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Pullback From Muni-Bond Could Be A ‘Yellow Flag’ After Market Losses

TedTed
in The Bullpen
FYI: The municipal market’s short-term future might be on shaky ground.

Mutual funds that focus on state and local government bonds saw investors pull out about $443 million in the week leading up to Wednesday, breaking a five-week streak during which they continued to pour in funds, according to Lipper US Fund Flows data. Exchange traded funds lost $30.3 million this week, its first negative since April 2017, according to CreditSights analyst Pat Luby.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-02-16/pullback-from-muni-bond-seen-a-yellow-flag-after-market-losses
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