FYI: Investors added the most money to municipal-bond mutual funds since January in the past week, a sign that they’re not fretting about the Federal Reserve raising interest rates for the first time in almost a decade.
Individuals poured $742 million into tax-exempt funds in the week through Wednesday, Lipper US Fund Flows data show, marking the 10th straight week of inflows. Those investing in long-term and intermediate-term securities received cash, as did high-yield funds.
Regards,
Ted
http://www.bloomberg.com/news/articles/2015-12-10/muni-fund-inflows-are-highest-since-january-as-buyers-ignore-fed
