Investments

ALABAMACovington County Water AuthorityAug 25, 2011 . . . . . . $7,175,000

ARKANSASWest Memphis School District No. 4 of Crittenden CountyAug 25, 2011 . . . . . . $1,820,000

Investors pulled money from municipal bond mutual funds for a fifth consecutive week.

The week ending Aug. 24 saw $148 million in outflows from muni bond funds that report their flows weekly, according to Lipper FMI.

When Treasuries run, munis jog. That's the usual trend. But this week's Bond Buyer indexes suggest the muni market backed up quite a bit more than Treasuries on concerns of diminished demand and the prospect of post-Labor Day supply.

ALABAMAAlabama Federal Aid Highway Finance AuthorityAug 23, 2011 . . . . . . $91,195,000

Table as of: 08/24/2011 16:26 PM Invisible Supply Issuer and purpose Amount* Approval

CONNECTICUTMontville (Town)Aug 24, 2011 . . . . . . $12,125,000

COLORADOBachelor Gulch Metropolitan DistrictAug 23, 2011 . . . . . . $7,175,000

Table as of: 08/23/2011 16:43 PM Invisible Supply Issuer and purpose Amount* Approval

IOWAAdel (City)Aug 22, 2011 . . . . . . $1,740,000

Moody's Investors Service last week affirmed Central College's low investment-grade underlying rating of Baa3 as it warned that a downgrade could loom due to challenges tied to thin liquidity coverage of its floating-rate debt.

CALIFORNIACalifornia Department of Water ResourcesAug 16, 2011 . . . . . . $959,565,000

IOWAAdel (City)Aug 22, 2011 . . . . . . $2,350,000

ARKANSASRose Bud School District No. 35 of White CountyAug 18, 2011 . . . . . . $5,265,000

CALIFORNIAAzusa Unified School DistrictAug 19, 2011 . . . . . . $20,285,000

Table as of: 08/19/2011 15:31 PM Invisible Supply Issuer and purpose Amount* Approval

Chapman University, a private university in Orange County is seeking approval from the California Educational Facilities Authority to issue $100 million worth of bonds to construct new buildings and improve existing facilities.

Even amid record-low muni yields, new issuance is expected to take a hit this week, with $3.65 billion of new money coming to market, down from last week’s revised $4.72 billion.

Berklee College of Music is planning a $90 million bond sale to help finance construction of a performance center, dormitory and dining hall at its main Boston campus.