Public finance

Munis exercised a run-of-the-mill pattern this week as tax-exempts followed the broader rally in Treasuries at a lag.

Tax-free money market funds are back in positive territory this week after regaining nearly all of what they lost last week.

ARKANSASParis School District No. 7 of Logan CountySep 7, 2011 . . . . . . $1,570,000

ARIZONAPima County Industrial Development AuthoritySep 7, 2011 . . . . . . $33,120,000

Municipal bond yields are at or near all-time lows, but it's no thanks to muni mutual funds.

ILLINOISGalesburg (City)Sep 6, 2011 . . . . . . $4,665,000

IOWAIowa Falls (City)Sep 6, 2011 . . . . . . $4,200,000

Table as of: 09/06/2011 17:34 PM Invisible Supply Issuer and purpose Amount* Approval

NEW YORKHolland Patent Central School DistrictSep 2, 2011 . . . . . . $815,175

ARIZONAYuma County Jail DistrictSep 1, 2011 . . . . . . $8,000,000

Despite a Labor Day holiday-shortened week, the municipal market could see new issuance almost double from last week.

ARKANSASCutter-Morning Star School District No. 21 of Garland CountySep 1, 2011 . . . . . . $1,975,000

ALABAMADale County Water AuthoritySep 1, 2011 . . . . . . $1,660,000

Outflows continued among tax-exempt money market funds this week as investors withdrew $1.72 billion and total net assets declined to $295.25 billion in the week ended Aug. 29, according to the Money Fund Report, a service of iMoneyNet.com.

Municipal investors were on the sidelines this week, perplexed and uncertain about what their next move should be.

ARKANSASFouke School District No. 15 of Miller CountyAug 30, 2011 . . . . . . $3,765,000

CALIFORNIACalifornia Infrastructure and Economic Development BankAug 31, 2011 . . . . . . $9,825,000

ARKANSASFouke School District No. 15 of Miller CountyAug 30, 2011 . . . . . . $2,275,000

COLORADOBasalt Sanitation DistrictAug 29, 2011 . . . . . . $2,460,000

Every bond has its season. In the current environment of ultra-low rates and a steep municipal yield curve, the sun is shining on premium bonds.