Public finance

ARKANSASFayetteville School District No. 1 of Washington CountyJun 11, 2009 . . . . . . $8,950,000

ALABAMAStevenson Utilities BoardJun 10, 2009 . . . . . . $3,360,000

Mitchell Savader’s job is to stay one step ahead of the rating agencies.

The Bond Buyer’s yield indexes climbed this week as tax-exempt yields edged higher against a large new-issue calendar and a weakening Treasury market.

The municipal bond market grew in the first quarter at a slower pace than in pre-crisis years as the industry coped with a severe recession and life without bond insurance.

Reversing the trend of the last two weeks, tax-free money market funds gained $228.3 million and settled at $465.89 billion in total assets for the week ending June 8, according to the Money Fund Report, a service of iMoneyNet.com.

ALABAMAClay County Board of EducationJun 9, 2009 . . . . . . $6,220,000

ARIZONADysart Unified School District No. 89Jun 10, 2009 . . . . . . $6,340,000

ARKANSASCleveland County School DistrictJun 9, 2009 . . . . . . $320,000

MINNESOTAFinlayson (City)Jun 8, 2009 . . . . . . $445,000

High-quality municipal bonds do not default. That has been the paradigm for several decades.

IOWADes Moines Area Community CollegeJun 8, 2009 . . . . . . $4,550,000

ARIZONAFowler Elementary School District No. 45Jun 5, 2009 . . . . . . $4,500,000

INDIANABargersville Community Fire Protection DistrictJun 3, 2009 . . . . . . $2,750,000

CALIFORNIALos Angeles County Metropolitan Transportation AuthorityJun 4, 2009 . . . . . . $245,825,000

Investors continued shoveling rare quantities of cash into municipal bond mutual funds last week.

A pair of deals, one several billion dollars and one nearly a billion, will share the spotlight in the primary market this week as an estimated $11.4 billion in total new-issue volume is expected, according to The Bond Buyer and Ipreo LLC. The mammoth offerings will almost double last week's volume, which was revised to $6.6 billion, according to Thomson Reuters.

ARKANSASGreenwood School District No. 25 of Sebastian CountyJun 4, 2009 . . . . . . $23,570,000

ARIZONAFlorence Unified School District No. 1Jun 4, 2009 . . . . . . $6,000,000

Cash flowed out of tax-free money market funds for the second week in a row, declining by a whopping $3.36 billion and settling at $465.66 billion in total assets for the week ending June 1, according to the Money Fund Report, a service of iMoneyNet.com of Westborough, Mass.