Municipal bond mutual funds saw inflows for a 25th straight week.
Funds that report their flows weekly recorded inflows of $553 million for the week ended Oct. 3, Lipper FMI numbers show. That’s down slightly from the
Assets for all muni funds that report their flows weekly rose for a third consecutive week to $313.4 billion from $311.7 billion the week before.
The value of the holdings for weekly reporting funds vaulted by $1.39 billion. The week before, they increased by $1.34 billion.
The four-week moving average for all municipal bond mutual funds that report their flows weekly saw $555 million of inflows, up from a $482 million gain the week before.
Long-term bond funds that report their flows weekly saw robust inflows to the tune of $248 million, a small drop from $292 million they reported the week before.
High-yield muni funds reported inflows, as well. Flows have been positive for 42 of the previous 45 weeks.
High-yield funds that report weekly saw $109 million in inflows, Lipper said. The previous week, they reported $135 million in inflows.
Assets for high-yield funds that report their flows weekly increased to $42.52 billion, up from $42.20 billion the week before.
The value of the holdings for weekly reporting high-yield funds rose by $214 million. Last week, they increased by $218 million.
The four-week moving average for all high-yield municipal bond funds that report their flows weekly was $65.4 million of inflows, slipping from $69.4 million the week before.