Investments

The tax-exempt money market sector saw a moderate decrease in cash in the week ended June 18 as $801.2 million exited the funds and total net assets settled at $271.40 billion, according to the Money Fund Report, a service of iMoneyNet.com.

After amassing $555 million of inflows for the week ended June 20, muni bond mutual funds that report their flows weekly have now seen inflows for 10 consecutive weeks.

Morningstar, Inc. will soon enter the municipal bond research business. It plans to offer credit quality and price discovery products and services on the municipal market to registered reps, asset managers, banks and insurance firms likely over the next three months.

With the final step in the federal environmental review process completed this week, the $2.6 billion Ohio River Bridges Project will allow Kentucky and Indiana to award construction contracts before the end of the year and the spans will serve to ease congestion across the Ohio River, said U.S. Transportation Secretary Ray LaHood.

Table as of: 06/20/2012 13:46 PM Invisible Supply Issuer and purpose Amount

ARIZONA

CALIFORNIA

The U.S. Department of Transportation has released $10 million under its TIGER grant program to modernize the infrastructure and warehouse facilities at the Hunts Point Terminal Market in New York City’s Bronx borough.

A 39% plunge in the median net worth of U.S. families is a credit negative for state and local governments and higher education, Moody's Investors Service stated.

Chicago Blue Line Renewal & City Bike Share, Ill., $20 million I-95 HOT Lanes, Northern Va., $20 million State Route 91 Corridor Improvements, Calif., $20 million South Jersey Port Rail Improvements, N.J., $18.50 million LYNX Blue Line Capacity Expansion, N.C., $18 million Sellwood Bridge Replacement, Ore., $17.7 million Port of Long Beach Rail Realignment, Calif., $17 million Port of New Orleans Rail Yard Improvements, La., $16.7 million

DALLAS — Moody’s Investors Service will keep the Aaa rating of Texas’ Alamo Community College District on negative outlook because of its exposure to a weakened U.S. credit profile, the agency said.

Despite a downgrade to Ba1 by Moody’s Investors Service, the Temple University Health System saw strong demand for $311 million of revenue and refunding bonds issued through the Philadelphia Hospitals and Higher Education Facilities Authority.

The popular federal TIGER grant program for major transportation projects would be axed if Republicans get their way.

ARIZONA

ALABAMA

MASSACHUSETTS

INDIANA

Additional regulation of money-market mutual funds could increase short-term borrowing costs for state and local governments, leading municipalities to raise taxes or cut spending on infrastructure and other critical projects, according to a paper released Monday by a Georgetown University professor.

More Puerto Rico bonds are coming to market on Tuesday in a $78 million sale of higher education revenue debt and revenue refunding bonds.

INDIANA