Investments

ALABAMA

Municipal bond mutual fund inflows fell somewhat from last week's tremendous infusion, but they were still strongly in the black. Muni bond funds saw a sixth straight week of inflows, and a 10th week of them out of 11.

The municipal market has been gorging on a lot of new issuance over the past few weeks, but apparently not more than it can digest.

Tax-exempt money market funds lost $530.1 million and settled at $286.24 billion in total net assets in the week ended Nov. 14, according to the Money Fund Report, a service of iMoneyNet.com.

A new study by the Kroll Bond Rating Agency on municipal bond defaults dating back to the Great Depression casts a positive light on the muni industry, saying there will be "no material increase" in defaults over the next three to five years.

The University of Connecticut plans to issue $200 million of general obligation debt-service commitment Series 2011A new-money bonds, and $20 million of Series A refunding bonds, beginning with a two-day retail period that commences Friday.

Plans to sell $294.6 million in lease revenue bonds for the University of California via negotiation next week received a AA rating and stable outlook from Fitch Ratings on Nov. 9.

ALASKA

ALABAMA

ARKANSAS

GEORGIA

Ohio State University announced last week that it has selected seven possible partners for the school's plan to become the first public university to privatize its parking system.

Table as of: 11/14/2011 15:28 PM Invisible Supply Issuer and purpose Amount

KANSAS

CALIFORNIA

The Dormitory Authority of the State of New York plans a sale of $135 million revenue bonds under its school districts revenue bond financing program Wednesday, after a one-day retail period.

Investors this past week gave the tax-exempt market a big boost of confidence with their heaviest inflows to municipal bond mutual funds since September 2010.

Texas Sen. Kirk Watson, D-Austin, told a 10-member committee established to lay the groundwork for building a medical school in Austin that it is too early to know how much the proposal will cost.

The city that envelops it is a financial mess, but Harrisburg Area Community College had Standard & Poor's affirm its bond rating at A, with a stable outlook. "The Harrisburg name is not a taint on the credit quality of all related issuers," Janney Capital Markets said in a report.

Fitch Ratings assigned a AA to the Maine Health and Higher Educational Facilities Authority's $37.25 million of Series 2011C revenue bonds, which are expected to sell by negotiation this week.