Public finance

Municipal bond mutual funds recorded their fifth straight week of inflows, and their 62nd week of positive flows in the past 66 weeks.

The Municipal Bond Club of New York announced its new officers for the coming year.

Many in the municipal market saw this week as the right time to dump inventory and dive into what is one of the last large calendars of the year.

An agitated U.S. Secretary of Transportation reiterated the Obama administration's support for high-speed rail investment, and fought vigorously to defend the controversial and partly bond-funded $68 billion bullet train initiative in California.

Total net assets among tax-exempt money market funds saw cash generation again this week, accumulating $757.5 million, which was more than last week's inflows.

CONNECTICUT

CALIFORNIA

Indiana floated a request for interest for firms looking to partner with the state on a new section of Interstate 69, which is the latest in a series of P3 transportation projects the state has undertaken.

U.S. Transportation Secretary Ray LaHood may be sticking around at least a bit longer, according to the newly minted chairman of next Congress' House Committee on Transportation and Infrastructure.

ARKANSAS

ARIZONA

Table as of: 12/04/2012 17:15 PM Invisible Supply Issuer and purpose Amount

For 2013 Fitch Ratings has more negative than positive outlooks on state and tax-supported local governments.

The week's largest deals have arrived to give the municipal market a year-end feel. As expected, investors are feeding at the new-issue trough and largely ignoring the secondary.

With an eye on growing its public finance business, New York City-based broker-dealer Lebenthal & Co. LLC has hired William Ludolph to head its municipal underwriting efforts.

A quiet trading session precedes a hefty primary calendar in the municipal market Tuesday.

Table as of: 12/03/2012 09:53 AM Invisible Supply Issuer and purpose Amount

ILLINOIS

ARIZONA

Transportation experts and lobbyists believe anointed House Committee on Transportation and Infrastructure Chairman Bill Shuster will make financing issue a bigger focus than the man he will replace.