The Bond Buyer articles from May 2008

The Bond Buyer archives from May 2008

Jefferson County Case Continues: SEC Charges Mayor, Blount, and Lobbyist.
May 1, 2008... WASHINGTON -- The Securities and Exchange Commission yesterday filed securities fraud and related charges against Birmingham Mayor Larry Langford, Alabama bond dealer William Blount and his firm Blount Parrish & Co., as well as lobbyist Albert...

April Breaks Record For New Muni Volume: Rush to Refinance ARS Boosts Borrowing.
May 1, 2008... April was the busiest on record for new-issue muni market volume, as issuers took advantage of improving yields to refinance their auction-rate securities. Issuers borrowed $43.8 billion in the month of April through 946 issues, according...

Mixed Forward-Float Findings From IRS.
May 1, 2008... WASHINGTON -- The Internal Revenue Service has concluded audits of two 1992 bond transactions involving forward-float agreements that the agency claimed were purchased below fair market value, making the bonds taxable arbitrage bonds. In a...

Derivatives: Markit Group Plans Muni CDS Index.
May 1, 2008... The demand for contracts used to bet on municipal defaults may soon grow larger with the creation of an index which will be used to track the market for municipal credit protection. Markit Group said earlier this week that it will create...

Munis Unchanged as FOMC Lowers Funds Rate.
May 1, 2008... The municipal market was unchanged to slightly firmer yesterday, as the Federal Open Market Committee lowered the federal funds rate target 25 basis points to 2%. "There's some firmness in the market, but it hasn't been reflected so much...

Correction.(Correction notice)
May 1, 2008... Yesterday's story about a proposed Oklahoma bond issue included an incorrect figure in a quote from state bond adviser James Joseph. Oklahoma's debt service on state tax-supported debt for fiscal 2008 was $197 million. (c) 2008 The Bond...

Elmhurst Memorial Sets $363M For Chicago-Area Construction.
May 1, 2008... CHICAGO -- Hit with a round of downgrades because of the added debt burden, Elmhurst Memorial Healthcare will enter the market beginning next week with $363 million of mostly new-money bonds to help finance construction of a replacement...

Oppenheimer Closes Detroit-Based Public Finance Office.
May 1, 2008... CHICAGO -- Struggling in a competitive market and after cutting more than half of its staff in late December, Oppenheimer & Co. closed its 10-year-old Detroit-based public finance office at the end of March, according to several sources. ...

Transportation: FTA OKs $159M for Dulles Rail Project, But Remaining $900M Is Still in Limbo.
May 1, 2008... The Federal Transit Administration yesterday gave final design approval and $158.7 million of federal funding to the $5 billion Dulles Metrorail extension project, citing a "substantially improved" proposal, FTA officials said. But the...

California Legislative Committee Shoots Down P3 Bill Along Party Lines.
May 1, 2008... SAN FRANCISCO -- California lawmakers killed Gov. Arnold Schwarzenegger's public-private partnership bill in a party-line committee vote this week. AB 2600 was designed to create a broad authority for the state government to enter into...

No Plans for N.Y. MTA to Sell Bonds Against Hudson Yards Lease, But Option Remains.
May 1, 2008... New York's Metropolitan Transportation Authority doesn't plan to sell bonds against a lease of Hudson Rail Yards to Tishman Speyer Properties LP, but the option will remain on the table, chief financial officer Gary Dellaverson said yesterday...

Trends in the Region: Florida's Alligator Alley Draws Attention of P3 Concessionaires.
May 1, 2008... BRADENTON, FLA. -- In what is perhaps a sign of the economic downturn and a slowdown in public-private partnerships in other states, numerous domestic and international firms have shown interest in leasing a 78-mile-long toll road in South...

Southeast Invisible Supply.
May 1, 2008... Approval Underwriter Expected Issuer and purpose Amount* status choice sale date ALABAMA Birmingham Jefferson convention rev. bonds $600 P 2008 FLORIDA Miami-Dade aviation bonds $600 P Banc of America June...

FLORIDA: Sarasota's $300M Stimulus.
May 1, 2008... Voters in Sarasota County on Tuesday will consider $300 million of revenue bonds as part of a program to fast-track infrastructure projects and jump-start the local economy. The county is seeking permission to securitize a one-cent sales...

GEORGIA: Ronald Brown Dies.
May 1, 2008... Atlanta Life Financial Group chief executive officer Ronald Brown died Tuesday of complications following surgery, his firm announced. He was 55. It is with profound sadness that we announce the passing of our friend and colleague, Ron...

LOUISIANA: Offshoot District Eyes $100M.
May 1, 2008... Trustees of the new Central Community school system, which split off from the East Baton Rouge Parish school district last year, have proposed a $100 million bond issue supported by increases in the parish sales tax and property tax. ...

LOUISIANA: Election Tab Pared Down.
May 1, 2008... The Evangeline Parish School District paid only $1,461 to hold a failed bond election in October 2007, not the $31,000 that superintendent Toni Hamilton originally said the election cost. Hamilton told the school board last week that she...

MISSISSIPPI: Rainy-Day Readiness.
May 1, 2008... Gov. Haley Barbour Tuesday signed legislation that fully fills Mississippis rainy-day fund for the first time in nearly a decade. The working cash stabilization fund, as the rainy-day fund is officially known, will contain $378 million at...

NORTH CAROLINA: Wake Weighs School Needs.
May 1, 2008... Wake County officials continue to try to decide the best way to handle its growing school capital needs, including going to voters next fall with a bond referendum. An exact amount has not been determined. In North Carolina, counties issue...

Visible Supply by State.
May 1, 2008... Apr. 30, 2008 Apr. 23, 2008 State Issues Amount Issues Amount Chg in Amt Alabama 0 $0 2 $54,415,000 -$54,415,000 Florida 8 989,295,000 4 763,400,000 225,895,000 Georgia 0 0 1 14,500,000 -14,500,000 ...

Plain/Insured GO Yield Curves for Apr. 29, 2008*.
May 1, 2008... State Ratings One-Year Five-Year 10-Year 30-Year Virginia Aaa/AAA/AAA 1.77 / 1.80 3.01 / 3.15 3.69 / 3.84 4.63 / 4.76 North Carolina Aaa/AAA/AAA 1.77 / 1.78 3.02 / 3.13 3.70 / 3.84 4.63 / 4.76 South Carolina...

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

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

Negotiated Bond Offerings.
May 1, 2008... Tentative dates for negotiated sales of $1 million or more. ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of April 28 Alhambra USD CA COPs...

Municipal Bond Activities.
May 1, 2008... May 1-2 The Council of Infrastructure Financing Authorities will hold its 20th Annual Federal Policy Conference at the Westin Washington, D.C., City Center Hotel. The conference will focus on federal policy developments related...

In Brief: FOMC Lowers Fed Funds Rate 25 Basis Points to 2%.
May 1, 2008... The Federal Open Market Committee yesterday decided to lower its target for the federal funds rate 25 basis points to 2%. Recent information indicates that economic activity remains weak, household and business spending has been subdued,...

In Brief: Advance First-Quarter GDP Rises at 0.6% Annual Rate.
May 1, 2008... WASHINGTON -- The U.S. first-quarter real gross domestic product report shows steady growth albeit at a slow pace, but the details are consistent with further slowdown. First-quarter real GDP posted a 0.6% rise, the same pace as in the...

In Brief: Employment Cost Index Climbs 0.7% in 1st Quarter.
May 1, 2008... The U.S. first-quarter employment cost index rose 0.7% for overall compensation costs to civilian workers, the Labor Department reported yesterday. Economists polled by IFR Markets predicted a 0.8% rise in the index. (c) 2008 The Bond...

In Brief: Chicago PMI Inches Up To 48.3 in April.
May 1, 2008... The Chicago Purchasing Managers' Business Barometer rose to a still contractionary 48.3 in April from 48.2 in March, the National Association of Purchasing Management-Chicago said yesterday. Economists polled by IFR Markets predicted a 47.5...

In Brief: Treasury to Auction $15B 10-Yrs, $6B 30-Yrs.
May 1, 2008... The Treasury Department yesterday announced it will sell $15 billion of 10-year notes on May 7, followed by $6 billion of 29-year, nine-month notes on May 8. Treasury also said it will start selling a 52-week bill every month, with the...

Long-Term Bond Sales: January - April.
May 1, 2008... 2008 2007 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $128,967,200 3,352 $141,071,400 3,953 -8.6 % January 20,026,800 753 31,213,800 852 -35.8 February 21,291,900 761 32,028,500...

New-Issue Volume Notes.
May 1, 2008... The new-issue volume tables are based on information compiled by The Bond Buyer from Thomson Financial's database on Wednesday, April 30, 2008. All figures are preliminary and subject to revision. Long-term bonds have final stated...

Bond Sales by State: January - April.
May 1, 2008... 2008 2007 Volume Volume Percentage State Rank (000s) Rank (000s) Change Alabama 34 $598,600 27 $1,558,500 -61.6 % Alaska 47 183,900 39 617,000 -70.2 Arizona 10 3,111,400 16 2,749,200 +13.2 Arkansas 43...

Long-Term Bond Sales: April.
May 1, 2008... 2008 2007 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $43,774,000 946 $33,540,700 1,039 +30.5 % Development 301,800 20 402,900 39 -25.1 Education 10,171,100 338...

Largest Issues: April 2008.
May 1, 2008... Amount Issuer Date $2,276.6 Connecticut (State), GOs (TAX) Apr 16 1,750.0 California (State), GOs (TAX/TE) (NM/ref) Apr 10 735.0 Puerto Rico (Commonwealth), GOs (ref) Apr 28 709.1 Main Street Natural Gas Inc., Ga....

Market Indicators.
May 1, 2008... Dollar amounts are in millions Day's 2008 2008 Daily Yesterday Change High Date Low Date Municipal Bond Index 109-25 +8/32 114-09 (1/15) 101-31 (2/29) 40 Average Dollar Price...

Short-Term Tax-Exempt Yields.
May 1, 2008... Apr 30, 2008 Apr 29, 2008 May 2, 2007 Selected MIG-1/SP-1+ Notes California Rans 4s (June 08) 1.85 1.90 3.80 Los Angeles Co Trans 4.50s (June 08) 1.85 1.90 3.80 Puerto Rico Trans 4.25s (Jul 08) 1.85 1.90 n.a. ...

U.S. Securities Prices.
May 1, 2008... Prices as of 3 p.m. ET. Source: GovPx (ICAP plc) Treasury Bills Yesterday's Prev. Day's Yesterday's (in percent of discount) Bid/Offer Bid/Offer Bid Yield 1M - 5/29/2008 1.165/155 1.128/118...

Municipal Market Data General Obligation Yields.
May 1, 2008... Aaa Aaa (pure) (ins) Aa A Baa 2009 1.80 1.93 1.89 2.26 2.88 2013 3.01 3.20 3.10 3.54 4.18 2018 3.69 3.89 3.79 4.20 4.82 2023 4.17 4.37 4.27 4.63 5.15 2028 4.44 4.62 4.53 4.89 5.40 2033 4.56 4.73 4.65...

New-Issue Balances.
May 1, 2008... (,000 Omitted) *Since initial reoffering +Revised upward since last report Amount Date NEW OFFERINGS Sold Balance $59,870 4/29 Virginia Pub. Sch. Auth. $59,870 All Sold 34,000 4/29 Kent Co., Mich. 35,000 All Sold ...

One-Year Note Index.
May 1, 2008... 2008 Apr 30 1.92% 23 1.69 16 1.56 9 1.54 2 1.58 Mar 26 1.67 19 1.77 12 2.07 5 2.25 Feb 27 2.27 20 2.09 13 1.02 6 1.27 Jan 30 1.89 23 2.08...

Reoffering Yields.
May 1, 2008... NRO - Not Reoffered; S.B. - Sealed Bid; SNA - Sold, Not Available Offer Amount Date ($Mil) RECENT OFFERINGS 1 Year 5 10 15 20 25 30 Aaa - AAA (Pure) 4/24 21.7 Wildwood, N.J. 2.20 3.10 3.85 NRO NRO...... ...

Municipal Bond Index.
May 1, 2008... Current Day Previous Day Week Ago Month Ago Year Ago The Bond Buyer Municipal Bond Index 109-25 109-17 109-24 106-19 115-25 Wednesday, April 30, 2008 Maturity Par Call Dollar Conversion Converted Date Date Price Factor Price...

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

Municipal Bond Index Update.
May 1, 2008... The list of bonds used to calculate the Municipal Bond Index was revised after the April 30 pricing. The new coefficient is 1.0127. It was derived by dividing the April 30 index (109.790444) by the average converted price of the new set of...

New York Commission Recommends Consolidating IDAs.
May 1, 2008... A New York commission yesterday recommended that the state's 116 industrial development agencies be consolidated so that no county would have more than one. The Commission on Local Government Efficiency and Competitiveness released a...

Trends In The Region: Orange County Slowdown: Toll Roads See Year-Over-Year Decline.
May 2, 2008... SAN FRANCISCO -- The Foothill/Eastern Transportation Corridor Agency in Orange County, Calif., is starting to experience year-over-year declines in traffic and revenue numbers. Foothill/Eastern was constructed in the early 1990s...

N.Y.C. Mayor Cuts Capital Spending: Part of $59.1B Fiscal 2009 Budget Plan.
May 2, 2008... Faced with a downturn on Wall Street and a slowing real estate market, New York City Mayor Michael Bloomberg yesterday announced a 20% cut in city-funded capital spending over the next five years as part of his $59.1 billion executive budget...

SEC Officials Say Rule 2a-7 Changes Possible.(Conference notes)
May 2, 2008... WASHINGTON -- The Securities and Exchange Commission staff is considering whether to remove any explicit references to "nationally recognized statistical rating organizations" from its money market fund and other rules, top SEC officials said...

Fast-Growing ETFs Total Over $1B.
May 2, 2008... In the supermarket of investment products, municipal exchange-traded funds are a relatively new brand label, but have been steadily gaining attention and experiencing noticeable growth of assets and trading volume since their debut in fall 2007...

'Exceptionally Quiet' Munis Largely Flat.
May 2, 2008... The municipal market was unchanged to slightly firmer yesterday. Traders said tax-exempt yields were lower by as much as one or two basis points in spots, but largely flat. "It seems to be exceptionally quiet," a trader in Los Angeles...

In Brief: Jobless Claims Rise 35,000 To 380,000 in April 26 Week.
May 2, 2008... WASHINGTON -- Initial claims for state unemployment benefits retraced a large decline in the prior week, rising 35,000 to 380,000 in the April 26 week, while continuing claims broke the three million mark for the first time in four years, the...

In Brief: Personal Income Up 0.3%; Core PCE Gains 0.2%.
May 2, 2008... WASHINGTON -- March personal income printed up 0.3%, personal consumption expenditures rose 0.4%, and PCE core prices gained 0.2% for a 2.1% increase over the year. The data show real spending turned negative in December and merely eked...

In Brief: Construction Spending Falls 1.1% to $1.124 Trillion.
May 2, 2008... Spending on construction projects fell 1.1% to a seasonally adjusted annual rate of $1.124 trillion in March as private construction decreased 1.7% and public construction grew 0.6%, according to Commerce Department figures released yesterday....

In Brief: ISM Index at 48.6 in April, Unchanged From March.
May 2, 2008... The overall economy grew for the 78th straight month, while the manufacturing sector remained in contraction for the third month, the Institute for Supply Management reported yesterday. According to ISM's monthly report on business, the ISM...

Nebraska Methodist Health System Readies $210M of Revenue Bonds.
May 2, 2008... CHICAGO -- Nebraska Methodist Health System plans to enter the market next week with $210 million of revenue bonds in a transaction that will finance a new women's hospital in a fast-growing section of Omaha as well as restructure a large chunk...

Long Live Rock 'n' Roll? Arizona Lawmakers OK Theme Park District.
May 2, 2008... DALLAS -- The Arizona House passed a measure on Wednesday to allow the creation of a special regional taxing district that could issue up to $750 million of revenue bonds to finance a rock 'n' roll-themed amusement park between Phoenix and...

Illinois Senate Measure That Would Allow Recall of Governor Barely Defeated.
May 2, 2008... CHICAGO -- The Illinois Senate narrowly rejected a measure yesterday to put on the November ballot a constitutional amendment to allow for a voter recall of elected officials - an effort aimed at Gov. Rod Blagojevich amid an ongoing federal...

Regulation: IRS Arbitrage Data Requests Concern Some Bond Lawyers.
May 2, 2008... The Internal Revenue Service has asked about 200 private-activity bond issuers to provide information within three weeks about their compliance with arbitrage rebate computations and payments, prompting some bond lawyers to worry about the...

Massachusetts Pushes $7B; Special Assessments Shelved.
May 2, 2008... Massachusetts lawmakers continue to move forward on bond bills totaling $7 billion to help finance higher education, affordable housing, and public building improvements while committee members shelved an initiative to allow special assessment...

Florida's Citizens Adds Co-Managers To Deal as It Awaits MBIA Earnings.
May 2, 2008... BRADENTON, FLA. -- Florida's Citizens Property Insurance Corp. board of governors yesterday added four co-managers to their upcoming sale of between $1.5 billion and $2 billion of fixed-rate debt, but pricing the deal is not expected to occur...

Independent Analyst Says San Diego Must Address Long-Term Budget Woes.
May 2, 2008... SAN FRANCISCO -- San Diego independent budget analyst Andrea Tevlin said the City Council and Mayor Jerry Sanders need to address a long-term budget deficit and to avoid "a continual erosion" of city services. "The city is facing a...

Yields: Most of The Bond Buyer's Indexes Decline in Light Activity.
May 2, 2008... Most of The Bond Buyer's weekly yield indexes declined this week, as tax-exempt yields declined slightly in most of the week's sessions. Activity was light for much of the week, ahead of Wednesday's monetary policy decision from the...

Money Market Funds: Outflows Hit $5.09B, Assets Dip to $489.6B.
May 2, 2008... Tax-exempt money market funds lost $5.09 billion during the week ending April 28, causing total assets to fall to $489.6 billion, according to the Money Fund Report, a service of imoneynet.com of Westborough, Mass. The outflows were...

Far West Invisible Supply.
May 2, 2008... Approval Underwriter Expected Issuer and purpose Amount* status choice sale date ALASKA State pension bonds $5,000 P summer CALIFORNIA State GOs $1,000 P June LADWP power revs $950 P 2008 ...

CALIFORNIA: Dems Find Fault on Prisons.
May 2, 2008... A year after California lawmakers authorized more than $7 billion of lease-revenue bonds to add prison beds, five Senate Democrats criticized Gov. Arnold Schwarzenegger for failing to implement the plan and make it mesh with a federal receivers...

CALIFORNIA: CalPERS CEO Exits.
May 2, 2008... The chief executive officer of the nations largest public pension fund announced plans to retire this week, while denying that it has anything to do with friction with the board of the California Public Employees Retirement System. Media...

CALIFORNIA: Governor Opposes Prop. 98.
May 2, 2008... California Gov. Arnold Schwarzenegger said Friday that he is opposing Proposition 98, one of two eminent domain-related measures appearing on the states June ballot. Backers of the ballot measure say it is a response to the U.S. Supreme...

CALIFORNIA: Voters Nix Hospital Debt.
May 2, 2008... Voters in Stanislaus County turned down the Oak Valley Hospital Districts latest bond request. The districts $27 million general obligation bond measure failed Tuesday. It was supported by more than 65% of the voters, but still fell short...

CALIFORNIA: Bay Park Bonds on Ballot.
May 2, 2008... The East Bay Regional Park District, which serves Alameda and Contra Costa counties, plans to ask voters to approve $500 million of general obligation bonds in November. The districts board has until June to decide the exact details of the...

CALIFORNIA: Sanders v. Aguirre?
May 2, 2008... San Diego Mayor Jerry Sanders may sue city attorney Michael Aguirre to push through a $103 million bond deal that would fund streets, sidewalks, and other infrastructure in the states second-largest city, a Sanders spokesman said Wednesday. ...

Visible Supply by State.
May 2, 2008... May 1, 2008 April 24, 2008 State Issues Amount Issues Amount Chg in Amt Alaska 0 $0 0 $0 $0 California 24 2,822,530,000 17 1,867,505,000 955,025,000 Hawaii 0 0 0 0 0 Idaho 0 0 0 0 0 Montana...

Plain/Insured GO Yield Curves for April 30, 2008*.
May 2, 2008... State Ratings One-Year Five-Year 10-Year 30-Year Oregon Aa2/AA/AA- 1.85 / 1.85 3.12 / 3.13 3.80 / 3.81 4.68 / 4.69 Alaska Aa2/AA/AA 1.85 / 1.85 3.13 / 3.17 3.81 / 3.86 4.72 / 4.77 Nevada Aa1/AA+/AA+ 1.85 / 1.85...

Competitive Bond Offerings.
May 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.
May 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.
May 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 Friday, May 2 Alhambra USD CA COPs...

Rating Changes.
May 2, 2008... ISSUER AMOUNT CHANGE BOND ($000S) TO FROM NAME COMMENTS Alvarado Independent School District, Tex., general obligation bonds n.a. A-plus A-minus S&P Significant property tax base expansion, sound reserves....

Market Indicators.
May 2, 2008... Dollar amounts are in millions Day's 2008 2008 Daily Yesterday Change High Date Low Date Municipal Bond Index 110-00 +7/32 114-09 (1/15) 101-31 (2/29) 40 Average Dollar Price...

Short-Term Tax-Exempt Yields.
May 2, 2008... May 1, 2008 Apr 30, 2008 May 3, 2007 Selected MIG-1/SP-1+ Notes California Rans 4s (June 08) 1.80 1.85 3.75 Los Angeles Co Trans 4.50s (June 08) 1.80 1.85 3.75 Puerto Rico Trans 4.25s (Jul 08) 1.85 1.85 n.a. ...

U.S. Securities Prices.
May 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 - 5/29/2008 1.188/178 1.165/155...

Municipal Market Data General Obligation Yields.
May 2, 2008... Aaa Aaa (pure) (ins) Aa A Baa 2009 1.80 1.93 1.89 2.26 2.88 2013 3.00 3.19 3.09 3.53 4.17 2018 3.67 3.87 3.77 4.18 4.77 2023 4.15 4.35 4.25 4.60 5.12 2028 4.41 4.59 4.50 4.86 5.37 2033 4.54 4.71 4.63...

Bond Buyer indexes.
May 2, 2008... Average Municipal Bond Yields Compiled Weekly 2008 MAY 1 4.63 4.56 5.07 3.75 4.49 APR 24 4.68 4.59 5.10 3.84 4.56 17 4.62 4.53 5.06 3.72 4.51 10 4.61 4.53 5.04 3.53 4.32 3 4.90 4.82 5.18...

Weekly Yields of 20-Bond GO Index and Treasury Securities.
May 2, 2008... Latest Previous Year 12-Month Week Week Ago High Low 20-Bond Index 4.63 4.68 4.25 5.11 4.15 10-Year Treasury Note 3.75 3.84 4.67 5.22 3.36 30-Year Treasury Bond 4.49 4.56 4.84 5.30 4.22 Basis Pt Spread to...

The Credit Calendar.(Calendar)
May 2, 2008... MONDAY, May 5 The Treasury will auction $22 billion of 91-day bills and $21 billion of 182-day discount bills. The 91-day bills are dated May 8 and due Aug. 7, and the 182-day bills are dated May 8 and due Nov. 6. Currently, there are...