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.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.