Investors pulled more from municipal bond mutual funds in the latest week, with Refinitiv Lipper reporting $2.875 billion of outflows, down from $3.548 billion of outflows in the previous week.
Bond markets held steady and oil prices retreated from Thursday highs as the U.S. and its allies held off on sanctions targeting Russian oil and gas exports.
The Investment Company Institute reported $974 million of inflows into municipal bond mutual funds in the week ending Nov. 23, down from $1.430 billion in the previous week.