Public finance

IOWA

ALABAMA

IDAHO

ALABAMA

The municipal market can expect another middling week of new issuance. Estimates hold that anticipated volume for the week should reach $7.64 billion.

Standard & Poor's downgraded local and state governments more than it upgraded them in the third quarter 2012, but did the opposite with public utilities.

Airports will continue to remain at risk for credit downgrades until passenger enplanements reach consistent growth of 3%, far above the flat-to-negative trajectory Moody's Investors Service expects.

Municipal bond mutual funds saw inflows for the 27th consecutive week. Funds that report their flows weekly recorded inflows of $621 million for the week ended Oct. 17.

ARKANSAS

ALABAMA

WASHINGTON — Mileage-based systems could yield revenues between three and eight times higher than the gas taxes currently used to maintain the public road system and back bonds, the Congressional Budget Office found.

As a veteran with 26 years of experience in munis, Guggenheim Partners' Jim Pass talks about investment strategy, political risk, and what he's seeing in the market.

The municipal bond market adopted a slightly weaker tone this week. Muni indexes mostly followed tax-exempt and Treasury yields higher.

Two weeks of gains among tax-exempt money market funds were washed away this week as $2.49 billion escaped and total net assets decreased to $267.42 billion in the week ended Oct. 15, according to The Money Fund Report, a service of iMoneyNet.com.

Table as of: 10/17/2012 15:25 PM Invisible Supply Issuer and purpose Amount

ARKANSAS

ALASKA

PortMiami's "Deep Dredge" harbor project will be mostly financed with bonds to ready the port for the Panama Canal expansion in early 2015. Miami-Dade County will pick up the federal costs to get the project done.

BondDesk Group LLC gave its chairman Howard Edelstein the added role of chief executive officer today.

Spanish infrastructure investment giant Cintra will be the private partner on a more than $1 billion public-private partnership to develop the Route 460 Corridor project in southeastern Virginia, sources said.