Public finance

ARIZONALitchfield Elementary School District No. 79Feb 29, 2008 . . . . . . $10,000,000

Continued weakness has permeated through the municipal market over the past two weeks, leading to the second prolonged disengagement of tax-exempts from the Treasury market in the past seven months - and a dramatic rise of The Bond Buyer's weekly yield indexes.

For the second week in a row, tax-exempt money market funds suffered outflows for the week ending Feb. 25, according the Money Fund Report, a service of imoneynet.com.

CALIFORNIARialto Redevelopment AgencyFeb 28, 2008 . . . . . . $46,750,000

ALABAMAFayette County Board of EducationFeb 28, 2008 . . . . . . $2,300,000

ARIZONAGlendale (City)Feb 27, 2008 . . . . . . $65,500,000

CALIFORNIATemecula (City)Feb 27, 2008 . . . . . . $24,535,000

ARIZONAPeoria Municipal Development Authority, Inc.Feb 26, 2008 . . . . . . $47,000,000

ALABAMAHale County Healthcare AuthorityFeb 14, 2008 . . . . . . $3,965,000

ALABAMACarroll's Creek Water AuthorityFeb 7, 2008 . . . . . . $2,355,000

KENTUCKYBarbourville Independent School District Finance CorporationFeb 25, 2008 . . . . . . $820,000

The few minor legislative tax changes that occurred in several states in 2007 were kind to taxpayers both large and small.

Weekly reporting municipal bond mutual funds had a net inflow of $182 million during the period ending Feb. 20, AMG Data Services reported.

Vanguard Group has reshuffled the management at the top of two tax-exempt bond funds, reassigning responsibilities over the limited-term tax-exempt fund and the insured long-term tax-exempt fund.

Maryland’s $400 million general obligation sale to finance various state and local construction projects leads a small flurry of new-issue activity in the Northeast and is the largest deal in an otherwise fairly lackluster new-issue market. This week’s volume is expected to be $4.33 billion, up from a revised $2.76 billion last week,

TEXASDenton County Fresh Water Supply District No. 10Feb 21, 2008 . . . . . . $3,500,000

ARIZONAAntelope Unified School District No. 50Feb 22, 2008 . . . . . . $2,350,000

A new version of a model-based, portfolio management tool is being offered to broker-dealers seeking increased efficiencies when establishing, building, and maintaining fixed-income portfolios for retail investors as an alternative to traditional money managers or bond funds.

All The Bond Buyer's weekly yield indexes increased this week, and the one-year note index rose 107 basis points, the largest one-week index since it began in July 1989.

For the first week since the beginning of the year, tax-free money market funds saw outflows with a $10.41 billion decline for the week ending Feb. 18, causing assets to drop to $481.64 billion, down from the prior week's high of $492.05 billion, according to the Money Fund Report from imoneynet.com.