Markets

Municipal bonds yields weakened a touch during the week as a slug of new debt came to market at a time of low nominal yields.

Outflows among tax-exempt money market funds rose to $2.31 billion in the week ending Oct. 18, causing total net assets to recede to $327.99 billion, according to the Money Fund Report, a service of iMoneyNet.com.

The hassles associated with Chapter 9 municipal bankruptcies will suppress the number of filings, despite municipal revenues still being well below pre-recession levels, ­experts say.

The flow of cash washing into the municipal bond mutual fund industry continues to slow down, to what one important measure counts as the slowest pace since January 2009.

Volume will continue to level off from the highs of two weeks ago as $7.97 billion of municipal debt gets ready to sell this week, according to Ipreo LLC and The Bond Buyer.

Most municipal analysts bristle at the claim that California will “become the next Greece.”

Nearly all The Bond Buyer’s yield indexes declined slightly during this holiday-shortened week amid moderate secondary trading activity and rising Treasury yields.

After a short-lived period of inflows last week, tax-exempt money market funds experienced $1.81 billion of outflows and settled at $330.29 billion in total net assets for the week ending Oct. 11, according to the Money Fund Report, a service of iMoneyNet.com.