January 14, 2020 – Municipal bond funds reported inflows of $2.9 billion for the week ending January 8, according to commentary issued by Citi.

This marks the 53rd consecutive week of net inflows – a historical achievement. Year-to-date, municipal bond funds have netted $3.17 billion of net inflows, of which about $573 million were netted by high-yield funds.

On the issuance front, issuers have issued $8.5 billion year-to-date or 1.2% higher year-on-year. This week’s supply is expected to come around $7.6 billion; the largest deal is expected to be Chicago’s Sales Tax Securitization Corporation (STSC) credit earmarked at just over $900 million (before any potential upsizing).

For more information, contact your Citi private bank sales representative at 1-800-870-1073.

Contact Jumanne Johnson at JJohnson@buymuni.com.