Investments

In what was the first sizable inflow activity in nearly a month, tax-exempt money market funds increased by $1.94 billion as total net assets grew to $270.25 billion for the week ended Sept. 10, according to The Money Fund Report, a service of iMoneyNet.com.

Municipal bond mutual funds saw $820 million in inflows into funds that report their flows weekly for the week ended Sept. 12.

Light supply and a perceived hesitation on investors' parts conspired to hold the municipal market to only modest outperformance against Treasuries this week.

ARKANSAS

ALABAMA

The Illinois Finance Authority advanced more than $345 million in new-money and refunding issues for healthcare, higher education, and cultural institutions.

MBIA Inc. is fielding a new law suit and Assured Guaranty is seeking an additional credit rating.

At a time when states and municipalities face more than $2 trillion of unfunded pension fund liabilities, states are increasingly turning to private infrastructure investments to help close those funding gaps, experts said told treasurers meeting here this week.

Fitch Ratings announced Wednesday that uncertainties in federal transportation funding led to downgrades of GARVEES. The agency also warned against further weakening possible along the current trajectory.

Table as of: 09/11/2012 17:12 PM Invisible Supply Issuer and purpose Amount

ARKANSAS

ALABAMA

Moody's Investors Service Tuesday repeated a threat to downgrade the United States sovereign debt rating.

A new report from Loop Capital Markets concludes that airports that rely heavily on cargo shipping have been less resilient during the recession and subsequent recovery than more passenger-oriented facilities.

ILLINOIS

CALIFORNIA

Table as of: 09/10/2012 16:21 PM Invisible Supply Issuer and purpose Amount

The recent Berkshire Hathaway trade, sound technicals and a recent industry move to standardize contracts might increase interest in muni credit default swaps, which has suffered from apathy on the part of investors and a lack of price volatility to attract traders.

Moody's Investors Service on Friday downgraded Brazosport College District, Texas revenue bonds to A2 from A1 while Standard & Poor's lowered the outlook on its AA-minus rating to negative from stable.

Airports Council International-North America released a manifesto Monday, calling for the U.S. government to eliminate the alternative minimum tax on private activity bonds and provide airports with reliable funding mechanisms.