Buy side

The Northeast region will take center stage in this week's primary market when a trio of sizable deals - led by a $467.2 million revenue sale and auction-rate conversion from the Dormitory Authority of the State of New York - is expected to be priced as part of an estimated $4.90 billion in total new-issue volume, according to Thomson Reuters.

Tax-exempt money market fund assets took another noticeable dip during the week ending Sept. 1, suffering a net decline of $6.28 billion to settle at $514.3 billion, according to the Money Fund Report, a service of iMoneyNet.com of Westborough, Mass.

Most of The Bond Buyer's weekly yield indexes declined this week, as the municipal market was largely unchanged to slightly firmer through most sessions as investors returned to work from a long weekend.

Weekly reporting municipal bond mutual funds had a net inflow of $432 million during the period ending Aug. 27, AMG Data Services reported.

A Massachusetts general obligation offering and a $1.8 billion New Jersey tax and revenue anticipation note sale will compete for investors' attention as the first two largest deals to be priced as the market bids farewell to summer and gets back to business after the Labor Day hiatus.

CHICAGO -Capital spending is expected to remain heavy across the nonprofit health care sector amid mounting financial pressures and the fallout from the collapsed auction-rate securities market, according to a pair of reports released this week by Moody's Investors Service and Standard & Poor's.

Most of The Bond Buyer's weekly yield indexes rose this week, as municipals weakened in most of the week's sessions, which saw light activity ahead of a long weekend.

Tax-exempt money market funds suffered outflows of $7.81 billion and slipped below the previous week's record high asset growth during the week ending Aug. 25, according to the Money Fund Report, a service of iMoneyNet.com of Westborough, Mass.

The primary market will see a skimpy sampling of moderately sized deals this week as new-issue volume dips to $3.09 billion, according to Thomson Reuters, and the municipal market slows to a snail's pace in the last full week of trading activity before the Labor Day hiatus.

Weekly reporting municipal bond mutual funds had a net inflow of $338 million during the period ending Aug. 20, AMG Data Services reported.

Tax-free money market funds gained inflows of just $1.30 billion during the week ending Aug. 18, but that didn't stop the asset class from setting a record for total assets for the third week in a row, increasing to $528.36 billion, according to the Money Fund Report, a service of iMoneyNet.com of Westborough, Mass.

Nearly all The Bond Buyer's weekly yield indexes declined this week, as the municipal market was firmer in most of the week's sessions, and investors digested a healthy amount of new-issue supply.

WASHINGTON - Airports and toll roads face a more uncertain future than other transportation sectors, Fitch Ratings said in a special report due out today. The agency revised its outlook for both airports and toll roads to negative from stable, and suggested the sectors may be undergoing permanent transformation.

The municipal bond team at Evergreen Investments has a new leader. The Charlotte-based asset management firm has promoted Mathew Kiselak - a veteran with more than 20 years of municipal bond experience - to head of the municipal bond group effective immediately, the firm announced yesterday.

There will be a significant and noticeable bulge in note issuance this week when a $6.4 billion Texas note deal makes its way to the municipal market amid the dog days of summer.

Despite the credit crisis there has never been a better time to invest in fixed-income products, particularly triple-A commercial mortgage-backed securities, according to ...

Weekly reporting municipal bond mutual funds had a net inflow of $237 million during the period ending Aug. 13, AMG Data Services reported.

All of The Bond Buyer's weekly yield indexes declined this week, as tax-exempt yields dropped in nearly all the week's sessions.

With a weekly gain of $5.69 billion, tax-exempt money market funds for the second week in a row set a new record for total assets, growing to $527.06 billion for the week ending Aug. 11, according to The Money Fund Report, a service of iMoneyNet.com.

In a continued effort to restore liquidity to investors who purchased auction-rate securities issued by municipal closed-end funds, two major mutual fund families are the latest to announce plans to redeem outstanding ARS by using tender-option bonds - TOBs - as a new source of leverage.