The municipal bond mutual fund industry shrank last week for the first time since June as investors handed over the smallest slug of new money in more than three months, with intermediate-term muni bonds absorbing the biggest hit.

Investors during the week ended Oct. 6 entrusted just $133.4 million to municipal funds that report their figures weekly, according to Lipper FMI. That was the weakest inflow in 14 weeks.

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