Weekly reporting municipal bond mutual funds had a net outflow of $398 million during the period ending Sept. 24, AMG Data Services reported.

The results were down from an $89 million inflow the previous week, and represents the first outflow after 27 consecutive inflows, according to the Arcata, Calif.-based fund tracker. The last time an outflow was posted was the week ended March 5, when there were $338 million in outflows. That outflow followed seven straight inflows, making this week's outflow end a string of 34 inflows in the past 35 weeks.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.