Municipal bond mutual funds got a reprieve after three weeks of increasingly large outflows, with just $1.74 billion withdrawals in the week ended Aug. 28, according to Lipper FMI numbers.

Though the loss was smaller than last week's $2.14 billion, mutual funds that report weekly are now in their 14th consecutive week of outflows. In the past 12 weeks, municipal bond funds reporting weekly have seen a total $21.5 billion exodus.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.