Investments

Essential service, health care, housing, and transportation offerings will dominate the primary market as issuers look to finance a variety of utility needs, hospital facilities, and road and housing projects in a week when new volume is pegged at $7.37 billion, according to Ipreo LLC and The Bond Buyer.

The stream of money flowing into municipal bond mutual funds picked up a little last week, but investors continue to cash out of short-term funds even past tax season.

ALABAMAMontgomery Water Works and Sanitary Sewer BoardApr 28, 2010 . . . . . . $30,330,000

ARKANSASBentonville School District No. 6 of Benton CountyApr 29, 2010 . . . . . . $131,565,000

Nearly all of The Bond Buyer’s weekly yield indexes declined this week amid a light new-issue calendar and somewhat lackadaisical interest in the secondary.

Tax-exempt money market fund outflows ebbed by nearly $1 billion this week, but still saw $4.44 billion pour out of the market as funds settled with $358.65 billion in total assets for the week ending April 26, according to the Money Fund Report, a service of iMoneyNet.com.

IDAHOJefferson County Joint School District No. 251Apr 28, 2010 . . . . . . $25,000,000

ALABAMACity of Double SpringsApr 28, 2010 . . . . . . $2,000,000

CHICAGO — While Illinois is still behind in aid payments to its public universities, the rating risk posed by the state’s liquidity problems eased a bit yesterday when Moody’s Investors Service confirmed the ratings of seven of eight public schools and took them off negative watch.

CALIFORNIADiablo Water DistrictApr 27, 2010 . . . . . . $4,200,000

ILLINOISQuincy (City)Apr 27, 2010 . . . . . . $1,552,000

ILLINOISAddison Community High School District Number 88Apr 26, 2010 . . . . . . $5,220,000

INDIANAGreenfield-Central Multi-School Building CorporationApr 23, 2010 . . . . . . $21,910,000

California’s general obligation bonds have caught fire since Moody’s Investors Service and Fitch Ratings slapped higher ratings on the state’s credit earlier this month.

MISSOURISt. Peters (City)Apr 22, 2010 . . . . . . $2,520,000

ALABAMACity of DaphneApr 19, 2010 . . . . . . $2,035,000

Table as of: 04/26/2010 11:25 AM Invisible Supply Issuer and purpose Amount* Approval

Wherever the money’s going, it’s not going to municipal bond mutual funds.

Volume will be noticeably lighter and smaller-sized offerings will take the spotlight this week in lieu of the meatier deals that have dominated primary activity recently.

CALIFORNIAKern County Board of EducationApr 22, 2010 . . . . . . $7,700,000