Detroit's bankruptcy filing and Chicago's downgrade provided strong drivers for a ninth straight week of outflows from municipal bond mutual funds.

Weekly reporting muni bond funds recorded outflows of $1.23 billion for the week ended July 24, Lipper FMI reported, up slightly from the $1.56 billion investors withdrew the previous week.

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.