Municipal bond funds reported inflows for the first time in four weeks, according to Lipper data released on Thursday.
Weekly reporting funds experienced $231.252 million of inflows in the week ended Sept. 23, after outflows of $411.069 million in the previous week, Lipper reported.
The latest outflow brings to 19 out of 39 weeks this year that the funds have seen cash flowing in. Inflows for the year to date remain in the green, totaling over $1.7 billion.
The four-week moving average remained negative at $215.571 million after being in the red at $359.525 million in the previous week. The moving average has now been negative for 19 weeks in a row. A moving average is an analytical tool used to smooth out price changes by filtering out fluctuations.
Long-term muni bond funds experienced inflows, gaining $752.920 million in the latest week, on top of inflows of $12.897 million in the previous week. Intermediate-term funds had outflows of $61.783 million after outflows of $157.937 million in the prior week.
Exchange traded funds saw outflows of $90.678 million, after inflows of $65.897 million in the previous week.
And high-yield muni funds reported inflows of $178.146 million in the latest reporting week, after an outflow of $348,000 the previous week.
