The amount of money investors have withdrawn from municipal bond mutual funds continues to climb and break records for the year.
Weekly reporting funds had outflows of $1.61 billion for the week of June 12, according to Lipper FMI numbers released late Thursday afternoon. The previous week, muni bond funds reported $1.47 billion in outflows, the most since the week of Dec. 19, 2012, when they reached $2.31 billion.
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