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January Effect Lives On As Municipal Bond Funds Flush With Cash
FYI: Mutual funds in the $3.7 trillion municipal-bond market are flush with cash heading into 2016. Individuals added $1.3 billion to funds focused on state and local-government debt in the week through Dec. 30, the most in almost a year, Lipper US Fund Flows data show. It marked the 13th consecutive week that they’ve gained money, the longest streak since the end of 2014. Regards, Ted http://www.bloomberg.com/news/articles/2016-01-05/january-effect-lives-on-as-municipal-bond-funds-flush-with-cash
