The big news in the world of municipal bonds recently has been Puerto Rico defaulting on $370 million worth of bonds. But that hasn't slowed down investors' enthusiasm for getting into muni bonds.
Municipal bond fund inflows saw another $1.1 billion in inflows last week, according to Lipper, which keeps track of such things. That was the 30th consecutive week in which muni bond funds have seen positive inflows.
All told, muni bond funds have taken in $25 billion in new investments since September. Still muni bond funds hold a grand total of $371 billion, while equity funds have more than $5 trillion.
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