Public finance

Hefty outflows from tax-exempt money market funds continued for the second week, as $3.77 billion bled out and total net assets sank to $276.92 billion in the week ended April 23, according to the Money Fund Report, a service of iMoneyNet.com.

CALIFORNIA

ARKANSAS

After two quarters of decline, public finance credit stabilized in the first quarter of 2012, Standard & Poor's reported.

Table as of: 04/24/2012 15:15 PM Invisible Supply Issuer and purpose Amount

CONNECTICUT

FLORIDA

Rumblings heard from Washington recently regarding a threat to the tax-exempt status of municipal bonds don't seem to trouble retail investors, who have increased their purchases of munis this year, mostly through mutual funds.

Table as of: 04/23/2012 10:50 AM Invisible Supply Issuer and purpose Amount

IOWA

ILLINOIS

What kinds of funds are retail investors interested in and what does it mean for the market?

Municipal portfolio managers say retail investors are turning to tax-exempt bond funds because they see them as a relatively safe harbor in stormy seas.

CALIFORNIA

ALABAMA

Investors are flush with cash, but they will have less to choose from in the municipal bond market this week.

KENTUCKY

ALABAMA

Table as of: 04/19/2012 16:52 PM Invisible Supply Issuer and purpose Amount

Over the last four years there has been an "embryonic trend" of municipal bankruptcies, in the words of Arent Fox partner David Dubrow. These include Vallejo, Calif., Central Falls, R.I., Harrisburg, Pa., and Jefferson County, Ala.