Municipal bond mutual funds witnessed redemptions of $129.2 million in the week ended July 27, 2011, The Wall Street Journal reports. High-yield municipal funds saw net outflows of $28 million, as opposed to the preceding week’s inflow of $97 million.
The previous week saw investors providing $123 million to the funds. The four-week moving average was a $22.4 million net inflow, against a $95 million inflow in the prior four-week period.