Public finance

New Jersey Gov. Chris Christie earlier this week remarked that if the state didn’t clean up its act it could become the next Greece.

The Bond Buyer’s weekly yield indexes were narrowly mixed this week, lagging Treasury market losses.

CALIFORNIASan Francisco (City and County) Public Utilities CommissionMay 26, 2010 . . . . . . $47,050,000

ALABAMAAuburn Waterworks BoardMay 24, 2010 . . . . . . $21,595,000

Table as of: 05/26/2010 16:13 PM Invisible Supply Issuer and purpose Amount* Approval

CALIFORNIAPiedmont Unified School DistrictMay 25, 2010 . . . . . . $14,385,000

ARIZONAPima County Industrial Development AuthorityMay 24, 2010 . . . . . . $5,725,000

Table as of: 05/25/2010 16:33 PM Invisible Supply Issuer and purpose Amount* Approval

COLORADOLongmont (City)May 24, 2010 . . . . . . $13,390,000

INDIANASouthport (City)May 18, 2010 . . . . . . $305,000

ALABAMACarroll's Creek Water AuthorityMay 20, 2010 . . . . . . $6,440,000

Many investors will set their sights on Washington this week, where the pricing of $1.1 billion of taxable general obligation Build America Bonds is expected to be a record-setting event for both the state and the market — even though overall volume is expected to dip noticeably from last week.

The municipal universe continues to shrug off the panic enveloping financial markets across the world.

CALIFORNIALos Gatos (Town)May 20, 2010 . . . . . . $15,675,000

ALABAMAPiedmont (City)May 20, 2010 . . . . . . $1,855,000

The Bond Buyer’s weekly yield indexes declined this week as the municipal market grew firmer, though it lagged a more substantial rally in the Treasury market.

Municipalities with floating-rate debt, especially those with lower bond ratings, are likely to face high costs to renew their liquidity facilities this year and next — if they can obtain them at all.

Tax-exempt money market funds lost about half of what they gained last week, dropping $283.8 million to $356.98 billion in total assets for the week ending May 17, according to the Money Fund Report, a service of iMoneyNet.com.

ARIZONAMesa (City)May 19, 2010 . . . . . . $25,000,000

ARIZONAMurphy Elementary School District No. 21May 18, 2010 . . . . . . $3,370,000