Weekly inflows into municipal bond funds reached their highest level in more than a year last week, a sign of optimism by some investors that the year-long bond rout is easing.
A net $1.98 billion flowed into municipal bond mutual and exchange-traded funds for the week ended Wednesday, Jan. 11, according to Refinitiv Lipper. The last time inflows reached that level was July 2021.
In 2022, muni bond funds lost money nearly every week.
The Wall Street Journal
By Heather Gillers
Jan 17, 2023