Markets

Weekly reporting municipal bond mutual funds had a net inflow of $375 million during the period ending Aug. 6, AMG Data Services reported.

Tax-exempt money market fund assets hit a record-high of $521.37 billion for the week ending Aug. 4 after adding $13.36 billion of inflows, according to the Money Fund Report, a service of iMoneyNet.com of Westborough, Mass.

Nearly all The Bond Buyer's weekly yield indexes rose this week, as losses outweighed gains in a mostly unchanged week.

As the municipal market closes the books on July, which saw $30.51 billion of long-term volume, issuers in New York, California, and New Jersey will usher in August with three of this week's largest deals as part of an estimated $4.65 billion of new-issue volume - noticeably less than last week's revised $6.56 billion total, according to Thomson Reuters.

Weekly reporting municipal bond mutual funds had a net inflow of $255 million during the period ending July 30, AMG Data Services reported.

Most of The Bond Buyer's weekly yield indexes declined this week, as tax-exempts posted gains in most of the week's sessions, riding the coattails of a strengthening Treasury market.

Although tax-exempt funds lost significantly less than last week, they still suffered another week of outflows, losing $482.3 million for the week ending July 28, according to the Money Fund Report, a service of iMoneyNet.com of Westborough, Mass.

Amid ongoing market volatility and continued pressure from the credit crisis, a total of $30.51 billion in long-term debt was sold during the month of July, making it the third weakest month so far in 2008, according to Thomson Reuters.

WASHINGTON — An effort to increase the use of covered bonds by mortgage lenders as an alternative to securitization got a concerted push Monday from regulators and the nation's biggest financial institutions.

Weekly reporting municipal bond mutual funds had a net inflow of $509 million during the period ending July 23, AMG Data Services reported.