The municipal bond market endured the second heaviest outflows of the year from muni bond funds this past week.
Investors pulled $2.24 billion from weekly reporting muni bond funds during the week ended July 31, Lipper FMI numbers showed, marking the 10th consecutive week of hemorrhaging. That compares with outflows of $1.23 billion for the week ended July 24.
Lipper posted greater outflows in an earlier report; the figures above reflect the updated numbers.