Public finance

A handful of sizable deals will make their way to the primary market this week as the municipal market begins to show signs of the seasonal lull in volume that is typical ahead of the Memorial Day holiday next week.

INDIANALafayette (City)May 15, 2008 . . . . . . $4,950,000

CALIFORNIAAuburn Union School DistrictMay 14, 2008 . . . . . . $36,010,000

The Bond Buyer's weekly yield indexes declined this week, as tax-exempt yields fell in all but one of the week's sessions.

Topping last week's haul of nearly $10 billion, tax-free money market funds raked in $11.9 billion, setting a record high of $511.5 billion in total assets for the week ending May 12, according to the Money Fund Report, a service of iMoneynet.com of Westborough, Mass.

ARKANSASHampton School District No. 1 of Calhoun CountyMay 14, 2008 . . . . . . $6,170,000

ALABAMAPickens County Public Building AuthorityMay 1, 2008 . . . . . . $2,770,000

ARIZONAPima CountyMay 13, 2008 . . . . . . $75,000,000

ALABAMAMobile CountyApr 29, 2008 . . . . . . $70,000,000

Implementation of a unified global rating scale for both municipal and corporate bonds is unlikely to have a significant market impact, municipal bond investors say.

ILLINOISDarien Park DistrictMay 12, 2008 . . . . . . $2,270,000

ALABAMARenaissance Cooperative DistrictMay 2, 2008 . . . . . . $8,500,000

OKLAHOMAGarvin County Independent School District No. 9 (Lindsay)May 9, 2008 . . . . . . $1,600,000

ALABAMARussell County Public Building AuthorityApr 21, 2008 . . . . . . $7,935,000

Weekly reporting municipal bond mutual funds had a net inflow of $881 million during the period ending May 7, AMG Data Services reported.

Except for two large school financings in Nevada and Florida to hold investors' attention this week, there will be a lull in primary market activity as new-issue volume declines by just over $1 billion from last week's total, continuing May's slow start.

ARKANSASMena School District No. 23 of Polk CountyMay 8, 2008 . . . . . . $9,700,000

CALIFORNIACalifornia Educational Facilities AuthorityMay 7, 2008 . . . . . . $172,410,000

The Bond Buyer's weekly yield indexes were mixed this week as market participants focused on new issues.

Tax-free money market funds gained nearly $10 billion during the week ending May 5, recouping twice the $5 billion-plus they lost in the previous week, according to the Money Fund Report, a service of Westborough, Mass.-based imoneynet.com.