Municipal-Bond Fund Investor Pullback Signals Weakening Market October 9, 2021

Sharing is Caring!

(Bloomberg) — Investors in the $4 trillion market for state and local government debt appear to be looking for the exit.Most Read from BloombergThey pulled $344 million from long-term municipal-bond mutual funds and $460 million from high-yield funds during the week ended Wednesday, according to Refinitiv Lipper US Fund Flows data. Overall they put just $37 million into municipal funds, the least since an outflow in March and down steeply from last week’s $408 million inflow.The easing of fund flows comes during a seasonally weaker period for municipal bonds. The amount of cash flowing back to investors through redemption payments over the next month is near its lowest since July and new sales of debt tend to increase in October. The municipal market posted a 0.7% loss in …

See also  Market Sell-Off Sets Up Critical Test Of Support
See also  SEC releases report on GameStop and meme-fueled market mayhem

finance.yahoo.com/news/municipal-bond-fund-investor-pullback-173253309.html

385 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.