(Adds Bonddesk data)
May 17 U.S. municipal bond funds reported $805
million of net inflows in the week ended May 16, slowing from
$901 million in the previous week, according to data released on
Thursday by Lipper.
With the exception of only three weeks, municipal bond funds
have had positive flows since the start of September 2011.
As money kept flowing into muni bond funds, the four-week
moving average was positive at $653 million, said Lipper, a unit
of Thomson Reuters.
High-yield muni funds reported net inflows of $228 million,
down slightly from $258 million in the week ended May 9, while
flows into exchange-traded muni funds fell to $41 million from
$104 million in the previous week.
BondDesk Group data for the week ended May 16 showed retail
investors bought 2.0 bonds for each one they sold, down from the
2.1 ratio in the previous week.
The total number of bonds bought was 61,577, while the number
of bonds sold was 30,714. The data is based on odd-lot customer
(Writing by Tiziana Barghini; Editing by Dan Grebler and Andrew