The Bond Buyer articles from October 2006

The Bond Buyer archives from October 2006

Monday.
October 2, 2006... Regions TEXAS GOV. RICK PERRY has a plan to enact sweeping budget reform, including a state spending limit and a possible constitutional amendment that would allow surplus revenue to be refunded to taxpayers. 3 Washington ...

Puerto Rico Agency Ends 10-Year Debt Hiatus.
October 2, 2006... The Puerto Rico Aqueducts and Sewers Authority has for years operated on government subsidies of about $400 million per year and hasn't been in the bond market for more than 10 years. But all that is about to change when the revamped authority...

Kentucky Case Could Raise Debt Costs.
October 2, 2006... WASHINGTON -- Municipal bond market participants could face slightly higher borrowing costs in most states if the U.S. Supreme Court agrees to resolve a Kentucky dispute and affirms a decision that taxing debt by out-of-state issuers is...

September Volume Only $24B: Down 24% From Same Time Last Year.
October 2, 2006... Despite the steady rise in new-money bond sales, total volume was only $24.0 billion last month, the quietest September for the muni market in five years, and down about 24% from the same month last year, according to Thomson Financial data....

Auction-Rate Questions: SEC's Haines Skeptical of Market Practices.
October 2, 2006... WASHINGTON -- Questioning whether "auction-rate securities" actually involve an auction or benefit issuers and investors, the SEC's municipal bond chief today pressed broker-dealers to disclose to the market that they often intervene in such...

In Brief: Personal Income Up 0.3%; Spending Gains 0.1%.
October 2, 2006... WASHINGTON -- Personal income rose 0.3% in August, the smallest increase since November 2005, and personal consumption increased 0.1%, according to Commerce Department data reported Friday. August personal income rose by $38.4 billion to...

In Brief: Poole Says Fed Should Ignore "Wishful Thinking".
October 2, 2006... Federal Reserve Bank of St. Louis president William Poole said the Federal Reserve Board needs to discount "wishful thinking" about inflation when making policy decisions. "It is all too easy to allow wishful thinking on inflation to delay...

In Brief: Chicago PMI Climbs To 62.1 in September.
October 2, 2006... The Chicago Purchasing Managers' Business Barometer jumped to 62.1 in September from 57.1 in August, the 41st month in a row that the index showed economic expansion as defined by a reading above 50.0, the National Association of Purchasing...

In Brief: NAPM-NY BCI Up to 421 From 416.8 in August.
October 2, 2006... The New York business conditions index in the National Association of Purchasing Management-New York's Report on Business increased in September to 421.0 from 416.8 in August. The report's outlook/expectations index slipped to 75.0 from...

In Brief: Consumer Confidence Gained a Bit in September.
October 2, 2006... The University of Michigan's final September consumer sentiment index reading was 85.4, compared to the preliminary reading of 84.4 and final August reading of 82.0, according to market sources. Economists polled by IFR Markets had...

Munis Unchanged; Data Matches Expectations.
October 2, 2006... The municipal market was unchanged with a weak tone Friday, as several pieces of economic data either matched or very nearly matched expectations. "There's nothing unusual about today -- it is a Friday and not much is moving," a trader in New...

Correction.(Correction notice)
October 2, 2006... Thursday's story on the effect of an upcoming court case on solid-waste credits misspelled the name of a Moody's Investors Service analyst. His name is Omar Ouzidane. (c) 2006 The Bond Buyer and SourceMedia, Inc. All rights reserved....

Texas Gov. Perry Lays Out Broad, Five-Point Plan for Budget Reform.
October 2, 2006... DALLAS -- Texas Gov. Rick Perry has a plan to enact sweeping budget reform, including a state spending limit and a possible constitutional amendment that would allow surplus revenue to be refunded to taxpayers. "I am announcing five key...

Virginia Special Session Ends in Disagreement.
October 2, 2006... WASHINGTON -- Virginia officials expressed disappointment Friday at the legislature's decision Thursday night to cut short a four-day special session to address financing billions for transportation needs across the fast-growing state. ...

Swampscott, Mass., Refunding $30M for New High School.
October 2, 2006... Swampscott, Mass., will sell nearly $30 million of general obligation debt on Thursday to refund previously issued short-term debt used to help finance the town's new high school. The competitive deal will include $19.6 million of bond...

Bush Signs Revised Rating Agency Reform Bill Into Law.
October 2, 2006... WASHINGTON -- President Bush quickly signed into law Friday the Credit Rating Agency Reform Act of 2006, which is designed to foster increased competition, transparency and accountability among credit rating agencies by establishing a...

Hospital Not Tax-Exempt, Illinois Dept. of Revenue Says.
October 2, 2006... CHICAGO -- In the first state ruling of its kind, the Illinois Department of Revenue on Friday determined that Provena Covenant Medical Center in Champaign is not exempt from property taxes. The ruling comes five years after the Champaign...

Legislation: Defense Bill With Continuing Resolution Provision Clears Congress.
October 2, 2006... The Senate last week gave final congressional approval to a $447 billion defense spending bill, which included a provision to continue funding government programs, including those that provide assistance to states and localities, at fiscal 2006...

People: IRS Names Schultz Senior Technical Adviser for Its Tax-Exempt Division.
October 2, 2006... Ronald J. Schultz has been selected as the Internal Revenue Service's senior technical adviser to the commissioner of the tax exempt and government entities division, the agency announced Thursday. Schultz, who was previously an attorney...

Legislation: Fate of Tax Extenders Likely to Be Left To Lame-Duck Congressional Session.
October 2, 2006... The fate of the qualified zone academy bond program and the optional federal deduction for state and local sales taxes was left undecided Friday as Congress prepared to depart for its election-season recess. Now nearly a year after the tax...

The Week Ahead Texas, Colorado Deals Putting $1.5B of Supply Into Market.(Calendar)
October 2, 2006... Two significantly sized transportation deals hailing from Texas and Colorado are expected to provide over $1.5 billion of new supply in the tax-exempt market this week as those states seek to finance critical infrastructure needs for...

Competitive Bond Offerings.
October 2, 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 A letter "P" signifies that a link to the POS is on the Bond Buyer Online's Competitive Bond Offering Calendar....

Competitive Note Offerings.
October 2, 2006... 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.
October 2, 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 October 2 Alaska Hsg...

Results of Negotiated Sales.
October 2, 2006... CALIFORNIA California Housing Finance Agency Sep 29, 2006 $300,000,000 Home Mortgage Revenue Bonds, 2006 Series J (book entry) (AMT) $32,790,000. Dated Oct 19, 2006. Due Aug 1, 2007 to Feb 1, 2016. First coupon Feb...

Results of Competitive Sales.
October 2, 2006... KANSAS Shawnee County Sep 28, 2006 $10,625,000 General Obligation Bonds, Series 2006B (book entry). Dated Oct 1, 2006. Due Sep 1, 2007 to 2026. Callable Sep 1, 2013 at par. Winning bid: UMB Bank, at n/a, NIC...

SEC Bars, Fines Calif.-Based Broker From Market Over Muni Bond Prices.
October 2, 2006... WASHINGTON -- The Securities and Exchange Commission has barred Robert K. Malkin, an Ojai, Calif.-based broker with Cantella & Co., from the securities markets for at least a year, and ordered him to pay a total of $175,217 and his firm $50,000...

Mutual Funds: Inflows Hit $484.61M, Highest Level in Months.
October 2, 2006... Net inflows into weekly reporting municipal bond mutual funds rose to the highest level in months, as they took in $484.61 million during the week ended Sept. 27, AMG Data Services reported. The surge marked the 10th straight week of inflows,...

Puerto Rico Aqueducts & Sewer Authority Issues.
October 2, 2006... Issue Amount* Sale Date Revenue refunding bonds, Series 1995 $400.3 Dec. 1995 Revenue refunding bonds, Series 1988 AA $28.9 Nov. 1988 Revenue bonds, Series 1988 A $400.0 Oct. 1988 Revenue refunding bonds, Series 1985 A...

Northeast Invisible Supply.
October 2, 2006... Approval Underwriter Expected Issuer and purpose Amount* status choice sale date DISTRICT Of COLUMBIA GOs $300 A 2006 MASSACHUSETTS State GOs $620 A 2006 MAINE State transportation...

Visible Supply by State.
October 2, 2006... Sept. 29, 2006 Sept. 22, 2006 State Issues Amount Issues Amount Chg in Amt Connecticut 0 $0 1 $6,190,000 -$6,190,000 Delaware 1 85,000,000 0 0 85,000,000 Maine 0 0 1 24,525,000 -24,525,000 Maryland 2...

Plain/Insured GO Yield Curves for Sept. 28, 2006*.
October 2, 2006... State Ratings One-Year Five-Year 10-Year 30-Year Delaware Aaa/AAA/AAA 3.46 / 3.46 3.47 / 3.52 3.67 / 3.72 4.17 / 4.20 Maryland Aaa/AAA/AAA 3.46 / 3.46 3.48 / 3.51 3.68 / 3.73 4.17 / 4.21 Vermont Aa1/AA+/AA+ 3.46 /...

DISTRICT OF COLUMBIA: Snelling Gets MWAA Nod.
October 2, 2006... The Senate Commerce Committee last week approved President Bush's nomination of Charles Snelling for a first full term as a member of the board of the Metropolitan Washington Airports Authority. The committee's action Wednesday evening...

DISTRICT OF COLUMBIA: Tran Approvals Expected.
October 2, 2006... The District of Columbia Council tomorrow is expected to approve two routine bond transactions that would authorize up to $350 million of tax revenue anticipation notes this fall, as well as sign off on the city's five-year, $3.2 billion...

NEW JERSEY: Revised Hospital Ratings.
October 2, 2006... Credit agencies changed the ratings for three hospitals that issue debt through the New Jersey Health Care Facilities Financing Authority. Standard & Poor's lowered the rating on $71 million of debt issued for Saint Peter's University...

NEW YORK: Hevesi's Mea Culpa.
October 2, 2006... New York Comptroller Alan G. Hevesi repaid the state $82,688 for using a state worker as a chauffer for his wife for more than three years. Hevesi originally sought permission from the State Ethics Commission to allow the state to pick up...

NEW YORK: MTA's Rail Yards Pact.
October 2, 2006... The Metropolitan Transportation Authority last week reached an agreement with New York City to bid out the sale of the largest parcel of undeveloped land in Manhattan - the Hudson Rail Yards on the far West Side. The MTA board also adopted a...

New-Issue Volume Notes.
October 2, 2006... The new-issue volume tables are based on information compiled by The Bond Buyer from Thomson Financial's database on Friday, Sept. 29, 2006. All figures are preliminary and subject to revision. Long-term bonds have final stated maturities...

Long-Term Bond Sales: January-September.
October 2, 2006... 2006 2005 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $261,632,400 8,861 $310,110,900 10,637 -15.6 % January 18,794,700 719 22,528,600 818 -16.6 February 23,867,200 852 30,794,800 1,008...

Bond Sales by State: January-September.
October 2, 2006... 2006 2005 Volume Volume Percentage State Rank ($000s) Rank ($000s) Change Alabama 30 $2,582,000 30 $2,376,800 +8.6 % Alaska 33 2,032,200 40 1,210,300 +67.9 Arizona 21 4,043,600 13 7,287,800 -44.5 Arkansas 39...

Long-Term Bond Sales: September.
October 2, 2006... 2006 2005 Volume No. of Volume No. of Pct. ($000s) Issues ($000s) Issues Chg TOTAL $23,964,400 753 $31,597,800 1,026 -24.2 % Development 563,800 24 1,575,700 34 -64.2 Education 6,810,300 231 7,085,300 291 -3.9 ...

Largest Issues: September 2006.
October 2, 2006... Amount Issuer Date $800.0 California (State), GOs (cpt) Sep 750.0 Missouri Higher Education Loan Authority, student loans (TAX) (pvt) Sep 8 694.2 Florida Gas Utility, electric power Sep 19 615.0 Springfield, Mo., electric power...

Municipal Market Data General Obligation Yields.
October 2, 2006... Aaa Aaa (pure) (ins) Aa A Baa 2007 3.46 3.50 3.50 3.56 3.72 2011 3.47 3.57 3.56 3.68 3.85 2016 3.68 3.81 3.78 3.94 4.10 2021 3.89 4.02 3.99 4.15 4.31 2026 4.02 4.14 4.12 4.27 4.43 2031 4.12 4.23 4.22 4.37 4.53...

U.S. Securities Prices.
October 2, 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 -- 10/26/2006 4.493/483 4.430/420 4.569 3M -- 12/28/2006 4.765/755...

Short-Term Tax-Exempt Yields.
October 2, 2006... Sep 29, 2006 Sep 28, 2006 Sep 30, 2005 Selected MIG-1/SP-1+ Notes California Rans 4 1/2s (June 07) 3.35 3.35 n.a. Los Angeles Co Trans 4 1/2s (June 07) 3.35 3.37 2.76 Texas Trans 4 1/2s (Aug 07) 3.50 3.35 2.98 Municipal...

Market Indicators.
October 2, 2006... Dollar amounts are in millions Day's 2006 2006 Daily Yesterday Change High Date Low Date Municipal Bond Index 115-30 +1/32 116-17 (9/25) 111-05 (7/5) 40 Average Dollar Price 104.09 +0.02 104.62 (9/25) 99.68 (7/5) ...

Placement Ratio.
October 2, 2006... No. Total Amt. Sales from Placement New New Accts. New Accts. Ratio Accts. ($000s) ($000s) (%) 2006 09/29 24 1,172,999 1,040,412 88.7 09/22 18 1,857,583 1,842,971 99.2 09/15 25 1,958,017 1,911,150 97.6 09/08 9...

Visible Supply.
October 2, 2006... Competitive Negotiated Total ($000s) ($000s) ($000s) Weekly Averages 9/29/06 2,444,005 4,204,815 6,648,820 9/22 2,704,392 3,627,394 6,331,786 9/15 3,510,693 4,111,012 7,621,705 9/8 4,181,992 2,756,005 6,937,997 ...

General Obligation Bond Prices.
October 2, 2006... For Friday, September 29, 2006 Intermediate Long-Term Bond and Ratings (Moody's/S&P's/Fitch) Dated Cpn Maturity Yield Price Prev Chg Cpn Maturity Yield Price Prev Chg STATES Alabama Series 2005A (Aa2/AA/AA) 2/1/05 3.000%...

New-Issue Balances.
October 2, 2006... (,000 Omitted) *Since initial reoffering +Revised upward since last report Amount Date NEW OFFERINGS Sold Balance $29,235 9/28 * Yuba City Unif. Sch. Dist., Calif. $17,050 $12,185 10,625 9/28 * Shawnee Co., Kan. 3,695...

Reoffering Yields.
October 2, 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 9/19 2.5 Grand Traverse Co., Mich. 3.53 3.59 3.80............ 8/24 17.0...

Municipal Market Yields.
October 2, 2006... Values at 9/29/2006 -- Basis Point Change from 9/22/2006 Aaa Aa A Baa 2007 3.49 -02 3.62 -02 3.79 -02 4.04 -02 2011 3.56 -01 3.69 -01 3.86 -01 4.10 -01 2016 3.82 -01 3.95 -01 4.12 -01 4.37 -01 2021 4.02 -02 4.15 -02 4.32...

Municipal Bond Prices.
October 2, 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...

Municipal Bond Index.
October 2, 2006... Current Day Previous Day Week Ago Month Ago Year Ago The Bond Buyer Municipal Bond Index 115-30 115-29 116-09 115-13 114-12 Friday, September 29, 2006 Maturity Par Call Dollar Conversion Converted Date Date Price Factor Price ...

Municipal Bond Index Update.
October 2, 2006... The list of bonds used to calculate the Municipal Bond Index was revised after the Sept. 29 pricing. The new coefficient is 1.0295. It was derived by dividing the Sept. 29 index (115.934679) by the average converted price of the new set of...

Seattle Readies $300M Bond Sale for Water, Wastewater, and Drainage Utility.
October 2, 2006... SAN FRANCISCO -- Seattle will sell about $300 million in revenue and refunding bonds for its combined water, drainage, and wastewater utility in two competitive deals this month. The city sells $182.8 million in bonds for its water system...

Florida Pushes Back First Tranche of Everglades Restoration Sale.
October 2, 2006... BRADENTON, Fla. -- While some work is under way on various projects in Florida's environmental restoration program called Acceler8, the complexities of the program have pushed back pricing of the first tranche of financing, which was...

Tuesday.
October 3, 2006... News CITIGROUP GLOBAL MARKETS Inc. continues to be the municipal bond market's lead underwriter through the third quarter of 2006, taking up 12.8% of the market share and managing 383 issues worth $33.34 billion, according to Thomson...

TexDOT's TTC Leads Week With $960M Deal.
October 3, 2006... DALLAS -- The Texas Transportation Commission leads the calendar this week with a $959.9 million offering of general obligation Texas Mobility Fund bonds -- a deal that comes to market just one day after today's $600 million offering of sales...

Expanding Firm Speaking Volumes: Sterne Agee Eyes National Reach.
October 3, 2006... Jimmy Fellus can speak five languages; mostly he talks bonds. While Sterne, Agee & Leach Inc.'s head of fixed-income trading is conversant in Arabic, French, Hebrew, and Spanish, he's earned his living the past 20 years speaking a dialect...

Calif. Gov. OKs Bill for Derivatives: Approves Law Giving Treasurer Authority.
October 3, 2006... SAN FRANCISCO -- A bill allowing the California State Treasurer's Office to use derivatives on future bond issues was among the measures signed by Gov. Arnold Schwarzenegger as he finished dealing with the mountain of legislation approved by...

In Brief: Construction Spending Hits $1.201 Trillion Rate.
October 3, 2006... WASHINGTON -- Spending on construction projects rose 0.3% to a seasonally adjusted annual rate of 1.201 trillion in August, as both private construction and public construction increased, according to Commerce Department figures released...

In Brief: NAR: Pending Home Sales Index Rose 4.3% in Aug.
October 3, 2006... The pending home sales index increased 4.3% to 110.1 in August from an unrevised 105.6 in July, the National Association of Realtors reported yesterday. The index, which is a leading indicator for the housing sector and based on contracts...

In Brief: Sept. ISM Manufacturing Index Falls to 52.9%.
October 3, 2006... Economic activity in the U.S. manufacturing sector slowed slightly in September, the Institute for Supply Management reported yesterday. The ISM said its purchasing managers index fell to 52.9% last month from 54.5% in August. Economists...

In Brief: Treasury to Pay Down $4B With 4-Week Bills.
October 3, 2006... WASHINGTON -- The Treasury Department said it will sell $8 billion of four-week discount bills today. The four-week, or 28-day, bills will pay down $4 billion and refund $12 billion of maturing bills. The bills have an issue date of...

In Brief: Weekly T-Bills Go At 4.765%, 4.825% Highs.
October 3, 2006... WASHINGTON -- Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 4.765% high rate, down from 4.770% last week and as the six-months incurred a 4.825% high rate, up from...

Munis Unchanged; Data Shows Little Effect.
October 3, 2006... The municipal market was unchanged yesterday, as economic data released had little impact on market movement. "There is nothing happening, I think because of the [Yom Kippur] holiday," a trader in New York said. "Nobody is willing to cut...

Massachusetts to Sell $400 Million Of GOs to Refinance Loans from '05.
October 3, 2006... Massachusetts tomorrow will sell its second refunding issue for the year, a $400 million general obligation deal that will bring the state's total refunding for the year to $580.8 million and surpass last year's GO refunding debt of $562.7...

Homeland Security: Congress OKs $5.4B for First Responders, Ports.
October 3, 2006... In a last-minute flurry of activity before recessing for the Nov. 7 elections, Congress last week approved homeland security spending legislation that would provide $3.4 billion in grants to state and local emergency first responders and a port...

People: Ex-UBS Manager Ends Retirement To Join Brother's Symmetry Partners.
October 3, 2006... Former UBS Securities LLC sales manager Robin Sweeny has come out of retirement to join her brother's firm, Symmetry Partners LLC, an investment adviser that manages or sub-advises for more than $2.5 billion of assets. Sweeny retired in...

Bond Insurers: Fitch: Tough Market Can Make for Safer Bets.
October 3, 2006... The same economic factors that have led to tightening of credit spreads and made it a tough environment for bond insurers to wrap new credits has also made some of the business on their books safer bets, according to a report published by Fitch...

Competitive Bond Offerings.
October 3, 2006... Letter F next to the issuer's name signifies the Official Notice of Sale is available on the internet! Go to www.bondbuyer.com A letter "P" signifies that a link to the POS is on the Bond Buyer Online's Competitive Bond Offering Calendar....

Competitive Note Offerings.
October 3, 2006... 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.
October 3, 2006... Tentative dates for negotiated sales of $1 million or more. ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of October 2 Alaska Hsg...

Negotiated Note Offerings.
October 3, 2006... Tentative dates for negotiated sales of $1 million or more. ISSUER ST DESCRIPTION AMOUNT ($000s) LEAD MANAGER FINANCIAL ADVISER INSURER MDY'S S&P FITCH FIRST APPEARED Week Of October 2 Kentucky...

Results of Negotiated Sales.
October 3, 2006... ALABAMA Gadsden Industrial Development Board Sep 27, 2006 $11,500,000 Weekly Variable Rate Incremental Industrial Development Revenue Bonds (Rigid Building Systems-Alabama, LLC Project), Series 2006-A (Letter of Credit Wachovia...

Results of Competitive Sales.
October 3, 2006... MASSACHUSETTS Woburn (City) Oct 2, 2006 $10,000,000 Bond Anticipation Notes (Renewals) (bank qualified). Dated Oct 6, 2006. Due Apr 6, 2007. Purchased $10,000,000.00 by Wachovia Bank, at 3.75%, plus $11,299.99,...

SEC Orders Strong Capital to Pay $2.19M for Misleading Investors.
October 3, 2006... WASHINGTON -- The Securities and Exchange Commission has ordered Strong Capital Management, a now-defunct investment advisor based in Menomonee Falls, Wis., to pay a total of almost $2.19 million to settle charges that it misled investors in...

Companion to Calif. Greenhouse Gas Bill Could Affect Public Power Credits.
October 3, 2006... SAN FRANCISCO -- A companion bill to California's landmark greenhouse gas regulation bill could have a credit impact on public power utilities. The main greenhouse gas bill, signed with great fanfare by Gov. Arnold Schwarzenegger last week...

Southwest Invisible Supply.
October 3, 2006... Approval Underwriter Expected Issuer and purpose Amount* status choice sale date ARIZONA AzDOT/Maricopa County $3,043 P negotiated 2006-20 Maricopa County CCD $951 A negotiated 2006-15 Phoenix water...

Visible Supply by State.
October 3, 2006... Oct. 2, 2006 Sept. 25, 2006 State Issues Amount Issues Amount Chg in Amt Arizona 1 $40,620,000 4 $420,615,000 -$379,995,000 Arkansas 8 25,595,000 2 28,325,000 -2,730,000 Colorado 2 620,000,000 1 32,610,000...

Plain/Insured GO Yield Curves for Sept. 29, 2006*.
October 3, 2006... State Ratings One-Year Five-Year 10-Year 30-Year Utah Aaa/AAA/AAA 3.47 / 3.48 3.51 / 3.57 3.72 / 3.81 4.19 / 4.26 Colorado NR/AA-/NR 3.48 / 3.48 3.56 / 3.54 3.78 / 3.77 4.24 / 4.23 New Mexico Aa1/AA+/NR 3.51 /...

ARIZONA: UP Nabs Naming Rights.
October 3, 2006... The Arizona Cardinals of the National Football League last week sold naming rights to their new bond-financed football stadium in Glendale to the University of Phoenix for $154.5 million over the next 20 years. The Arizona Sports and...

ARIZONA: Goodyear for the Indians.
October 3, 2006... The Goodyear City Council has unanimously approved a contract with the Cleveland Indians that calls for the baseball team to move spring training to a new bond-financed facility in the Phoenix suburb in 2010. The Indians agreed to stay at...