Public finance

Kicker bonds offer unique benefits depending on whether you are a short-term or a long-term buyer. But each strategy carries its own risks.

IOWAFort Dodge Community School DistrictAug 29, 2011 . . . . . . $21,260,000

CALIFORNIABellevue Union School DistrictAug 26, 2011 . . . . . . $13,675,000

MINNESOTARed Rock Central Independent School District No. 2884Aug 26, 2011 . . . . . . $900,000

ALABAMAGlencoe (City)Aug 26, 2011 . . . . . . $3,300,000

CHICAGO — After a slow 2010, capital spending by nonprofit health care borrowers will likely remain low through 2015 amid a still-weak economy and the uncertain impact of the new federal health care law, according to Fitch Ratings.

As rating agencies seek to provide more transparency and regain accountability on how they rate credits, Standard & Poor's has issued a report stating how it will suspend ratings for U.S. public finance issuers.

The municipal market can expect to see $1.2 billion in new issuance this week, down dramatically from last week's revised $4.42 billion as the market takes a rest before Labor Day.

ALABAMACovington County Water AuthorityAug 25, 2011 . . . . . . $7,175,000

ARKANSASWest Memphis School District No. 4 of Crittenden CountyAug 25, 2011 . . . . . . $1,820,000

Investors pulled money from municipal bond mutual funds for a fifth consecutive week.

The week ending Aug. 24 saw $148 million in outflows from muni bond funds that report their flows weekly, according to Lipper FMI.

When Treasuries run, munis jog. That's the usual trend. But this week's Bond Buyer indexes suggest the muni market backed up quite a bit more than Treasuries on concerns of diminished demand and the prospect of post-Labor Day supply.

ALABAMAAlabama Federal Aid Highway Finance AuthorityAug 23, 2011 . . . . . . $91,195,000

Table as of: 08/24/2011 16:26 PM Invisible Supply Issuer and purpose Amount* Approval

CONNECTICUTMontville (Town)Aug 24, 2011 . . . . . . $12,125,000

COLORADOBachelor Gulch Metropolitan DistrictAug 23, 2011 . . . . . . $7,175,000

Table as of: 08/23/2011 16:43 PM Invisible Supply Issuer and purpose Amount* Approval

IOWAAdel (City)Aug 22, 2011 . . . . . . $1,740,000

CALIFORNIACalifornia Department of Water ResourcesAug 16, 2011 . . . . . . $959,565,000