Public finance

LOUISIANAZachary Community School District No. 1Jul 22, 2010 . . . . . . $13,280,000

ALABAMAHanceville Water Works and Sewer BoardJul 23, 2010 . . . . . . $6,155,000

Table as of: 07/23/2010 16:43 PM Invisible Supply Issuer and purpose Amount* Approval

Municipal bond mutual funds attracted another influx of new money last week as the pace of flows into the industry continued to stabilize.

The few sizable deals in the primary market this week — anchored by a $1.5 billion Texas Transportation Commission highway revenue financing — are expected to draw keen attention amid a summer supply shortage, according to underwriters and traders.

CALIFORNIASan Francisco (City and County) Public Utilities CommissionJul 22, 2010 . . . . . . $102,725,000

ARIZONALittleton Elementary School District No. 65Jul 15, 2010 . . . . . . $7,600,000

The Bond Buyer’s weekly yield indexes mostly declined this week, as a firmness permeated the market through each session.

Even as Build America Bonds continue to transform municipal finance, one thing stays constant: hedging a portfolio of muni securities remains very difficult.

Tax-exempt money market funds experienced outflows of $3.25 billion in the week ending July 19, nearly double the losses recorded the previous week, according to the Money Fund Report, a service of iMoneyNet.com.

Table as of: 07/21/2010 15:37 PM Invisible Supply Issuer and purpose Amount* Approval

ALABAMAAlabama Building Renovation Finance AuthorityJul 21, 2010 . . . . . . $26,990,000

ALABAMADallas CountyJul 21, 2010 . . . . . . $5,285,000

Table as of: 07/20/2010 15:56 PM Invisible Supply Issuer and purpose Amount* Approval

CALIFORNIABerkeley (City)Jul 20, 2010 . . . . . . $16,000,000

ALABAMACity of GenevaJul 16, 2010 . . . . . . $3,675,000

George Friedlander has rejoined Citigroup as head of municipal strategy.

IOWAWest Des Moines (City)Jul 19, 2010 . . . . . . $5,000,000

ALABAMABeulah Utilities DistrictJul 19, 2010 . . . . . . $4,145,000

Two new Standard & Poor’s indexes tracking municipal bonds launched yesterday, paving the way for Vanguard to enter the municipal exchange-traded fund business.