For the 10th week in a row, municipal bond funds reported cash outflows.
The weekly reporting funds saw $305.707 million of outflows in the week ended July 8, after outflows of $1.199 billion in the previous week, according to the latest Lipper data.
This brought to 13 out of 28 weeks this year the funds have reported cash withdrawals.
The four-week moving average remained negative at $507.779 million after being in the red at $534.292 million in the previous week. The moving average has been negative for seven straight weeks. A moving average is an analytical tool used to smooth out price changes by filtering out fluctuations.
Long-term muni bond funds also experienced outflows, losing $147.939 million in the latest week, after outflows of $898.989 million in the previous week.
High-yield muni funds had an outflow of $122.823 million in the latest reporting week, after an outflow of $492.213 million the previous week.
Exchange traded funds reported outflows of $27.250 million, after inflows of $4.966 million in the previous week.
However, intermediate-term funds recorded inflows of $53.613 million, following outflows of $32.082 million the week before.
