- Municipal bond funds have struggled so far in 2022, witnessing record outflows through the Lipper fund flows week ended Wednesday, June 15, and posting an average year-to-date market loss of 9.98%.
- Year to date, municipal debt funds handed back a net $72.5 billion, eclipsing the full-year record net outflows seen in 2013 of $64.2 billion.
- For the flows week, the 10-year Treasury yield rose 30 bps, closing out the week at 3.33% after hitting a closing high of 3.49% on June 14 - its highest close since April 14, 201.
For further details see:
Municipal Bond Fund And ETF Woes Continue In June, But Not Equally