Municipal bond mutual funds (MFs) witnessed $860.7 million of outflows in the week Aug. 3, 2011, The Wall Street Journal reports. The move follows a $129.2 million net outflow from the same funds one week ago and a $123 million inflow a week earlier.

Before mid-June, investors pulled out $35.1 billion from reporting funds over 29 straight weeks dating back to November. Net outflows for high-yield municipal funds in the week that ended on August 3 were $118 million, compared with $28 million a week earlier.

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