Investor demand for tax-exempts remained tepid as outflows from muni bond funds for the week of July 10 accelerated to $1.2 billion from $870 million the prior week.

While the numbers from Lipper FMI paled before those of two weeks ago, when the market experienced a record $4.53 billion in outflows, they were still significant, climbing above $1 billion for the fifth time in six weeks.

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