Public finance

The municipal market has seen falling yields, lighter supply and tightening credit spreads of late.

Though tax-exempt money market funds saw cash exit this week, the loss is relatively manageable given the heavy flows in the last two weeks.

A federal loan program for water infrastructure projects is close to reality after getting a push from Sen. Barbara Boxer, D-Calif., at a Senate Environment and Public Works Committee hearing Thursday.

Newport Beach, Calif.-based Mischler Financial Group, Inc., a Service Disabled Veterans Business Enterprise, announced that it plans to contribute 10% of the firm’s November profits to the Wounded Warrior Project.

ILLINOIS

ALABAMA

The credit quality for most municipal issuers who were affected by Hurricane Sandy is likely to remain unchanged, despite late debt service payments by four of them, according to a new report by Moody's Investors Service.

The board of the Metropolitan Washington Airports Authority voted Wednesday to increase rates on the Dulles Toll Road, calling it necessary to finance part of the mostly bond-funded and highly controversial Silver Line rail extension to Dulles International Airport.

ARKANSAS

CALIFORNIA

Moody's Investors Service says that the higher education sector was recently blessed with a credit positive but that the sector will experience mixed credit conditions in the next few years.

Frederick "Bud" Wright is expected to become the new executive director of the American Association of State Highway and Transportation Officers early next year, sources said Tuesday.

The federal government should both exempt private activity bonds from the alternative minimum tax and create a national public-private partnership office to help state and local governments put deals together according to Brookings Institution reports issued Tuesday.

IOWA

ALABAMA

Municipals marked a day of rest following a torrid week of buying and record-setting yields as the bond markets closed for Veterans Day. Industry watchers said they were optimistic about investor demand and the overall state of the market.

The municipal market earned a day of rest after its torrid week of buying and record-setting yields. While the bond markets are closed for Veterans Day, industry watchers are optimistic about investor demand and the overall state of the market.

The municipal market, glad to mark the end to election-related uncertainty and hurricane-generated disruption, still has yet to reach seasonal average volumes. This week's calendar should total $7.61 billion.

California's non-partisan Legislative Analyst said the state's use of public-private partnerships has fallen short by using unclear processes and picking unsuitable projects.

The MSRB, to boost trade transparency, announced that the par amount of trades of less than $5 million will now be posted on the EMMA system in real time.