Public finance

ARIZONAArizona School Facilities BoardNov 14, 2008 . . . . . . $580,035,000

ILLINOISLake County Forest Preserve DistrictNov 17, 2008 . . . . . . $9,500,000

A pair of deals from issuers in Massachusetts and California will headline this week's primary market, where an estimated $4.32 billion is expected to offer the largest - and most notable - increase in new-issue volume since the recent economic turmoil that put the municipal market in a deep freeze over the last six to eight weeks.

The exodus of cash from municipal bond mutual funds appeared to slow last week.

ALABAMAVestavia Hills (City)Nov 7, 2008 . . . . . . $9,615,000

The Bond Buyer's weekly yield indexes declined this week, as tax-exempt yields fell in each of the holiday-shortened week's sessions.

With November well under way and the presidential election over, tax-free mutual funds saw inflows for the week ended Nov. 10, drawing in $1.59 billion and ending the week with $496.58 billion in total assets, according to the Money Fund Report.

CALIFORNIABlythe Redevelopment AgencyNov 6, 2008 . . . . . . $4,575,000

COLORADODenver (City and County)Nov 3, 2008 . . . . . . $200,000,000

CALIFORNIABerkeley Unified School DistrictNov 12, 2008 . . . . . . $10,300,000

CALIFORNIAABAG Finance Authority For Nonprofit CorporationsNov 11, 2008 . . . . . . $34,000,000

KANSASColwich (City)Nov 10, 2008 . . . . . . $437,000

ALABAMAVestavia Hills (City)Nov 7, 2008 . . . . . . $9,615,000

MINNESOTAFrazee-Vargas Independent School District No. 23Nov 10, 2008 . . . . . . $3,015,000

Amid continued strong demand and recent firmness that saw some yields decline as much as 12 basis points in spots during new-issue pricing last week, a $750 million revenue offering from the New Jersey Transportation Trust Fund Authority will further test the strength of the market this week.

Weekly reporting municipal bond mutual funds had a net outflow of $253 million during the period ending Nov. 5, AMG Data Services reported.

WASHINGTON - The Treasury Department's plans to issue more than $1 trillion in Treasury securities in fiscal 2009 to help raise revenues for the financial rescue plan are likely to further the recent pronounced move of municipal bond yields above Treasury yields, market participants say.

ARIZONAGoodyear Public Improvement CorporationNov 6, 2008 . . . . . . $34,450,000

The Bond Buyer's weekly yield indexes mostly declined this week, as Treasury market gains carried municipals to a decidedly positive string of sessions.

For the second week in a row, tax-exempt money market funds saw outflows - albeit slightly less than last week - as they closed the books on October and digested a 50 basis point interest rate cut by the Federal Open Market Committee.