Public finance

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

Table as of: 05/31/2011 16:23 PM Invisible Supply Issuer and purpose Amount* Approval

Market participants say buyers will face slim pickings as they attempt to reinvest a flood of cash from called or maturing bonds during the summer reinvestment season.

Bank credit facilities used to roll over variable-rate debt have so far been up to the task of handling the initial wave of enhancements that has been expiring this year.

IOWAShell Rock (City)May 26, 2011 . . . . . . $1,300,000

ARIZONAFlorence Unified School District No. 1May 26, 2011 . . . . . . $4,895,000

Investors continue to withdraw money from municipal bond mutual funds. Muni bond funds that report their flows weekly had net outflows of $296 million in the week ended May 25, according to Lipper FMI.