The municipal market trudged along on Monday, hindered by negative credit headlines and investor reluctance following the 13th straight week of outflows from mutual bond funds. Vacationing traders the week before Labor Day added to the level of inactivity.

“The municipal bond market remains disorderly, unable to stabilize itself amid fund selling pressure, negative credit headlines, and end-of-summer illiquidity,” Municipal Market Advisors wrote in a weekly outlook report Monday.

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.