Markets

Municipal bond mutual funds saw $43 billion in inflows in 2012, a huge increase over flow numbers from the previous two years.

Tax-exempt money market funds gave up two-thirds of the impressive gains they generated last week.

New York public health system Nassau Health Care Corp. captured an interest rate of 0.4% and saw broad investor interest Tuesday when it sold $40 million of insured revenue anticipation notes backed by future Medicaid payments.

The Austin City Council is expected to approve up to $150 million of taxable revenue bonds Thursday to build a new consolidated car rental facility and parking garage at Austin Bergstrom International Airport.

Bond insurer MBIA Inc. announced that the New York State Department of Financial Services denied a request by MBIA Insurance Corp. to make its interest payment scheduled for Tuesday.

As new-issue volume begins to build a little more momentum than last week, a two-pronged negotiated deal from the Arizona Transportation Board totaling $706.2 million will headline the activity, which includes an estimated $5.62 billion in primary issuance, according to Ipreo LLC and The Bond Buyer.

More municipal bond investors have shown an affinity for actively managed muni ETFs.

Eaton Vance wants to be an industry leader in non-transparent actively managed muni exchange-traded funds.

Inflows returned to the market for municipal bond mutual funds with a vengeance, at $1.55 billion for the week ended Jan. 9.