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(Bloomberg) -- It seems like everything is cheaper in Texas these days as the state lures residents and companies with a lower cost of living. Even municipal debt investors are now getting a bargain after a bond boom overwhelmed demand. Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBorrowers With $39 Billion in Student Loans Finally See ReliefStocks Struggle as Nvidia Drops in Earnings Run-Up: Markets WrapHalf a Million US Jobs at Risk of Vanishing in Payr

This year both stocks and bonds have advanced, sending the 60/40 mix to the best start to a year since 1987.

Outflows from municipal bond mutual funds increased as investors pulled $3.416 billion out of funds in the latest week, versus the $1.180 billion of outflows the prior week, according to Refinitiv Lipper data.