Markets - Market News
Market Dominated by Strong Outflows for a Second Straight Week
Thursday, December 27, 2012
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For a second consecutive week, flows to muni bond mutual funds got hammered. Funds that report their flows weekly recorded outflows of $423 million for the week ended Dec. 26.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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