Municipal bond mutual funds recorded their lightest outflows since May 22when they last registered inflows. But money still flowed from funds for a 33rd straight week, Lipper FMI numbers showed.
Those funds that report flows weekly saw outflows of $19 million for the week ended Jan. 8. They reported outflows of $1.47 billion the previous week.
High-yield muni bond funds that report flows weekly actually recorded inflows on the week, at $50 million, their first gain since the week of Oct. 30.
James Ramage is a reporter for The Bond Buyer.
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