Public finance

CALIFORNIALynwood Redevelopment AgencyMar 7, 2011 . . . . . . $24,140,000

CALIFORNIAOakdale Public Finance AuthorityMar 7, 2011 . . . . . . $2,550,000

KANSASJohnson County Unified School District No. 229 (Blue Valley)Mar 7, 2011 . . . . . . $32,000,000

ARIZONACartwright Elementary School District #83Mar 3, 2011 . . . . . . $16,820,000

Cash withdrawals from municipal bond mutual funds accelerated last week, proving that commitment from the retail community remains fragile even when muni bonds are doing ­better.

New volume will inch up slightly this week with several smaller financings dominating primary market activity, led by two sizeable general obligation deals in the Northeast that were priced for retail investors on Friday.

CONNECTICUTDarien (Town)Mar 3, 2011 . . . . . . $12,000,000

ALABAMAAndalusia Utilities BoardMar 3, 2011 . . . . . . $4,200,000

Municipal bonds have notched a good week as governments’ willingness to refrain from borrowing means investors with money to spend mostly have to chase existing bonds in the secondary market.

Tax-exempt money market funds declined by more than double the modest and short-lived inflows they enjoyed last week as $2.75 billion poured out and total net assets dropped to $323.03 billion for the week ended Feb. 28, according to the Money Fund Report, a service of ­iMoneyNet.com.

IOWAAlburnett CityFeb 23, 2011 . . . . . . $810,000

ALABAMAOpelika Utilities BoardMar 2, 2011 . . . . . . $21,555,000

CALIFORNIANational City Community Development CommissionFeb 28, 2011 . . . . . . $39,660,000

ILLINOISRochester Community Unit School District No. 3AMar 1, 2011 . . . . . . $10,295,000

Some banks are taking a detour around the complicated and expensive process of guaranteeing a municipal government’s bonds by just buying the bonds themselves.

According to survey results released Wednesday, when RBC Capital Markets asked 100 state and local government experts at The Bond Buyer Texas Public Finance Conference last month whether they would buy municipal bonds for their own portfolios, all 100 said yes.

IOWALe Mars Community School DistrictFeb 28, 2011 . . . . . . $7,985,000

CALIFORNIAAntelope Valley Healthcare DistrictFeb 25, 2011 . . . . . . $18,725,000

ARIZONASaddle Mountain Unified School District No. 90Feb 24, 2011 . . . . . . $10,000,000

The pressure on municipal bond mutual funds is fading rapidly as a much less panicked tone in the state and local government debt market has stemmed the exodus of cash from the industry.