Investments

Investor demand for tax-exempt money market funds withered, as the industry registered another $475.3 million in outflows.

Table as of: 07/24/2013 10:58 AM Invisible Supply Issuer and purpose Amount

ARKANSAS

CALIFORNIA

U.S. Transportation Secretary Anthony Foxx said his office is trying to make sure that money authorized for the Transportation Infrastructure Finance and Innovation Act program is being quickly loaned out for projects, though experts said the process could be improved.

Many large managers of municipal bond funds with Detroit paper said they haven't heard any panic from their investing clients since the city filed for bankruptcy and many of their funds have lost value.

Kentucky is selling $207.7 million of Garvees to partially fund its $1.3 billion bridge project known as the "Downtown Crossing" because it traverses Louisville.

Gonzaga University postponed a $47.5 million taxable revenue bond deal saying it plans to wait for market conditions to firm.

CONNECTICUT

ILLINOIS

To keep the Highway Trust Fund solvent in 2015, Congress would need to eliminate highway and mass transit spending from the fund, raise taxes on motor fuels by about 10 cents/gallon or transfer about $15 billion from the general fund, a Congressional Budget Office official told lawmakers Tuesday.

IOWA

ALABAMA

The Obama administration said on Monday that the president will veto the fiscal 2013 appropriations bill for the Departments of Transportation and Housing and Urban Development pending in the House if it is enacted in its current form because of cuts to bond-related and other programs.

Pima Community College expects to be debt-free a year from now, but Arizona's second largest community college district is fighting to maintain its accreditation.

Table as of: 07/19/2013 11:10 AM Invisible Supply Issuer and purpose Amount

MASSACHUSETTS

ALABAMA

Volume in the new-issue market this week will slow to $5.54 billion, down from the robust pace of last week when municipals weakened under heavy supply.

Detroit bankruptcy, substantial outflows, heavy calendar, Ben Bernanke, economic indicators -- the municipal market had a wealth of drivers vying for influence on yields this week.