Public finance

Nearly all The Bond Buyer's weekly yield indexes rose this week as weakness inside of 20 years on the municipal yield curve persisted through Wednesday, before subsiding yesterday.

Tax-exempt money market funds recouped some of the outflows they suffered for the week ending April 5, as total assets rose $2.103 billion to $369.44 billion, according to the Money Fund Report, a service of iMoneyNet.com.

ARKANSASBrookland School District No. 14 of Craighead CountyApr 7, 2010 . . . . . . $5,865,000

CALIFORNIAEastern Municipal Water District Community Facilities District No. 2006-52 (Nelson)Apr 6, 2010 . . . . . . $1,690,000

Table as of: 04/07/2010 17:03 PM Invisible Supply Issuer and purpose Amount* Approval

Bank of America Merrill Lynch will pay New Jersey $4.87 million and repurchase auction-rate securities sold to investors in a settlement agreement over alleged misinformation regarding the floating-rate securities.

Mitchell Savader traveled to Philadelphia yesterday to deliver a reality check. Numerous newspapers and magazines, including Barron's and the New York Times, have run eye-popping headlines in the past few weeks.

ARKANSASVilonia School District No. 17 of Faulkner CountyApr 6, 2010 . . . . . . $8,950,000

ARKANSASConway County Regional Water Distribution DistrictApr 6, 2010 . . . . . . $3,185,000

Last week, investors did something they have not done in well more than a year: withdrew more money from municipal bond mutual funds than they put in.

The jury is still out among investors on how the municipal bond market will respond during the transition phase of the recalibration of tens of thousands of muni credits to a global rating scale by Fitch Ratings and Moody’s Investors Service.

IOWAWest Burlington Independent School DistrictApr 5, 2010 . . . . . . $3,420,000

ALABAMAIrondale (City)Apr 1, 2010 . . . . . . $5,935,000

Table as of: 04/06/2010 17:03 PM Invisible Supply Issuer and purpose Amount* Approval

Fitch Ratings lifted its rating on more than 38,000 municipal bond issues yesterday under a systematic overhaul of the way it assigns grades to the credit quality of state and local governments.

ARKANSASClarendon School District No. 6Apr 1, 2010 . . . . . . $1,215,000

ARIZONAMaricopa County Community College DistrictMar 31, 2010 . . . . . . $31,280,000

A handful of reasonably sized deals will head to market this week while many municipal participants continue to be on hiatus due to religious and spring break holidays.

In another week of hefty outflows from money market funds, investors withdrew $2.74 billion out of their tax-exempt accounts, leaving behind $367.33 billion in total assets for the week ending March 29, according to the Money Fund Report, a service of iMoneyNet.com.

ARKANSASSpringdale School District No. 50 of Washington CountyMar 31, 2010 . . . . . . $12,275,000