Investments

The flow of cash washing into the municipal bond mutual fund industry continues to slow down, to what one important measure counts as the slowest pace since January 2009.

Volume will continue to level off from the highs of two weeks ago as $7.97 billion of municipal debt gets ready to sell this week, according to Ipreo LLC and The Bond Buyer.

ARKANSASHarrison School District No. 1 of Boone CountyOct 14, 2010 . . . . . . $4,245,000

ALABAMASylacauga (City)Oct 14, 2010 . . . . . . $5,610,000

CHICAGO — The Illinois Finance Authority board this week advanced deals to help fund projects for the University of Chicago Medical Center and DePaul University and announced the successful pooling of federal recovery zone facility bond allocations from at least 15 cities and counties for Navistar International Corp.

Most municipal analysts bristle at the claim that California will “become the next Greece.”

Nearly all The Bond Buyer’s yield indexes declined slightly during this holiday-shortened week amid moderate secondary trading activity and rising Treasury yields.

After a short-lived period of inflows last week, tax-exempt money market funds experienced $1.81 billion of outflows and settled at $330.29 billion in total net assets for the week ending Oct. 11, according to the Money Fund Report, a service of iMoneyNet.com.

ARKANSASCabot School District No. 4 of Lonoke CountyOct 13, 2010 . . . . . . $5,840,000

ALABAMAPiedmont Health Care AuthorityOct 13, 2010 . . . . . . $3,310,000

Table as of: 10/12/2010 15:40 PM Invisible Supply Issuer and purpose Amount* Approval

ARKANSASFort Smith School District No. 100 of Sebastian CountyOct 12, 2010 . . . . . . $8,000,000

ALABAMABoaz (City)Oct 8, 2010 . . . . . . $4,230,000

The municipal floating-rate note may have begun to take off at precisely the wrong time.

The University of Nebraska board of regents will vote Friday on a $56 million plan to expand its Memorial Stadium to make it more competitive with other Big 10 stadiums. The Cornhuskers join the Big Ten conference next year.

ILLINOISWestchester Park DistrictOct 7, 2010 . . . . . . $476,275

ARKANSASDecatur (City)Oct 7, 2010 . . . . . . $7,380,000

WASHINGTON — Virginia is preparing to competitively issue $168.4 million of general obligations bonds for seven universities at a time when the Pentagon’s proposal to close a major military base in the Hampton Roads area is raising concerns about the state’s credit.

More than half of the floating-rate notes sold this year have been from state-run student loan securitization pools, nearly all with Libor as the reference rate and most underwritten by Bank of America Merrill Lynch.

Early this year, the municipal floating-rate note was fast emerging as a potent tool for local governments to maintain some variable-rate component in their debt profiles.