US municipal bond funds have reported US$690 million of net outflows in the week ended 2 October, up from US$159 million of outflows in the previous week, according to data released by Lipper, a unit of Thomson Reuters.
The four-week moving average remained negative at US$963 million, said Lipper.
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Municipal bond funds have now marked net outflows for 19 consecutive weeks resulting in the longest string of weekly net outflows since 2011.
According to the Lipper figures, high-yield muni funds recorded positive net inflows of US$33.2 million for a third straight week, down from US$399 million in the week ended 25 September.
Exchange-traded muni bond funds posted seventh straight week of negative flows with net outflows for the week of US$14.1 million, up from US$5 million in the previous week.
According to data from BondDesk Group, retail investors bought 2.3 municipal bonds for every one they sold in the week ended 2 October, up from 1.9 during the previous week and the number of bonds bought totalled 77,357, while the number of bonds sold was 34,228.
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