Great rotation or not, more money hemorrhaged from municipal bond mutual funds this past week.

Outflows occurred for the sixth straight week despite the reasonably strong reception investors gave to the week's surge in issuance and the uptick in secondary activity. Funds that report their flows weekly saw $631 million in outflows for the week ended April 10, Lipper FMI reported. For the week of April 3, the market saw outflows of $278 million.

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