Monday, July 16, 2007

Texas Gas Agency Leads $9 Billion of U.S. Municipal Bond Sales This Week

(Bloomberg) -- U.S. state and local governments
plan to sell $9 billion of bonds this week, led by a Texas
agency raising money to buy natural gas.

Municipal Gas Acquisition and Supply Corp. plans the
largest offering of municipal bonds this week, a $1.9 billion
sale by JPMorgan Chase & Co. that will be used to purchase gas
for utilities. The sale comes as demand for bonds has been
stoked by a rise in yields over the last two months.


Read more at Bloomberg Bonds News

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