The market's only derivatives transaction last week featured the Salt River, Ariz., Agricultural Improvement and Power District selling $73 million of derivatives as part of a $726 million issue.

Senior manager Bear, Stearns & Co. sold floating-rate securities reset at a 35-day auction and corresponding inverse floating-rate securities.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.