Municipal bond fund inflows dropped by more than 50% this week.
Inflows for all municipal bonds funds declined to $147.7 million for the week ending June 18 from $306.9 million the week before, according to Lipper FMI.
Assets of all weekly reporting municipal funds increased to $292.42 billion from $292.38 billion the week before, Lipper reported. The four-week moving average inflow fell to $320 million from $449 million.
Long-term municipal mutual funds that report their flows weekly had an inflow of $32.6 million following an inflow of $78.6 million the previous week, Lipper said.
Those assets declined moderately to $158.3 billion from $158.34 billion the week before. The four-week moving average of the long-term fund was an inflow of $92.7 million from $206 million the week before.
High yield fund inflows dropped to $113.2 million from $151.1 million.
Assets increased to $441.7 billion, up from $440.8 billion. The four-week moving average inflow slipped to $159.4 million from $233.1 million, its fourth week of decline.
