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The flow of cash to municipal bond mutual funds continues to strengthen.
June 4 -
CALIFORNIAFresno CountyJun 3, 2010 . . . . . . $86,000,000
June 4 -
ALABAMATuscumbia (City)Jun 1, 2010 . . . . . . $15,750,000
June 4 -
Investors who counted on diversification to shield them from market swings learned during the financial crisis they were not as diversified as they thought.
June 3 -
The Bond Buyer’s weekly yield indexes were narrowly mixed this week, as municipals ambled around unchanged amid somewhat light secondary trading.
June 3
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Tax-exempt money market funds shed $3.91 billion in the week ending May 31, finishing with total net assets of $352.92 billion, according to the Money Fund Report, a service of iMoneyNet.com. That was a significantly steeper decline than the previous week, in which the funds saw $156.7 million of outflows and ended with $356.83 billion.
June 3 -
CALIFORNIAVentura CountyJun 2, 2010 . . . . . . $131,000,000
June 3 -
ALABAMAHouston County Cooperative DistrictMay 24, 2010 . . . . . . $7,000,000
June 3 -
WASHINGTON — Berkshire Hathaway Inc.’s Warren Buffett warned a panel investigating the causes of the financial crisis Wednesday that states and localities may face “terrible” financial distress in the next five to 10 years that in turn could lead some to look to the federal government for bailouts.
June 2 -
Municipal closed-end funds are fiddling while everyone else burns.
June 2
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Table as of: 06/01/2010 16:47 PM Invisible Supply Issuer and purpose Amount* Approval
June 2 -
CALIFORNIASanta Clara Unified School DistrictJun 1, 2010 . . . . . . $15,000,000
June 2 -
NEW JERSEYMerchantville BoroughJun 1, 2010 . . . . . . $699,611
June 2 -
Arbitration panels for the Financial Industry Regulatory Authority have ordered Citigroup to pay roughly $2.2 million to investors who lost money in one of the bank’s municipal bond arbitrage vehicles.
June 1 -
ARIZONAAvondale Elementary School District No. 44May 13, 2010 . . . . . . $5,115,000
June 1 -
On the heels of last week’s robust calendar, volume will be noticeably lighter this week as only a handful of sizable deals deliver an estimated $4 billion to the municipal market amid abbreviated trading due to the observance of yesterday’s Memorial Day holiday, according to Ipreo LLC and The Bond Buyer.
May 28 -
Municipal bond mutual funds commanded a moderate sum of new money last week as investors remained averse to risk.
May 28 -
CONNECTICUTBerlin (Town)May 27, 2010 . . . . . . $3,640,000
May 28 -
ALABAMAAndalusia Industrial Development BoardMay 24, 2010 . . . . . . $5,505,000
May 28 -
Tax-exempt money market funds saw outflows of $356.83 billion while the average, seven-day simple yield remained unchanged at 0.04% for the week ending May 24, according to the Money Fund Report, a service of iMoneyNet.com.
May 27
