Investments

ALABAMASaraland (City)Feb 17, 2010 . . . . . . $11,300,000

Muriel Siebert likes municipal bonds.

The river of new money flowing into municipal bond mutual funds shows no sign of subsiding, rebounding the past two weeks after a brief dip at the beginning of the month.

With nearly $7 billion expected in the primary market this week, market participants said appetite for the flood of new issues is expected to be dictated by the pricing and structure of the deals.

FLORIDAInland Protection Financing CorporationFeb 17, 2010 . . . . . . $36,115,000

ALABAMAHeadland (City)Feb 3, 2010 . . . . . . $2,815,000

Of all the risks facing owners of Build America Bonds, a spike in interest rates is one of the most alarming. Cumberland Advisors thinks it has found a way to neutralize this risk. The Vineland, N.J.-based firm is sympathetic to clients who are buffeted on both sides.

Nearly all of The Bond Buyer's weekly yield indexes increased this holiday-shortened week, as the municipal market mostly cheapened.

Following decreasing outflows last week, tax-exempt money market funds saw losses grow to $3.88 billion for the week ending Feb. 15 as they finished at $381.56 billion, according to the Money Fund Report, a service of iMoneyNet.com.

CALIFORNIAEl Dorado Irrigation DistrictFeb 16, 2010 . . . . . . $14,755,000

CALIFORNIASanta Ana Unified School DistrictFeb 17, 2010 . . . . . . $9,000,000

ARKANSASConway (City)Feb 4, 2010 . . . . . . $13,100,000

ARKANSASParagould School District No. 1 of Greene CountyFeb 16, 2010 . . . . . . $10,505,000

ARIZONAQueen Creek Unified School District No. 95Feb 11, 2010 . . . . . . $8,735,000

Illinois and the Los Angeles Unified School District will share the limelight this week with each bringing a billion-dollar deal to market.

Near-zero yields on safe havens continue to feed municipal bond mutual funds.

A handful of states raised income tax rates last year — particularly on the wealthy — as tax receipts suffered a historic plunge.

Fees levied by special business districts on Arizona state university land could be used to support bonds for athletic facilities under a bill introduced by Rep. Warde Nichols, R-Gilbert.

ALASKAFairbanks North Star BoroughFeb 10, 2010 . . . . . . $17,480,000

ALABAMADekalb Jackson Water Supply DistrictFeb 8, 2010 . . . . . . $6,765,000