Investments

The Bond Buyer's weekly yield indexes were mixed the week ended Feb. 28.

Inflows to municipal bond mutual funds ticked up this week to $324 million, making it eight consecutive weeks in the red.

Long-term municipal bond issuance hit the brakes in February, as issuers floated 22% less in volume last month than they did over the same period in 2012.

Congressional staffers and finance experts speaking at the American Association of State Highway and Transportation Officials Washington Briefing said the outlook for highway funding is more uncertain than ever, while two transport-oriented lawmakers vowed to work across the aisle to make sure state and local officials have federal support.

Tax-exempt money market funds saw modest inflows as they reversed the recent outflow pattern.

Voters on March 5 will select three new trustees for a seven-person Los Angeles Community College District board in a district that has been riddled with controversy.

Assured Guaranty Ltd. reported quarterly profits and announced that it plans to begin writing policies with its new municipal-only insurer, Municipal Assurance Corp., later this year.

CALIFORNIA

ALASKA

Two Democrats in the Senate who influence transportation policy have introduced legislation to create the American Infrastructure Investment Fund, a $10 billion infrastructure bank.

Moody's Investors Service announced Wednesday that it has changed its outlook for the airport sector to stable from negative, where it had been since August 2008.

Kentucky Gov. Steve Beshear has signed House Bill 7, which allows the state's public universities to issue $363.3 million of own bonds secured by specific fees to fulfill pent-up capital needs.

CALIFORNIA

ALABAMA

The University of Wisconsin Hospitals and Clinics Authority hits the market Wednesday with a $263 million sale that will nearly double its modest debt levels to help finance a five-year $670 million capital program that includes a new off-campus facility.

With low interest rates, stagnant supply, and anticipated regulations, the market for variable rate demand obligations is in decline.

Scales tracking the municipal market may forecast lower yields across most of the spectrum of the curve Tuesday, but the scene for retail investors is a quiet one.

Moody's Investors Service has placed $354 million of outstanding debt from 40 issuers on review, direction uncertain, due to lack of information.

The long-term care credit market has stabilized, writes Jon Barasch of Interactive Data Corp. in this commentary.

The Illinois Finance Authority board advanced a handful of small direct or private placements for an array of not-for-profits.