Inflow Rise Despite Sell-Off

Inflow to municipal bond funds increased even though municipal bonds sold off most of the week.

Inflows to funds that report weekly totaled $470.26 million for the period ending Sept. 10, up from $379.85 million the week before, according to Lipper FMI.

Even though investors' desire to buy into muni bond funds has remained strong, the municipal bond market was weakening overall. Yields on the 10-year bond jumped by six basis points to 2.19% on Thursday, according to Municipal Market Advisors' data. The 30-year's yield rose by four basis points to 3.33%.

High Yield fund inflows also grew this week, jumping to $235.79 million from $104.1 million the previous week. This is their first week of growth after declining for three weeks straight.

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