Investments

The municipal bond mutual fund industry shrank last week for the first time since June as investors handed over the smallest slug of new money in more than three months, with intermediate-term muni bonds absorbing the biggest hit.

After the deluge of supply last week, the municipal market will see a noticeable lull in new-issue activity this week.

ALABAMAAnniston (City)Oct 6, 2010 . . . . . . $7,440,000

ARKANSASMelbourne School District No. 20 of Izard CountyOct 6, 2010 . . . . . . $5,780,000

The Bond Buyer's weekly yield indexes were narrowly mixed this week, as fears of a supply-driven sell-off were washed away by two days of gains, spurred by refunding postponements and rallying Treasuries.

Tax-exempt money market funds ended a string of outflows as they swept up $476.9 million of new cash the week ending Oct. 4, boosting total net assets to $332.1 billion, according to the Money Fund Report, a service of iMoneyNet.com.

Table as of: 10/06/2010 13:04 PM Invisible Supply Issuer and purpose Amount* Approval

ARKANSASBrookland School District No. 14 of Craighead CountyOct 6, 2010 . . . . . . $530,000

ARIZONAPima County Industrial Development AuthorityOct 5, 2010 . . . . . . $12,800,000

Table as of: 10/05/2010 13:02 PM Invisible Supply Issuer and purpose Amount* Approval

ARKANSASPine Bluff School District No. 3 of Jefferson CountyOct 5, 2010 . . . . . . $30,665,000

ARIZONAMerrill Ranch Community Facilities District No. 1Oct 5, 2010 . . . . . . $290,500

Moody’s Investors Service revised its outlook to negative Monday and affirmed its Aa3 rating on Earlham College. The liberal arts college in Richmond has $36.4 million of direct debt, of which $26.5 million is rated by Moody’s.

ARKANSASMagnet Cove School District No. 8 of Hot Spring CountyOct 4, 2010 . . . . . . $3,465,000

CONNECTICUTConnecticut Housing Finance AuthorityOct 1, 2010 . . . . . . $75,880,000

DALLAS — Southern Methodist University will begin a multi-year capital project to build new on-campus residential facilities with proceeds from this week’s sale of $125 million of general obligation revenue bonds.

ALABAMAAnniston Water Works and Sewer BoardOct 1, 2010 . . . . . . $7,080,000

Table as of: 10/01/2010 15:33 PM Invisible Supply Issuer and purpose Amount* Approval

The first full week of the fourth quarter gets underway with $13.13 billion of new, long-term volume, which is expected to continue to re-energize a thin and sleepy primary market, according to Ipreo LLC and The Bond Buyer.

SAN FRANCISCO — The University of Oregon has been forced to plunge deeper into a special reserve fund seeded by sneaker magnate Phil Knight to cover interest payments on $200 million of debt sold to pay for one of the most expensive college basketball arenas in the country.