July 5 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.
Mutual funds specializing in high-yield munis reversed a
string of net outflows during the week ended July 3 and posted
net inflows of $140.7 million, according to Lipper. High-yield
funds during the previous week had net outflows of $1.2 billion.
Exchange traded funds dealing in munis had net outflows of
$33.7 million, down from $158.1 million of outflows during the
previous week ended June 26, according to Lipper.
Separately, a major trading platform for retail bond buyers,
BondDesk Group LLC, reported investors in the week through July
3 bought 2.4 bonds for every one sold, compared with the
previous week when they bought 2.3 bonds for every one sold.
Total buys in the week were 84,441 and sells were 34,677,