Municipal bond mutual funds that report weekly had a $2.14 billion outflow in the week ended Aug. 21, according to Lipper FMI numbers, the 13th consecutive week of investor withdrawal and the biggest reduction this month.

Total assets in muni funds reporting weekly flows fell to $286 billion from $291 billion last week, extending to the seventh week a slide that began in the week ended July 3. The value of the holdings of those funds fell $2.5 billion. Last week they dropped by $1.1 billion.

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