Public finance

INDIANAHighland (Town)Oct 16, 2008 . . . . . . $1,900,000

Following the pricing of last week's $5 billion revenue anticipation note sale by California, both the short- and long-term primary markets will be much more subdued this week, with only a handful of negotiated deals expected to be priced by issuers willing to enter the market at the prevailing higher interest rates.

Weekly reporting municipal bond mutual funds had a net outflow of $2.285 billion during the period ending Oct. 15, AMG Data Services reported.

CALIFORNIAChawanakee Unified School DistrictOct 15, 2008 . . . . . . $3,500,000

ARKANSASHamburg School District No. 51 of Ashley CountyOct 16, 2008 . . . . . . $2,790,000

SAN FRANCISCO - The Bond Buyer's weekly yield indexes surged this week, as the market continued to struggle against a wave of capital rushing to exit.

For the second week in a row, tax-free money market funds showed signs of slow but steady recovery, demonstrated by the arrival of $6.12 billion in new cash, which caused assets to inch up to $490.86 billion for the week ending Oct. 13, according to the Money Fund Report, a service of iMoneyNet.com.

CALIFORNIAAuburn Urban Development AuthorityOct 7, 2008 . . . . . . $4,805,000

ARKANSASMagazine School District No. 15 of Logan CountyOct 15, 2008 . . . . . . $3,985,000

CALIFORNIABelvedere (City)Sep 26, 2008 . . . . . . $2,519,270

ARKANSASLake Hamilton School District No. 5 of Garland CountyOct 14, 2008 . . . . . . $3,095,000

A quest for cash in a highly illiquid market and a lack of investor confidence in the tax-exempt bond market in general are among the factors that have sent the yield for The Bond Buyer 40 Bond Index soaring in recent days.

CALIFORNIASacramento Area Flood Control AgencyOct 9, 2008 . . . . . . $84,965,000

INDIANAColumbus Redevelopment DistrictOct 8, 2008 . . . . . . $1,000,000

The arrival of a handful of new issues this week will help revive the recently lifeless primary market after it all but shut down for nearly the last month.

Weekly reporting municipal bond mutual funds had a net outflow of $1.1 billion during the period ending Oct. 8, AMG Data Services reported.

ARIZONADysart Unified School District No. 89Oct 10, 2008 . . . . . . $33,500,000

ARKANSASEarle Special School District of Crittenden CountyOct 9, 2008 . . . . . . $1,350,000

Nearly all The Bond Buyer's weekly yield indexes increased this week amid "very sloppy" conditions in the municipal market.

Outflows have continued to slow and more new cash has begun to find its way back to tax-exempt money market funds over the last week.