Municipal bond mutual funds that report their data weekly had net outflows of $776.32 million in the week ended May 4, according to Lipper FMI.
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The withdrawals caused the weekly reporters to end the week with $312.58 billion in total assets compared to $310.86 billion in the week ended April 27.
Among all muni bond mutual funds the four-week moving outflow average was down to $860.3 million, from $1.03 billion the week before.
The outflows last week came despite a $3.8 billion gain in market value.
