Thursday, May 24, 2007

Tampa Bay Water, Michigan Schools to Borrow as Municipal Bond Sales Slow

(Bloomberg) -- Michigan's Southfield Public Schools
near Detroit and Florida's Tampa Bay Water are each slated to
borrow about $75 million today as bond sales by U.S. state and
local governments slow before the long Memorial Day weekend.

There are no offerings of more than $200 million scheduled,
according to data compiled by Bloomberg. Today's borrowers may
have to pay higher rates after bonds fell this week, driving
yields higher.


Read more at Bloomberg Bonds News

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