Markets

A nearly $2 billion taxable offering of revenue bonds for the Chicago Transit Authority may be priced in the new-issue market this week, leading an otherwise modest slate of deals as July comes to a close.

Tax-free money market funds remained in negative territory this week as they lost $4.98 billion and ended the week of July 21 with $508.49 billion in total assets, according to the Money Fund Report, a service of iMoneyNet of Westborough, Mass.

The Bond Buyer's weekly yield indexes rose this week, as the municipal market weakened in all but one of the week's sessions.

Providers of municipal bond pricing and evaluation services say they are managing to deliver accurate and transparent pricing of more than one million tax-exempt securities on a daily basis - even though the market is experiencing one of the most pronounced and prolonged periods of volatility in the last three decades.

WASHINGTON - Marking the 10th anniversary of Allegheny Health, Education, and Research Foundation's historic bankruptcy filing and payment default, Moody's Investors Service issued a report yesterday on the lessons learned from that debacle and the challenges still facing nonprofit hospitals.

A pair of issuers from Los Angeles will have starring roles in this week's primary market, which is expected to see an estimated $7.67 billion of new-issue volume, according to Thomson Reuters, compared with a revised $6.27 billion last week.

Weekly reporting municipal bond mutual funds had a net inflow of $251 million during the period ending July 16, AMG Data Services reported.

Expect to hear and read this term much more often: "covered bonds."

Tax-free money market funds had a short-lived period of positive inflows last week, and returned to negative territory this week as they lost $1.32 billion and ended the week of July 14 with $513.48 billion in total assets, according to the Money Fund Report, a service of iMoneyNet of Westborough, Mass.

The Bond Buyer's weekly yield indexes were mostly higher this week, as early week gains were washed out by losses over the past two trading sessions.