Weekly reporting municipal bond mutual funds had a net outflow of $848 million during the period ending Sept. 24, AMG Data Services reported.

The results were down from a $398 million outflow the previous week, and represents the second straight outflow after 27 consecutive inflows, according to the Arcata, Calif.-based fund tracker.

The four-week moving average for all muni bond funds - which includes the monthly reporters - fell to a $159.7 million outflow from a $484.1 billion inflow.

Taxable bond funds that report weekly had a $5.4 billion net outflow, after a $4.3 billion outflow the week before.

Weekly reporting equity funds had an inflow of $9.1 billion, after a $13.9 billion inflow the previous week.

High-yield municipal bond fund net outflows for the week ended Oct. 1 were $161.1 million.

Overall municipal assets total $376.9 billion as of the week ended Oct. 1.


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