Public finance

ALABAMAFayetteville Water AuthorityJan 26, 2011 . . . . . . $1,180,000

To present a more integrated and timely view of states’ total debt obligations, Moody’s Investors Service on Thursday announced that for the first time it will combine net tax-supported debt and unfunded pension-liability figures when evaluating state ratings.

Tax-exempt money market funds experienced a second week of outflows, losing $3.18 billion, and total net assets dropped to $326.73 billion in the week ended Jan. 24 — $1.17 billion less than the previous week, according to the Money Fund Report, a service of iMoneyNet.com.

All The Bond Buyer’s weekly long-term yield indexes declined this week, as the muni market grew firmer in each session.

CALIFORNIACalifornia Health Facilities Financing AuthorityJan 26, 2011 . . . . . . $475,000,000

CONNECTICUTLitchfield (Town)Jan 26, 2011 . . . . . . $2,210,000

Investors in tax-exempt debt should be cautious about heeding recent reports about the possibility of widespread bankruptcy and default in the municipal market, and stop running away from solid, safe investments because of distorted opinions in the media.

CALIFORNIAChino Hills (City)Jan 25, 2011 . . . . . . $4,915,000

ARIZONAScottsdale (City)Jan 25, 2011 . . . . . . $22,525,000

ILLINOISTremont Area Park DistrictJan 12, 2011 . . . . . . $900,000

MINNESOTAInver Grove Heights Independent School District No. 199Jan 24, 2011 . . . . . . $6,690,000

IOWARobins (City)Jan 20, 2011 . . . . . . $3,130,000

CALIFORNIASan Francisco Airport Commission (City and County)Jan 20, 2011 . . . . . . $155,350,000

Investors established a new record for withdrawals from municipal bond mutual funds last week as headline risk continued to chase people from state and local government debt funds.

Volatility and speculation about defaults and bankruptcies in the municipal market continue to spook issuers and investors, affecting volume in the primary market.

ALABAMAAnniston Public Building AuthorityJan 20, 2011 . . . . . . $16,170,000

FLORIDAFlorida State Board of GovernorsJan 20, 2011 . . . . . . $22,145,000

The sophisticated investor in retail municipal bonds has ­remained calm the past few months even as mutual funds have dumped state and local ­government debt by the truckload.

Tax-exempt money market funds posted their first decline since mid-December as outflows of $4.35 billion trimmed total net assets to $329.91 billion for the week ended Jan. 17, according to the Money Fund Report, a service of iMoneyNet.com.

Most of The Bond Buyer’s weekly yield indexes increased this week as an earlier sell-off that pushed 30-year yields beyond the 5% threshold outweighed the rally that followed.