Muni-fund flows may be worth watching in the coming weeks. Last week's $260M net inflow was down significantly from $612M the previous week, and "there has been a noticeable downward trend" since a peak in early August, says Thomson Reuters Municipal Market Data. While it thinks last week's slump was likely related to the Labor Day holiday, "the overall downward trend in inflows could be related to the increase in negative headlines." They include comments from the likes of Warren Buffet and Bill Gross, notes MMD.
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