Heavy outflows from municipal bond mutual funds persisted, Lipper FMI numbers for the week of Dec. 18 showed.
Muni bond funds that report flows weekly suffered outflows of $1.71, marking a 30th straight week money has left the market. Last week, $1.90 billion fled the market.
Long-term muni bond funds that report flows weekly recorded outflows of $1.02 billion for the week of Dec. 18, against outflows of $1.05 billion the previous week.
Weekly reporting muni bond funds saw outflows of $290 million on the week, from outflows of $425 million last week.
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