UPDATE 1-US muni bond funds report lower weekly inflows-Lipper

Thu Jan 24, 2013 4:45pm EST

Jan 24 (Reuters) - The surge of money into U.S. municipal bond funds abated slightly in the week ended Jan. 23, with data released by Lipper on Thursday showing $871.43 million of net inflows, well below the $1.44 billion and $1.55 billion inflows of the previous two weeks.

The latest three weeks have more than reversed net outflows during the weeks of Dec. 19, Dec. 26 and Jan. 2 that totaled $2.7 billion.

In the latest week, the four-week moving average remained positive at $964.7 million, according to Lipper, a unit of Thomson Reuters.

Flows into high-yield muni funds dipped to $278.68 million from $434.05 million in the week ended Jan. 16. Exchange-traded funds also had lower net inflows, $76.38 million compared with $106.06 million the previous week.

BondDesk Group data for the week ended Jan. 23 showed retail investors bought 1.7 bonds for each one they sold, down from the 2.0 to 1 ratio the previous week. The total number of bonds bought was 46,017, while the number of bonds sold was 26,616.

The data is based on odd-lot customer transactions.

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