Investments

ALABAMAEast Alabama Health Care AuthorityMar 6, 2008 . . . . . . $27,015,000

Large issuers in California, New York, Texas, and Maryland will test the choppy waters of the primary market this week as part of an estimated $8.2 billion in new-issue volume expected to debut as the market continues to grapple with ongoing turmoil in the auction-rate and credit sectors.

Weekly reporting municipal bond mutual funds had a net outflow of $338 million during the period ending March, AMG Data Services reported.

Nearly all of The Bond Buyer's weekly yield indexes declined this week, fueled by a flood of investor demand that helped turn around the municipal market's period of prolonged weakness.

Tax-exempt money market funds saw positive inflows during the week ending March 3, taking in $264.6 million, after two consecutive weeks of suffering outflows, according to the Money Fund Report, a service of imoneynet.com.

KANSASWyandotte County/Kansas City Unified GovernmentMar 6, 2008 . . . . . . $300,000

ARIZONASalt River Project Agricultural Improvement and Power DistrictMar 6, 2008 . . . . . . $816,650,000

CALIFORNIAHemet Unified School DistrictMar 4, 2008 . . . . . . $40,000,000

DELAWAREDelawareMar 4, 2008 . . . . . . $45,000,000

CALIFORNIALos Angeles County Capital Asset Leasing CorporationMar 4, 2008 . . . . . . $24,670,000

COLORADOColorado School of Mines Board of TrusteesMar 3, 2008 . . . . . . $43,200,000

ILLINOISBloomingdale Park DistrictMar 3, 2008 . . . . . . $2,485,000

ARKANSASCenterton Municipal Property Owners' Improvement District No. 4. - Char-Lou EstatesFeb 13, 2008 . . . . . . $1,740,000

On the heels of a fairly lackluster February, a trio of super-sized deals will kick off March in the Texas, California, and Puerto Rico markets. An estimated $10.16 billion is expected to be priced into a relatively weak municipal market clouded by failed auction-rate transactions and the problems still facing bond insurers as a result the general contraction in liquidity.

Weekly reporting municipal bond mutual funds had a net inflow of $170 million during the period ending Feb. 27, AMG Data Services reported.

Prompted by uncertainty and volatility in the municipal market, Van Eck Global Securities last week rolled out a short-term municipal exchange-traded fund in hopes of targeting investors that are seeking shelter by staying defensive amid the recent turmoil.

IOWAKeota Community School DistrictFeb 28, 2008 . . . . . . $2,365,000

ARIZONALitchfield Elementary School District No. 79Feb 29, 2008 . . . . . . $10,000,000

Continued weakness has permeated through the municipal market over the past two weeks, leading to the second prolonged disengagement of tax-exempts from the Treasury market in the past seven months - and a dramatic rise of The Bond Buyer's weekly yield indexes.

For the second week in a row, tax-exempt money market funds suffered outflows for the week ending Feb. 25, according the Money Fund Report, a service of imoneynet.com.