Outflows from municipal bond mutual funds persisted for the 30th straight week.
Muni bond funds that report flows weekly suffered outflows of $1.71 billion for the week of Dec. 18.
Last week, $1.90 billion fled the market, Lipper FMI numbers showed. Some in the industry attribute the increase in outflows over the past two weeks to extensive
Assets for all muni funds that report their flows increased for the first time in three weeks, to $272.1 billion. During the previous week they fell to $268.2 billion.
The value of the holdings for weekly reporting funds fell by $209 million. The week before, they decreased by $80 million.
The four-week moving average for all municipal bond mutual funds that report their flows weekly was $1.34 billion of outflows, compared with $1.11 billion of outflows the week before.
Long-term muni bond funds that report flows weekly recorded outflows of $1.02 billion for the week of Dec. 18. That compared with outflows of $1.05 billion the previous week.
Weekly reporting high-yield muni bond funds had outflows of $290 million on the week, after outflows of $425 million last week.
Assets for high-yield funds that report their flows weekly slipped for a seventh straight week to almost $34.90 billion, from $35.22 billion the week before.
The value of the holdings for high-yield funds decreased by $32 million. Last week, they fell by $65 million.
The four-week moving average for all high-yield municipal bond funds that report their flows weekly showed $276 million of outflows, versus $226 million of outflows the previous week.
