Public finance

ARKANSASAlma School District No. 30 of Crawford CountyMay 7, 2009 . . . . . . $1,030,000

ALABAMAFlorala (City)Apr 20, 2009 . . . . . . $1,485,000

The municipal market perked up this week, leaving The Bond Buyer’s yield indexes mostly lower. This comes after a period of lackluster trading that had settled in after a mid-April rally.

Tax-exempt money market funds remained in negative territory again this week as total assets declined by $646.9 million to $467.92 billion for the week ending May 4, according to the Money Fund Report, a service of iMoneyNet.com

For investors worried the U.S. Treasury might revoke its promised subsidies to Build America Bonds, Ann-Ellen Hornidge offers some free legal advice: relax.

ARIZONAMesa (City)May 6, 2009 . . . . . . $61,830,000

CALIFORNIADenair Unified School DistrictApr 30, 2009 . . . . . . $3,455,000

Fidelity Investments, Bank of America Corp. and Goldman Sachs Group manage wealth for the largest percentage of U.S. millionaires, according to a survey by Fidelity.

ARKANSASGreenbrier School District No. 47 of Faulkner CountyMay 5, 2009 . . . . . . $3,605,000

ARKANSASArkansas Development Finance AuthorityApr 27, 2009 . . . . . . $4,955,000

The Reserve Primary Fund broke the buck in September, but despite fears to the contrary, it has not broken the back of the money market fund industry. Click here to read the American Banker article.

The rush of state and local governments into the taxable bond market has prompted reports of significant savings. Just how much savings is a contentious - and complicated - question.

ILLINOISOrland Park VillageMay 4, 2009 . . . . . . $7,785,000

ARIZONAMaricopa County Industrial Development AuthorityApr 27, 2009 . . . . . . $4,000,000

OKLAHOMACleveland County Independent School District No. 2 (Moore)Apr 30, 2009 . . . . . . $28,620,000

ARIZONAMaricopa County Industrial Development AuthorityApr 30, 2009 . . . . . . $75,115,000

A trio of sizable financings from issuers in California, as well as a large Georgia offering, will be the largest deals to usher in the first full trading week of May as the primary market anticipates an estimated $5.46 billion in total new issuance this week, according to Ipreo LLC and The Bond Buyer. The issuance comes on the heels of a revised total of $3.62 billion last week, according to Thomson Reuters.

Investors handed over another fat slug of cash to municipal bond mutual funds last week as money continued to flood out of safe havens and into higher-yielding assets.

ALABAMALamar County Board of EducationApr 30, 2009 . . . . . . $3,825,000

CALIFORNIACalifornia Municipal Finance AuthorityApr 29, 2009 . . . . . . $8,895,000