Investors are returning to the local bond market, eager to take advantage of the bargains.
Municipal bond exchange-traded funds hit a record $1.8 billion in the week ended May 25, according to data from Refinitiv Lipper, quadrupling their weekly average for the year. 2022, according to data from Refinitiv Lipper. Municipal bond mutual funds continue to lose investor cash, but outflows have fallen to their lowest level since March.
