Outflow from municipal bond funds outstrips record

07/1/2013 | Financial-Planning.com

Withdrawals from municipal bond funds that report weekly rose to $4.53 billion in the week that ended Wednesday, the biggest weekly outflow since Lipper FMI began tracking the amount in 1992. It is the fifth consecutive week of outflow from municipal bond funds and the fourth week of outflow exceeding $1 billion.

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