Public finance

Investors poured money into municipal bond mutual funds last week for the first time in nearly four months, possibly stanching a bloodletting that began in September.

INDIANABartholomew Consolidated School CorporationJan 9, 2009 . . . . . . $30,468,000

ALABAMABrewton (City)Dec 16, 2008 . . . . . . $10,000,000

Considering he just sold a property he never made a penny off for a price tag in the six figures, Kevin Olson is feeling bittersweet.

UBS Global Asset Management next week hopes to fend off a shareholder revolt seeking to wrest control of a closed-end municipal bond mutual fund from the beleaguered bank.

The Bond Buyer's weekly yield indexes declined as investors returned to work after the holidays and finished the week to date with four consecutive firmer sessions.

Tax-free money market funds rang in 2009 with inflows of $8.23 billion, the highest single-week gain since the massive fourth-quarter outflows spurred by the national economic crisis. As a result, the funds reached $500.05 billion in total assets for the week ending Jan. 5, according to the Money Fund Report, a service of iMoneyNet.com.

CONNECTICUTConnecticut Regional School District No. 18Jan 8, 2009 . . . . . . $2,645,000

CALIFORNIACalifornia Municipal Finance AuthorityJan 7, 2009 . . . . . . $17,500,000

Pacific Investment Management Co. has unfrozen all but one of the eight dividends on municipal bond mutual funds it was forced to postpone last month.

INDIANALafayette School CorporationJan 7, 2009 . . . . . . $9,900,000

ALABAMASpanish Fort Cooperative District - Highway 181 Public FacilitiesDec 18, 2008 . . . . . . $11,590,000

ARKANSASAtkins School District No. 18 of Pope CountyJan 6, 2009 . . . . . . $1,210,000

DELAWARENew Castle CountyJan 6, 2009 . . . . . . $107,105,000

A rally in the municipal bond market to close out 2008 enabled Pacific Investment Management Co. last week to pay a previously postponed dividend on a closed-end muni fund.

INDIANAClay Community SchoolsDec 11, 2008 . . . . . . $3,000,000

ALABAMAAutauga County Water AuthortyDec 5, 2008 . . . . . . $1,405,000

With the wreckage of 2008 in the rearview mirror, issuers will start boosting the supply of muni debt this week as investors continue their flight to quality.

ILLINOISBellwood VillageDec 19, 2008 . . . . . . $7,905,000

Nearly all The Bond Buyer's weekly yield indexes declined again during the past week as a year-end rally continued to push up prices for municipal bonds, particularly high-quality debt.