Public finance

ALABAMACentreville Water Works And Sewer BoardOct 18, 2011 . . . . . . $4,140,000

Proposals to limit the tax-exemption on municipal bonds get short shrift from the majority of market participants, but some state and local government experts on Tuesday seemed resigned to the notion that tax-reform efforts will inevitably do just that.

IOWAJohnston (City)Oct 17, 2011 . . . . . . $8,570,000

CALIFORNIACalifornia Statewide Communities Development AuthorityOct 17, 2011 . . . . . . $2,000,000

Market participants are still grappling with the pros and cons of the growing direct purchase sector for tax-exempt bonds.

ARKANSASSalem Water Users Association Public Water AuthorityOct 14, 2011 . . . . . . $14,640,000

Table as of: 10/18/2011 12:07 PM Invisible Supply Issuer and purpose Amount

CHICAGO - A weak real estate market continues to plague the long-troubled senior living sector, though providers have enjoyed some stabilization in the last year, Standard & Poor's said in a new report.

For all the talk of credit issues driving the municipal bond market this year, only a minority of participants actually cite it as a top determinant.

Though municipal yields are rising across the curve from September's record lows, issuers are bringing more debt to market. A total of $6.68 billion is expected in the primary this week, up from last week's revised $4.49 billion.

ARKANSASStephens School District No. 13 of Ouachita CountyOct 13, 2011 . . . . . . $925,230

ARIZONAPage (City)Oct 12, 2011 . . . . . . $11,730,000

The sell-off over the past two weeks has brought municipal bond prices to levels that, apparently, are more acceptable to investors. Consequently, muni bond mutual funds saw inflows, after a week of outflows.

Reversing a five-week trend of outflows, tax-exempt money market funds gained $2.09 billion and finished the week ending Oct. 10 with $290.61 billion in total net assets, according to the Money Fund Report, a service of iMoneyNet.com.

Municipal bond yields ratcheted up more quickly the last three weeks than any other period in 2011. But instead of worrying the market, alienated investors are happy to see yields finally returning to attractive levels.

ARKANSASDardanelle School District No. 15 of Yell CountyOct 12, 2011 . . . . . . $6,995,000

ARKANSASPulaski County Public Facilities BoardOct 12, 2011 . . . . . . $5,655,000

U.S. public finance downgrades at Fitch Ratings in the second quarter were at their highest level in eight years, according to a recent new report from the agency.

ARKANSASBryant School District No. 25 of Saline CountyOct 11, 2011 . . . . . . $2,550,000

CALIFORNIACalifornia Infrastructure and Economic Development BankOct 11, 2011 . . . . . . $64,925,000