Public finance

This week didn’t exactly seem like an ideal time to float a tobacco bond.

Tax-exempt money market funds lost cash for a second straight week as investors withdrew $1.77 billion, leaving $325.56 billion in total net assets for the week ending Nov. 29, according to the Money Fund Report, a service of iMoneyNet.com.

The Bond Buyer’s weekly yield indexes were mixed this week as tax-exempts erased early-week gains with Treasury-driven losses Wednesday and Thursday.

ARKANSASDeWitt School District No. 1 of Arkansas CountyDec 1, 2010 . . . . . . $5,645,000

ARKANSASUniversity of Arkansas Board of TrusteesDec 1, 2010 . . . . . . $46,360,000

Table as of: 11/30/2010 16:01 PM Invisible Supply Issuer and purpose Amount* Approval

ALABAMAAlabama Water Pollution Control AuthorityNov 30, 2010 . . . . . . $36,850,000

ARIZONAYavapai County Industrial Development AuthorityNov 30, 2010 . . . . . . $25,000,000

TENNESSEEMeigs CountyNov 29, 2010 . . . . . . $2,350,000

MISSISSIPPIPearl Public School DistrictNov 18, 2010 . . . . . . $7,210,000

Table as of: 11/24/2010 13:08 PM Invisible Supply Issuer and purpose Amount* Approval

KANSASNewton (City)Nov 23, 2010 . . . . . . $2,935,000

ALABAMABirmingham (City)Nov 24, 2010 . . . . . . $63,540,000

Issuers in the Midwest and Northeast are expected to serve up a meaty $11.27 billion of post-holiday fare in the municipal market this week, according to Ipreo LLC and The Bond Buyer, as they hope to take advantage of last week’s firmness following recent supply and pricing ­volatility.

If the Build America Bond program expires at the end of this year, long-term tax-exempt bonds could lose their latest pillar of support.

A week after the biggest weekly outflow in history, municipal bond mutual funds this week reported the third-biggest.

After two steady weeks of inflows, tax-exempt money market funds fell a modest $158.5 million to $327.33 billion in total net assets for the week ending Nov. 22, according to the Money Fund Report, a service of iMoneyNet.com.

ALASKAFairbanks North Star BoroughNov 23, 2010 . . . . . . $13,590,000

ALABAMAUniversity of West AlabamaNov 23, 2010 . . . . . . $28,900,000

Nearly all The Bond Buyer’s weekly yield indexes for long-term bonds declined during this holiday-shortened week, bouncing back from a significant sell-off that permeated the market since the start of the month.