Public finance

Table as of: 06/07/2011 13:21 PM Invisible Supply Issuer and purpose Amount* Approval

ARKANSASMountain Pine School District No. 46 of Garland CountyJun 7, 2011 . . . . . . $740,000

ALABAMAMuscle Shoals Electirc BoardJun 7, 2011 . . . . . . $2,555,000

When the Build America Bond program ended there were two schools of thought. One argued that BABs would become an orphan class, with prices in the secondary market suffering from illiquidity. Another group thought there would be some scarcity value to the product and they would appreciate in value.

Table as of: 06/06/2011 15:14 PM Invisible Supply Issuer and purpose Amount* Approval

IOWAAltoona (City)Jun 6, 2011 . . . . . . $1,500,000

ALASKAKoyukuk (City)Jun 3, 2011 . . . . . . $71,715,000

NEW YORKArkport Central School DistrictJun 3, 2011 . . . . . . $5,300,000

ALABAMANorthport (City)Jun 2, 2011 . . . . . . $9,405,000

Individual investors pulled cash from municipal bond mutual funds for the 29th straight week, according to Lipper FMI. While the rate of withdrawals appeared to be slowing in early May, the pace has picked up again since then.

The municipal market can expect $4.68 billion in new issuance this week, with a half dozen deals above $250 million contributing to volume and putting the projected total around the average for the year.

Table as of: 06/02/2011 15:41 PM Invisible Supply Issuer and purpose Amount* Approval

ALABAMADecatur (City)Jun 2, 2011 . . . . . . $6,500,000

ALABAMACity of ParrishJun 2, 2011 . . . . . . $1,070,000

All of The Bond Buyer’s long-term weekly yield indexes declined this week, powered by light issuance and predictions of strong seasonal cash inflows.

Table as of: 06/01/2011 15:59 PM Invisible Supply Issuer and purpose Amount* Approval

ARKANSASDeer/Mount Judea School District No. 21Jun 1, 2011 . . . . . . $1,550,000

ILLINOISBloomington (City)Jun 1, 2011 . . . . . . $5,075,000

KENTUCKYBurgin Independent School District Finance CorporationMay 31, 2011 . . . . . . $2,345,000

ILLINOISJustice Park DistrictMay 31, 2011 . . . . . . $735,000