Jan 17 U.S. municipal bond fund net inflows
topped $1 billion for a second straight week at $1.44 billion in
the week ended Jan. 16, according to data released by Lipper on
While that was down from $1.55 billion of inflows in the
previous week, the two weeks of inflows are a big reversal from
net outflows reported in the weeks of Dec. 19, Dec. 26 and Jan.
2 when more than $2.7 billion was withdrawn by investors.
In the latest week, the four-week moving average turned
positive at $641 million after being negative in the four prior
weeks, said Lipper, a unit of Thomson Reuters.
Flows into high-yield muni funds jumped to $434 million from
$278 million in the week ended Jan. 9. Exchange-traded funds
also saw higher net inflows of $106 million compared with $21.9
million in the previous week.
BondDesk Group data for the week ended Jan. 16 showed retail
investors bought 2.0 bonds for each one they sold, down from 2.2
the previous week. The total number of bonds bought was 61,759,
while the number of bonds sold was 31,489.
The data is based on odd-lot customer transactions.