Weekly reporting municipal bond mutual funds had a net outflow of $1.126 billion during the period ending Oct. 15, AMG Data Services reported.
The results follow a $2.285 billion outflow the previous week, and represents both the second largest outflow from the sector on record, and the fifth straight outflow after 27 consecutive inflows, according to the Arcata, Calif.-based fund tracker. The three largest weekly net outflows have been reported the past three weeks.
The four-week moving average for all muni bond funds - which includes the monthly reporters - moved to a $1.24 billion outflow from a $1.06 billion outflow.
Taxable bond funds that report weekly had a $2.6 billion net outflow, after a $12.6 billion outflow the week before.
Weekly reporting equity funds had an inflow of $686 million, after a $9.9 billion outflow the previous week.