Record Money Again Flowing to Muni Funds

March 15, 2010

Investors continue to stuff municipal bond mutual funds with cash, supporting bond prices even as by some measures they are nearly as expensive as they have ever been. Early last month, it appeared fund flows had finally slowed down. Cash was landing in municipal funds at a rate of less than $1 billion a week for the first time in six months. Now it appears that may have just been a blip.

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