Reuters: Financial Services and Real Estate: UPDATE 1-US muni bond funds report $439 mln inflows -Lipper

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-US muni bond funds report $439 mln inflows -Lipper May 31st 2012, 21:40 Thu May 31, 2012 5:40pm EDT (Recasts lead, adds details, BondDesk data) May 31 (Reuters) - Net inflows into U.S. municipal bond funds decreased for a third week in a row, falling to $439 million in the week ended May 30 from $534 million in the prior week, according to data released by Lipper on Thursday. Inflows have been sliding since reaching nearly $901 million in the week ended May 9. Still, the data showed only three weeks of outflows since early September. The four-week moving average remained positive at $670 million, said Lipper, a unit of Thomson Reuters. High-yield muni funds reported net inflows of $136 million, down from $168 million in the week ended May 23. Flows into exchange-traded muni funds fell to $12.7 million from $22 million in the previous week. BondDesk Group data for the week ended May 30 showed retail investors bought 2.1 bonds for each one they sold, up from a 2.0 ratio in the prior week. The total number of bonds bought was 48,775, while the number of bonds sold was 22,988. The data is based on odd-lot customer transactions. (Reporting by Karen Pierog; Editing by James Dalgleish) Link this Share this Digg this Email Reprints

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions