Public finance

The Bond Buyer's weekly yield indexes increased the week ended July 25.

Three leaders of Senate committees that oversee transportation are calling for colleagues to work together to address the Highway Trust Fund shortfall that is expected to occur after the current funding law expires on Sept. 30, 2014.

Congress should consider eliminating tax exemption and privatizing infrastructure to subject it to property taxes in order to broaden the tax base, a director from the right-leaning think tank, Cato Institute, said this week.

Investor demand for tax-exempt money market funds withered, as the industry registered another $475.3 million in outflows.

Table as of: 07/24/2013 10:58 AM Invisible Supply Issuer and purpose Amount

ARKANSAS

CALIFORNIA

U.S. Transportation Secretary Anthony Foxx said his office is trying to make sure that money authorized for the Transportation Infrastructure Finance and Innovation Act program is being quickly loaned out for projects, though experts said the process could be improved.

Many large managers of municipal bond funds with Detroit paper said they haven't heard any panic from their investing clients since the city filed for bankruptcy and many of their funds have lost value.

Kentucky is selling $207.7 million of Garvees to partially fund its $1.3 billion bridge project known as the "Downtown Crossing" because it traverses Louisville.

CONNECTICUT

ILLINOIS

To keep the Highway Trust Fund solvent in 2015, Congress would need to eliminate highway and mass transit spending from the fund, raise taxes on motor fuels by about 10 cents/gallon or transfer about $15 billion from the general fund, a Congressional Budget Office official told lawmakers Tuesday.

IOWA

ALABAMA

The Obama administration said on Monday that the president will veto the fiscal 2013 appropriations bill for the Departments of Transportation and Housing and Urban Development pending in the House if it is enacted in its current form because of cuts to bond-related and other programs.

Table as of: 07/19/2013 11:10 AM Invisible Supply Issuer and purpose Amount

MASSACHUSETTS

ALABAMA

Volume in the new-issue market this week will slow to $5.54 billion, down from the robust pace of last week when municipals weakened under heavy supply.