Public finance

Table as of: 12/11/2012 15:00 PM Invisible Supply Issuer and purpose Amount

CALIFORNIA

ARIZONA

Pension funding bonds are more likely to hurt, rather than help, the credit of the state or local government issuing them, according to a report from Moody's Investors Service.

Janney Capital Markets said in a report this week that the spreads on single family housing finance agency bonds are attractive, given reduced concerns of credit risk.

Upholding a recent downward trend that began in early 2011, the household sector continued to pare its holdings of municipal debt in the third quarter, declining by $65.9 billion, or 3.6%, to $1.75 trillion, one of its lowest levels of ownership since 2008, according to new data released last week by the Federal Reserve Board.

GEORGIA

Lumesis, Inc. has launched a new product that aims to provide municipal market professionals with easy, cost-effective access to comprehensive bond reports.

INDIANA

ALABAMA

December issuance sticks to form as the muni bond market should expect a hefty calendar this week, to the tune of an anticipated $11.61 billion of total volume.

After a difficult few years, municipal floating rate notes are regaining a foothold in the market.

ARKANSAS

CALIFORNIA

State Housing Finance Agency delinquency rates continue to rise despite an improving housing market, Moody's reports.

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.