Public finance

Tax-free money market funds caught a small breather last week with their smallest outflow in a month.

Nearly all of The Bond Buyer’s weekly yield indexes fell during the seven-day period ending Thursday as firmness persisted in the municipal market.

Natalie Cohen has become the latest new hire in the burgeoning market for high-profile municipal research analysts.

CALIFORNIABurlingame Financing AuthorityAug 3, 2010 . . . . . . $9,805,000

ARKANSASGreene County Technical School District No. T-1 of Greene CountyAug 4, 2010 . . . . . . $5,140,000

BRADENTON, Fla. — Environmental sustainability. That was the main factor driving the California-based nonprofit RSF Social Finance to invest through its customized fixed-income portfolio in a municipal bond deal from the Florida Department of Environmental Protection in March.

CALIFORNIACalifornia Statewide Communities Development AuthorityJul 28, 2010 . . . . . . $7,000,000

ARKANSASSloan-Hendrix School District No 45 of Lawrence CountyAug 3, 2010 . . . . . . $1,860,000

Special assessment and tax-increment financing bonds from regions prone to property bubbles and busts are most vulnerable to the continuing weakness of the commercial real estate market, according to a Fitch Ratings report released Tuesday.

Table as of: 08/02/2010 16:03 PM Invisible Supply Issuer and purpose Amount* Approval

ALABAMAAlabama Water Pollution Control AuthorityAug 2, 2010 . . . . . . $64,750,000

ILLINOISGibson City-Melvin-Sibley Community Unit School District No. 5Jul 30, 2010 . . . . . . $6,415,000

While Build America Bonds have limited the supply of tax-exempt issuance, strong demand from retail investors is also playing a vital role in lowering issuers’ borrowing costs to historic lows.

Table as of: 07/30/2010 17:17 PM Invisible Supply Issuer and purpose Amount* Approval

NEW JERSEYSeaside Heights BoroughJul 29, 2010 . . . . . . $337,862

CALIFORNIACalifornia Municipal Finance AuthorityJul 30, 2010 . . . . . . $110,675,000

Market gains and new money from investors continued to push municipal bond mutual funds’ assets to records last week.

Minnesota will lead a modest slate of new state and local government debt issuance this week as it comes to market with a competitive $865 million general obligation deal.

ARKANSASEarle Special School District of Crittenden CountyJul 29, 2010 . . . . . . $2,160,000

ALABAMAJacksonville Water Works, Gas and Sewer BoardJul 28, 2010 . . . . . . $4,355,000