Public finance

The Bond Buyer's weekly indexes reflected a bit of selling pressure this week, which traders attributed to general uncertainty caused by the political gridlock in Washington.

ARKANSASHampton School District No. 1 of Calhoun CountyJul 27, 2011 . . . . . . $625,000

ALABAMARussell County Public Building AuthorityJul 27, 2011 . . . . . . $3,775,000

CONNECTICUTBranford (Town)Jul 26, 2011 . . . . . . $2,975,000

ALABAMAMobile Airport AuthorityJul 26, 2011 . . . . . . $7,655,000

Table as of: 07/26/2011 16:24 PM Invisible Supply

KANSASEudora (City)Jul 25, 2011 . . . . . . $800,000

CALIFORNIASan Rafael (City)Jul 25, 2011 . . . . . . $6,000,000

Table as of: 07/22/2011 14:00 PM Invisible Supply Issuer and purpose Amount* Approval

MASSACHUSETTSFalmouth (Town)Jul 22, 2011 . . . . . . $2,530,000

CALIFORNIAHighland City Community Facilities District No. 2001-1Jul 21, 2011 . . . . . . $5,355,000

With Congress facing an Aug. 2 deadline to raise the federal debt ceiling and the threat of a U.S. default looming, municipal market professionals are concerned about possible long-term credit affects stemming from the would-be solution crafted by Republicans and the White House to resolve the deficit crisis.

The municipal market can expect $4.12 billion of new issuance this week, about half of last week’s $8.32 billion.

Table as of: 07/21/2011 16:13 PM Invisible Supply Issuer and purpose Amount* Approval

CALIFORNIALos Angeles (City)Jul 21, 2011 . . . . . . $259,660,000

ALABAMAHeadland (City)Jul 21, 2011 . . . . . . $2,005,000

Municipal bonds followed up a particularly strong week of new deals with inflows.

Anyone not convinced the municipal market has returned to a state of health need look no further than The Bond Buyer's weekly indexes.

Tax-exempt money market funds saw an end to their short-lived period of inflows as $797.9 million fled the sector and total net assets declined to $303.27 billion in the week ended July 18, according to the Money Fund Report, a service of iMoneyNet.com.

CONNECTICUTConnecticut Regional School District No. 10Jul 20, 2011 . . . . . . $4,500,000