Public finance

NEW JERSEYAlloway TownshipJan 7, 2011 . . . . . . $114,000

CALIFORNIADublin San Ramon Services DistrictJan 6, 2011 . . . . . . $35,620,000

Investors kept pulling their cash from municipal bond mutual funds at a record pace last week as frightened money continued to flee the market.

The Northeast will be a focal point of activity this week when the New Jersey Economic Development Authority and the New York City Transitional Finance Authority team up to bring the first two meaty deals of the new year to market.

CONNECTICUTNew Milford (Town)Jan 6, 2011 . . . . . . $10,800,000

KANSASHarvey County Public Building CommissionDec 13, 2010 . . . . . . $460,000

After a wild fourth quarter rife with technical pressures and ­illiquidity, it turns out municipals mostly may have simply been obeying their old master: ­Treasuries.

The Bond Buyer’s weekly yield indexes rose this week in light to moderate secondary trading as activity slowly began to creep back into the market after a holiday lull.

Tax-exempt money market funds started the New Year on a positive note, amassing $3.66 billion in new cash to end the week ending Jan. 3 with $332.16 billion.

CONNECTICUTConnecticut Regional School District No. 18Jan 5, 2011 . . . . . . $5,000,000

COLORADOPublic Finance AuthorityJan 4, 2011 . . . . . . $8,375,000

Table as of: 01/05/2011 15:05 PM Invisible Supply Issuer and purpose Amount* Approval

No sooner did Build America Bonds become orphaned than they caught fire.

CALIFORNIACalifornia Enterprise Development AuthorityDec 29, 2010 . . . . . . $37,200,000

KANSASAshland (City)Jan 3, 2011 . . . . . . $250,000

Table as of: 01/03/2011 15:44 PM Invisible Supply Issuer and purpose Amount* Approval

CALIFORNIACalifornia Enterprise Development AuthorityDec 29, 2010 . . . . . . $30,000,000

CALIFORNIACalifornia Enterprise Development AuthorityDec 30, 2010 . . . . . . $45,000,000

Municipalities will continue their hiatus from borrowing money this week as they are once again slated to sell a meager amount of new debt.

Municipal bond mutual funds coughed up more cash last week as investors continue to take their money out of state and local government debt funds at a record pace.