Investments

The Bond Buyer’s weekly yield indexes were narrowly mixed this week, with the municipal market remaining mostly flat as the tone varied throughout the past few sessions.

The rating agencies may be poised to give California bondholders a breather. The bond market is not.

Outflows of tax-exempt money market funds inched down to $2.17 billion and settled at $385.44 billion in total assets for the week ending Feb. 8, according to the Money Fund Report, a service of iMoneyNet.com.

CONNECTICUTNewtown (Town)Feb 10, 2010 . . . . . . $14,230,000

CALIFORNIACalifornia Municipal Finance AuthorityFeb 10, 2010 . . . . . . $13,270,000

CHICAGO — The Illinois Finance Authority this week advanced plans for $750 million of health care borrowing planned by Alexian Brothers Health System, the University of Chicago Medical Center, Palos Community Hospital, and a continuing-care community.

CHICAGO — The fiscal strain in Illinois that has led to record long bill payment delays this week prompted Moody’s Investors Service to downgrade five of eight state-supported universities that are owed $735 million by the state.

ALASKAAnchorageFeb 9, 2010 . . . . . . $120,000,000

ALABAMAArab (City)Feb 1, 2010 . . . . . . $4,035,000

Table as of: 02/09/2010 16:10 PM Invisible Supply Issuer and purpose Amount* Approval

CHICAGO — Fitch Ratings and Moody’s Investors Service are maintaining their negative outlooks on the nonprofit health care sector, warning that the industry faces a slew of pressures ranging from risks associated with variable-rate debt to the uncertainty of national health care reform and the likelihood of state and federal reimbursement cuts over the next 12 to 18 months.

Moody’s Investors Service issued a report this week warning that it remains pessimistic about airports and is keeping a negative outlook based on expectations for the next 12 to 18 months.

DALLAS — The Kansas Development Finance Authority will go to market today with the first sale from a $105 million state authorization that will partially finance a federally operated biohazard research facility, as Moody’s Investors Service lowered its outlook on the state to negative from stable.

IOWAChariton Community School DistrictFeb 8, 2010 . . . . . . $11,330,000

ILLINOISCarl Sandburg Community College District No. 518Jan 28, 2010 . . . . . . $7,895,000

In proposing to renew the Build America Bonds program, the Obama administration last week set an audacious goal: more benefit at the same cost.

CHICAGO — Purdue University in Indiana will enter the market today with $73.6 million of student fee bonds to refinance some of its variable-rate debt into a fixed-rate mode.

CONNECTICUTNew Haven (City)Feb 4, 2010 . . . . . . $9,270,000

ARIZONABeaver Creek Elementary School District No. 26Feb 5, 2010 . . . . . . $3,424,000

SAN FRANCISCO — Former public finance banker Nathan Brostrom has been promoted to executive vice president of business operations of the University of California system.