Public finance

The municipal market should see an uptick in primary volume this week, led by a Texas auction of $9.8 billion Rans, meet a still-robust level of demand. Potential volume should total $6.79 billion, up from total sales of $4.77 billion last week.

Moody's Investors Service is considering across-the-board and targeted downgrades in California in the aftermath of the state's recent municipal bankruptcies.

Hedge fund Bridgewater Associates, with support from the state, will construct a new headquarters in Stamford, Connecticut Gov. Dannel Malloy announced.

The Metropolitan Washington Airports Authority has opened a public comment period giving Northern Virginia residents the chance to weigh in on the authority's hotly-debated Dulles Toll Road rate increase schedule.

GEORGIA

ARKANSAS

Table as of: 08/16/2012 15:41 PM Invisible Supply Issuer and purpose Amount

After the arrival of last week's bounty, outflows of $1.61 billion left tax-exempt money market funds with $272.34 billion in total net assets for the week ended Aug. 13, according to the Money Fund Report, a service of iMoneyNet.com.

Inflows to municipal bond mutual funds slipped this past week. But they remained hearty, at $964 million of inflows from weekly reporting funds.

Creditworthiness requirements and a new debt-subordination feature are likely to shield both taxpayers and private activity bond investors under the expanded Transportation Infrastructure Finance and Innovation Act program, according to a new white paper out from infrastructure firm HNTB.

Standard & Poor's has a stable outlook on the municipal solid waste sector.

Table as of: 08/15/2012 14:16 PM Invisible Supply Issuer and purpose Amount

CONNECTICUT

ARIZONA

Individual investors like the higher payouts they have seen in long-term muni bond mutual funds, and so have been pouring more money into them in 2012 than they have in years.

Several Maryland state legislators are pushing for a constitutional amendment allowing the state to put transportation packages and their related bonds on statewide ballots.

Bond insurer Syncora Guarantee Inc. sued to challenge California measures dissolving local redevelopment agencies, saying they jeopardize bond payments and impair bondholder and insurer rights.

ARKANSAS

GEORGIA

Standard & Poor's downgrade of the United States government a year ago earlier this month has had a wide but shallow impact on municipal bonds.