Public finance

IOWAMilford (City)Jun 27, 2011 . . . . . . $325,000

CALIFORNIAABAG Finance Authority For Nonprofit CorporationsJun 27, 2011 . . . . . . $2,370,000

Investors unhappy with low yields but not convinced of the merit in buying lower-graded muni credits to retain cash flow might be more attracted to another simple strategy: buy longer ­paper.

MASSACHUSETTSDuxbury (Town)Jun 22, 2011 . . . . . . $2,665,000

ALABAMAAlabama Board of EducationJun 24, 2011 . . . . . . $1,920,000

Investors put municipal bond mutual fund flows back in the black this past week. High-yield muni funds continued their strong performance.

The municipal bond market will see $5.6 billion of new issuance this week, with two $1 billion dollar deals topping the charts. Issuance is down from last week's revised $5.8 billion, according to Thomson Reuters.

Table as of: 06/23/2011 15:43 PM Invisible Supply Issuer and purpose Amount* Approval

ARKANSASBauxite School District No. 14 of Saline CountyJun 23, 2011 . . . . . . $4,945,000

ALABAMAOzark (City)Jun 23, 2011 . . . . . . $4,425,000

WASHINGTON - Amid a lackluster housing market, additional downgrades of military base projects and budgetary uncertainty, adjustment was the theme Thursday at The Bond Buyer's sixth annual military housing privatization conference.

Tax-exempt money market funds continued to bleed cash as investors withdrew $972.6 million and total net assets declined to $306.73 billion in the week ended June 20, according to the Money Fund Report, a service of iMoneyNet.com.

CALIFORNIATorrance (City)Jun 22, 2011 . . . . . . $38,000,000

CALIFORNIACalifornia Infrastructure and Economic Development BankJun 21, 2011 . . . . . . $150,000,000

CALIFORNIADenair Unified School DistrictJun 21, 2011 . . . . . . $3,455,004

Table as of: 06/21/2011 15:54 PM Invisible Supply Issuer and purpose Amount* Approval

CONNECTICUTHartford County Metropolitan DistrictJun 21, 2011 . . . . . . $35,600,000

Corporate turnaround firms are known for rescuing companies on the brink of collapse in corporate America and on Wall Street, but lately some of them say they are putting more time and energy toward helping distressed state and local governments.

Bondholders, rating agencies and financial advisers may have never heard of the city of Portent Falls, but that's because it is the fictional municipality whose contentious bankruptcy case will be the focus of a free workshop aimed at bringing the financial, legal and negotiating issues of a major muni restructuring to light.

BRADENTON, Fla. — The fiscal distress in Jefferson County has elicited renewed calls from a financial analyst for investors to be cautious when buying debt sold by issuers from Alabama.