Investors put municipal bond mutual fund flows back in the black this past week. High-yield muni funds continued their strong performance.
There were net inflows in the week ended June 22 of $137 million for muni bond funds that report their flows weekly, according to Lipper FMI. Investors the previous week withdrew $172 million from muni funds. That followed a week of deposits that ended a 29-week trend of outflows.