Public finance

The National Conference of State Legislatures is urging Congress to take action on several issues, including transporation funding, tax-exempt financing of water infrastructure, the federal deficit and online sales taxes.

ILLINOIS

COLORADO

INDIANA

ALABAMA

The New Jersey Transportation Trust Fund Authority will test the primary market this week with an $850 million long-term financing, part of an increasing slate of new offerings.

The federal government's attempt to block bankrupt American Airlines' merger with US Airways Group Inc. could have a "marginally positive" impact on U.S. airports, Fitch Ratings said in a report.

Hunts Point Terminal Produce Market received a $10 million federal TIGER grant from the U.S. Department of Transportation for freight rail improvements.

The judge overseeing American Airlines' bankruptcy put confirmation of the carrier's restructuring plan on hold after the federal government moved to block its merger with US Airways Group.

Table as of: 08/15/2013 11:49 AM Invisible Supply Issuer and purpose Amount

ILLINOIS

CALIFORNIA

The Bond Buyer's weekly yield indexes increased the week ended August 15 amid gains in the Treasury market.

As the municipal market continues its struggles at the long end of the yield curve, investor demand remains tepid, as muni bond mutual funds that report flows weekly recorded outflows of $1.21 billion.

Academy Securities, an investment bank founded by military veterans to employ veterans in finance, brought in an inaugural class of summer interns who are both college students and veterans of the wars in Iraq and Afghanistan.

Congress should establish a national infrastructure bank and offset the appropriation for it with revenue from a one-time repatriation tax holiday, the Brookings Institution urged in a report released Thursday.

Tax-exempt money market funds had $1.02 billion in outflows, cutting total net assets to $266.94 billion for the week ended Aug. 12, as losses resumed after the biggest inflow in more than a year the previous week.

Sales of municipal bonds in the Far West region grew by almost 11% during the first half of 2013 compared to a year earlier as low rates continued to drive volume.

The credit ratings of 15 California transit agencies are on review for downgrade by Moody's Investors Service because the Obama administration is challenging changes to state pension law.

ARKANSAS