baton Rogue Par SD #1--$25,000,000 Cpmplete school construction program Tuesday, May 02, 2006 ALASKA Matanuska-Susitna Borough--$39,700,000 School construction...

Senate Poised to OK Relief Bill With More Levee Repair Funds.
May 4, 2006... WASHINGTON -- After a week of debate, the Senate appeared close yesterday to approving a supplemental appropriations bill that would provide $7.6 billion in emergency funding for temporary rental housing vouchers and flood-mitigation programs...

Louisiana Officials Devise Plan to Spend Federal Hurricane Relief Funds.
May 4, 2006... ATLANTA -- More than eight months after hurricanes Katrina and Rita hit, and several months after Congress began appropriating billions to aid in recovery and rebuilding, Louisiana made several moves over the last week toward digging out from...

Maryland Gubernatorial Candidate Names Running Mate.
May 4, 2006... WASHINGTON -- Montgomery County Executive Douglas Duncan, a Maryland gubernatorial hopeful, officially announced yesterday that he had picked a former Baltimore prosecutor as his running mate for the Democratic nomination. During a press...

Puerto Rico Governor Offers Changes to Fiscal Plan.
May 4, 2006... Puerto Rico Gov. Anibal Acevedo Vila yesterday proposed changes to his plan for resolving the commonwealth's fiscal crisis that led to this week's shutdown of non-essential government services, according to a spokeswoman. Juanita Colombani...

ALABAMA: AmSouth LOC Upgrade.
May 4, 2006... Standard & Poor's on Tuesday raised its ratings on seven AmSouth Bank letter of credit-backed issues to A-plus/A-1 from A/A-1. The actions followed the agency's upgrade last month of the Birmingham-based AmSouth to A-plus/A-1 from A/A-1. ...

FLORIDA: Record Budget on Tap.
May 4, 2006... Lawmakers tomorrow are poised to pass a record $71 billion budget for fiscal 2007 along with last-minute bills before ending their two-month session. One major change ironed out by the budget conference committee earlier this week was...

FLORIDA: Marlins in a TIF?
May 4, 2006... Discussions are underway to determine if using tax increment financing is a viable way to complete the funding package to build a $430 million retractable-roof baseball stadium for the Florida Marlins in Hialeah, local officials said last week....

LOUISIANA: Return of St. Tammany.
May 4, 2006... The St. Tammany Parish No. 3 Sales Tax District will sell $50 million of sales tax bonds today, marking the first debt issuance from the storm-damaged credit since Hurricane Katrina hit. The bonds will be sold competitively with Foley &...

LOUISIANA: Late to the Game.
May 4, 2006... One of the main opponents to the Lafayette Utilities System's plan to use proceeds from a $125 million revenue bond deal to fund telecommunications services appears to have not filed its appeal on time. Friday was the deadline for...

Municipal Bond Activities.
May 4, 2006... May 4-5 The California Debt and Investment Advisory Commission will hold two half-day workshops on Current Practice in Assessing and Using Developer Fees. The first will be held May 4 in Ontario, Calif., and the second on May 5 in...

Municipal Market Data General Obligation Yields.
May 4, 2006... Aaa Aaa (pure) (ins) Aa A Baa 2007 3.60 3.64 3.64 3.74 3.92 2011 3.67 3.80 3.78 3.94 4.09 2016 4.12 4.25 4.23 4.41 4.60 2021 4.32 4.45 4.43 4.60 4.79 2026 4.42 4.55 4.53 4.70 4.89 2031 4.54 4.63 4.63 4.79 4.99...

U.S. Securities Prices.
May 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 -- 6/1/2006 4.560/545 4.523/513 4.640 3M -- 8/3/2006 4.700/695...

Short-Term Tax-Exempt Yields.
May 4, 2006... May 3, 2006 May 2, 2006 May 4, 2005 Selected MIG-1/SP-1+ Notes California Rans 4 1/2s (June 06) 3.63 3.60 2.70 Los Angeles Co Trans 4s (June 06) 3.60 3.60 2.70 New Jersey Trans 4s (June 06) 3.62 3.63 2.70 Texas Trans 4...

Market Indicators.
May 4, 2006... Dollar amounts are in millions Day's 2006 2006 Daily Yesterday Change High Date Low Date Municipal Bond Index 112-18 -8/32 115-13 (2/28) 112-18 (5/3) 40 Average Dollar Price 101.29 -0.20 104.11 (2/28) 101.29 (5/3) ...

New-Issue Balances.
May 4, 2006... (,000 Omitted) * Since initial reoffering + Revised upward since last report Amount Date NEW OFFERINGS Sold Balance $103,025 5/3 Hennepin Co. Minn. $103,025 All Sold 70,000 5/3 West Contra Costa Unif. Sch. Dist., Calif....

Reoffering Yields.
May 4, 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 4/26 6.2 Florham Park, N.J. 3.40 3.60 4.00............ 4/24 6.0 West Des...

One-Year Note Index.
May 4, 2006... 2006 May 3 3.66% Apr 26 3.70 19 3.65 11 3.58 5 3.54 Mar 29 3.52 22 3.51 15 3.47 8 3.42 1 3.37 Feb 22 3.39 15 3.35 8 3.28 1 3.25...

Municipal Bond Prices.
May 4, 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.
May 4, 2006... Current Day Previous Day Week Ago Month Ago Year Ago The Bond Buyer Municipal Bond Index 112-18 112-26 112-26 113-31 114-15 Wednesday, May 3, 2006 Maturity Par Call Dollar Conversion Converted Date Date Price Factor Price 1...

N.J.'s Corzine to Drop Appeal on Use Of $150M in Tobacco Debt Proceeds.
May 4, 2006... New Jersey will drop its appeal of a decision barring the use of $150 million in tobacco bond proceeds to help fund the fiscal 2006 budget, a state spokesman said yesterday. "We are withdrawing the appeal," said Jim Moore, a spokesman for...

Friday.
May 5, 2006... News ALL BUT ONE OF THE BOND BUYER'S YIELD INDEXES rose this week, as strong economic data on Monday prompted a sell-off, from which the municipal bond market has not yet recovered. 35 Washington THE SENATE EASILY APPROVED A...

Scott Seeks Enforcement Changes: Eyes New Approach To IRS' TEB Program.
May 5, 2006... SANTA MONICA, Calif. -- Former Internal Revenue Service tax-exempt bond chief W. Mark Scott yesterday called for a new approach to the IRS' tax-exempt bond enforcement programs, under which legislative and structural changes would be made to...

Bear Stearns to Run N.J.'s TTF Restructuring.
May 5, 2006... New Jersey's Transportation Trust Fund Authority yesterday accepted a recommendation that Bear, Stearns & Co. serve as senior managing underwriter on its proposed $1.8 billion refunding and restructuring deal scheduled for later this month, a...

Puerto Rico Tries to Resolve Shutdown.
May 5, 2006... Legislative leaders and members of the Puerto Rico Gov. Anibal Acevedo Vila's administration were meeting again late yesterday afternoon trying to resolve the impasse that has led to a partial government shutdown. House Speaker Jose Aponte...

New Orleans RTA Seeks Solution for Default: Agency Missed Deadline for $6M Payment.
May 5, 2006... ATLANTA -- Louisiana officials were working with several parties yesterday after learning that the New Orleans Regional Transit Authority missed a $6 million debt service payment on May 1. Those on hand for the conference call included...

Secondary Flat Ahead of Payrolls Report.
May 5, 2006... The municipal bond market was little changed yesterday, and trading activity was light, as economic data was mixed and investors were reluctant to put money to work with the potentially market-moving release of April non-farm payrolls looming...

In Brief: Jobless Claims Rise 5,000 to 322,000.
May 5, 2006... WASHINGTON -- First-time applications for state unemployment benefits increased 5,000 to a seasonally adjusted 322,000 in the week ended April 29, according to data released by the Labor Department yesterday. The applications figure was at...

In Brief: Non-Farm Productivity Increased 3.2% in 1Q.
May 5, 2006... WASHINGTON -- Non-farm productivity jumped 3.2% between January and March, while unit labor costs increased 2.5%, according to preliminary first-quarter statistics released by the Bureau of Labor Statistics yesterday. The first-quarter...

In Brief: Weekly T-Bill Auction To Pay Down $7.647B.
May 5, 2006... WASHINGTON -- The Treasury Department yesterday said it will pay down $7.647 billion at its weekly auction of 91-day and 182-day discount bills Monday by selling $29 billion to refund $36.647 billion in maturing securities. To be sold are...

N.Y.C. Mayor Lays Out $53B Budget, Bond-Heavy Four-Year Capital Plan.
May 5, 2006... New York City Mayor Michael Bloomberg yesterday presented his $52.7 billion executive budget for fiscal 2007, as well as a bond-heavy, $36.5 billion four-year capital plan for the period through 2010. The Republican mayor struck fiscally...

Full House Overwhelmingly Passes $2.4 Billion Port Security Measure.
May 5, 2006... WASHINGTON -- The House yesterday overwhelmingly approved legislation that included a provision to authorize providing $2.4 billion in grants to port operators over six years to help pay for the cost of increased security measures. Under...

House Panel Approves Spending Bill With $200 Million in SRF Cuts.
May 5, 2006... WASHINGTON -- A House panel yesterday approved a $25.9 billion fiscal 2007 spending bill that includes $688 million for the Environmental Protection Agency's clean water infrastructure grant program, a nearly $200 million cut from what Congress...

Oklahoma Governor Pushes Lawmakers to Act on Economic Plan.
May 5, 2006... DALLAS -- Oklahoma Gov. Brad Henry on Wednesday urged the Legislature to move ahead with his economic development plan, which focuses on biomedical and other sophisticated research efforts to diversify the state's economy. Henry gathered...

Hurricane Relief: Senate OKs CDBG Grants, Levee Repair Legislation.
May 5, 2006... The Senate easily approved a supplemental appropriations bill yesterday that would provide $7.6 billion in emergency funding for temporary rental housing vouchers and flood-mitigation programs, along with $3.7 billion for levee repairs in...

Legislation: Muni Groups Continue to Wait On Tax Reconciliation Conference.
May 5, 2006... Muni market groups played a familiar waiting game this week as much-anticipated action on tax reconciliation failed to move forward in any final way -- again. A bicameral conference committee, selected to hammer out differences between...

TBMA's Hotchkiss, Evergreen's Anderson Among Federation Honorees.
May 5, 2006... SANTA MONICA, Calif. -- The National Federation of Municipal Analysts was expected last night to present awards here to four municipal market participants, including Lynnette K. Hotchkiss, senior vice president and associate general counsel at...

Panelists Warn of 'OPEB Tsunami,' Urge Early Liability Disclosure.(Discussion)
May 5, 2006... SANTA MONICA, Calif. -- A Lehman Brothers banker late Wednesday warned that "the OPEB tsunami is coming," while a Standard & Poor's director urged state and local governments to begin disclosing information about their unfunded OPEB liabilities...

Mutual Funds: YieldQuest Hopes to Build on Success With New Short-Term Offering.
May 5, 2006... A mutual fund launched last year by YieldQuest Funds that seeks to produce high tax-exempt income through a variety of instruments including municipal bonds and closed-end funds has so far produced successful returns. Now, the Atlanta-based...

Money Market Funds: Tax-Free Assets Decline $2.5B in Latest Week.
May 5, 2006... Assets in tax-free money market funds fell $2.54 billion to $345.96 billion during the week ended Monday, iMoneyNet Inc. reported. The outflow was driven by retail funds, which lost $4.27 billion in assets, while institutional funds gained a...

Panel: This Top 10 List Doesn't Have Buy-Side Players Laughing.
May 5, 2006... SANTA MONICA, Calif. -- Issuers' coerced tenders and calls of escrowed-to-maturity bonds, trustees' reluctance to provide fund balance and payment information, and issuers' failures to disclose Internal Revenue Service notices that bonds are...

Competitive Bond Offerings.
May 5, 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.
May 5, 2006... Tentative dates for negotiated sales of $1 million or more. ISSUER ST DESCRIPTION AMOUNT($000s) TIME OF SALE FINANCIAL ADVISER LEGAL OPINION MATURING INSURER MDY'S S&P FITCH BANK-QUAL....

Negotiated Bond Offerings.
May 5, 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 Friday, May 5 Florida Hsg Fin...

Negotiated Note Offerings.
May 5, 2006... ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of May 8 Menasha WI Note Antic 1,440 RBC Capital Mkts --- --- --- --- --- Today Menasha...

Results of Negotiated Sales.
May 5, 2006... CALIFORNIA Carlsbad (City) Apr 28, 2006 $11,490,000 Revised to Show Change in Par and 2036 Maturity Amounts. 2006 Special Tax Bonds (Community Facilities District No. 3 - Improvement Area 1) (book entry) Dated May 11,...

Results of Competitive Sales.
May 5, 2006... ARKANSAS Mayflower School District No. 78 of Faulkner County May 4, 2006 $1,735,000 Construction Bonds (bank qualified) (book entry). Dated May 15, 2006. Due Jun 1, 2008 to 2036. Callable Jun 1, 2011 at par. ...

Rating Changes.
May 5, 2006... Dollar amounts represent the amount of bonds outstanding in the issue. Rating changes that result from the purchase of the letters of credit or bond insurance for issues in the secondary market are not included. ISSUER AMOUNT ...

Regulation: ABA Calls on Treasury to Simplify Yield-Reduction Compliance.
May 5, 2006... Echoing comments made last month by another group of bond lawyers, the American Bar Association's tax section this week recommended that the Treasury Department simplify compliance with arbitrage yield restrictions by allowing issuers to make...

Most Yield Indexes Rise Thanks to Monday's Data-Prompted Sell-Off.
May 5, 2006... All but one of The Bond Buyer's yield indexes rose this week, as strong economic data on Monday prompted a sell-off from which the municipal bond market has not yet recovered. "The muni market continues to be sloppy. I think we're...

Trends In The Region: Hawaii's Preference for Negotiated Deals Becomes a Subject of Debate.
May 5, 2006... SAN FRANCISCO -- Municipal bond issuers in Hawaii say they prefer doing negotiated sales because they get all the services they need without the cost of a financial adviser. They also insist they are getting a fair price for their debt issues....

ALASKA: Garage Bond Sale OK'd.
May 5, 2006... The state Senate this week voted to approve a bill allowing the Alaska Housing Finance Corp. to issue $44 million in revenue bonds to finance a parking garage in Anchorage. The parking garage will replace a surface parking lot for state...

CALIFORNIA: Pacific Affirmation.
May 5, 2006... Moody's Investors Service Tuesday assigned its A2 underlying rating to the University of the Pacific's planned $77 million revenue bond issue, and affirmed the same underlying rating for the university's outstanding debt. The bonds are to...

CALIFORNIA: Angelides Endorsement.
May 5, 2006... Delegates at the state Democratic convention last weekend in Sacramento gave California Treasurer Phil Angelides their official endorsement in his campaign for governor. It remains to be seen if Angelides can translate that into the actual...

CALIFORNIA: 49ers Stadium Study.
May 5, 2006... The San Francisco 49ers have hired Lennar Corp. to study the feasibility of replacing the team's stadium at Candlestick Point. Expected sometime in the summer, the feasibility plan will include details on financing possibilities, said Lisa...

CALIFORNIA: Oakland A's Look Around.
May 5, 2006... In the eastern suburbs of San Francisco, the Oakland Athletics continue to look for a stadium devoted entirely to baseball, unlike the team's current home at McAfee Coliseum, which they share with the National Football League's Oakland Raiders....

HAWAII: Bonding Bills Aplenty.
May 5, 2006... While both houses of the state Legislature debate the final details of budget bills to be sent to conference in time for this week's deadline for closing the session, several bonding bills are poised for final passage and submission to Gov....

OREGON: Crane Sighting.
May 5, 2006... Gov. Ted Kulongoski visited the Port of Portland Tuesday to view its newest piece of equipment: a 16-story tall, two-city-block-wide container crane. The crane arrived in Portland this week on the ship that delivered it from its...

Columbia, Mo.-Based Utility Commission Sets Debut Debt Sale.
May 5, 2006... CHICAGO -- The Columbia-based Missouri Joint Municipal Electric Utility Commission will debut in the tax-exempt market next Wednesday with its inaugural sale of $280 million of power project revenue bonds to finance its participation in the...

Municipal Market Data General Obligation Yields.
May 5, 2006... Aaa Aaa (pure) (ins) Aa A Baa 2007 3.60 3.64 3.64 3.74 3.92 2011 3.69 3.80 3.78 3.94 4.09 2016 4.12 4.25 4.23 4.41 4.60 2021 4.32 4.45 4.43 4.61 4.79 2026 4.42 4.55 4.53 4.70 4.89 2031 4.54 4.63 4.63 4.79 4.99...

U.S. Securities Prices.
May 5, 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 -- 6/1/2006 4.515/495 4.560/545 4.593 3M -- 8/3/2006 4.678/668...

Short-Term Tax-Exempt Yields.
May 5, 2006... May 4, 2006 May 3, 2006 May 5, 2005 Selected MIG-1/SP-1+ Notes California Rans 4 1/2s (June 06) 3.63 3.63 2.75 Los Angeles Co Trans 4s (June 06) 3.63 3.60 2.60 New Jersey Trans 4s (June 06) 3.67 3.62 2.65 Texas Trans 4...

Market Indicators.
May 5, 2006... Dollar amounts are in millions Day's 2006 2006 Daily Yesterday Change High Date Low Date Municipal Bond Index 112-16 -2/32 115-13 (2/28) 112-16 (5/4) 40 Average Dollar Price 101.23 -0.06 104.11 (2/28) 101.23 (5/4) ...

Credit Calendar.(Calendar)
May 5, 2006... MONDAY, May 8 The Treasury pays down $7.647 billion at its regular weekly auction of three-month and six-month discount bills by selling $29 billion to replace $36.647 billion in maturing securities and announces the size of its four-week...