US muni bond fund outflows narrow to $870.4 mln-Lipper

July 5 Fri Jul 5, 2013 5:00pm EDT

July 5 (Reuters) - U.S. municipal bond funds reported $870.4 million of net outflows in the week ended July 3, down sharply from a record $4.53 billion of outflows during the previous week, according to data released by Lipper on Friday.

The four-week moving average remained negative at $2.3 billion, said Lipper, a unit of Thomson Reuters.