Inflows for all municipal bond funds held steady as the Labor Day holiday week approached.
Funds that report weekly indicated inflows slipped to $446.4 million for the week ending Aug.27, from $448.9 million the week before, according to Lipper FMI data. Investors said that trading this week has been light.
"The story of the week is getting to the end of the half day on Friday," a trader in New York said.
A trader in Florida described the office environment as a "skeleton desk week".
High yield inflows fell to $229.8 million after totaling $365.89 million the previous week.
