Public finance

ALABAMA

The Bond Buyer's muni bond indexes were mixed in the week ending July 17.

President Obama announced a new federal effort to connect local governments with private investor partners in transportation infrastructure projects during his visit Thursday to a shuttered bridge in Delaware.

After generating historic inflows last week, tax-exempt money market fund flows returned to negative territory as they lost $1.94 billion and total net assets settled at $256.82 billion in the week

CONNECTICUT

ALABAMA

ALABAMA

CALIFORNIA

The House adopted a 10-month, $10.8 billion short-term fix for the almost insolvent Highway Trust Fund.

The 6th Circuit Court of Appeals set an accelerated two-week schedule to consider bond insurer Syncora Guarantee's appeal of a key decision in Detroit's bankruptcy case.

Chances for swift passage of a billion bailout of the highway fund rise with Obama's support of the House's temporary fix.

IOWA

ALABAMA

Janney Capital Markets is concerned that Standard & Poor's ratings for some local governments may be too high and out of step with current credit conditions.

An economic study that stresses the value of investments in transportation is part of a weeklong effort by President Obama to get a long-term highway funding bill.

Detroit's newest bondholder settlement calls for a 66% haircut for limited-tax general obligation bondholders, a deal that's severe but unsurprising given Detroit's credit, muni experts said.

ALABAMA

New-issue volume is expected to nearly double this week as a unique $1.4 billion California transportation financing leads off the activity in the primary market following last week's holiday-shortened calendar of deals.

The Army Corps of Engineers is developing policies and procedures for a pilot program of partnering with private sector investors on waterway and port projects, a top Corps official told a House subcommittee.

Syncora lost a key appeal in the Detroit bankruptcy case, giving the city continued access to crucial casino revenues.