Municipal bond mutual funds that report their flows weekly saw $853.91 million of share redemptions in the week ended April 13, down from $1.14 billion the week before, according to Lipper FMI.

The funds have seen outflows for 22 consecutive weeks. On Friday, municipal bonds were seeing some strong bids in the secondary market and aggressive trading in the intermediate range where yields were falling one to three basis points, according to traders.

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