Municipal bond mutual funds saw heightened demand from investors this past week.
Funds that report their flows weekly recorded solid inflows of
Inflows have been the norm, of late. For perspective, muni bond funds have seen inflows for 24 straight weeks, and for 53 of the past 56 weeks.
Supply was expected to hold up this week at around
Investor demand has held steady, market pros say. This led to modest rally in tax-exempt yields over the week, though they've largely underperformed Treasury yields.
Assets for all muni funds that report their flows weekly rose for a second consecutive to
The value of the holdings for weekly reporting funds vaulted by
The four-week moving average for all municipal bond mutual funds that report their flows weekly saw
Long-term bond funds that report their flows weekly saw sturdy inflows to the tune of
High-yield muni funds saw relatively solid after a rare week of outflows. Flows have been positive for 41 of the previous 44 weeks.
High-yield funds that report weekly saw
Assets for high-yield funds that report their flows weekly increased to
The value of the holdings for weekly reporting high-yield funds rose by
The four-week moving average for all high-yield municipal bond funds that report their flows weekly was
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