"The fund inflows follow a rally in the muni market that began last month. The Bond Buyer municipal bond index is now at 103.3, up from less than 92 in mid-December.
"There have been four consecutive weeks of positive market action," said Robert Adler, president of AMG Data."""A 10-year, triple-A muni now yields 127.6% of a 10-year Treasury. While this remains far above the historical norm, it represents a significant convergence since the relationship distended to 186% last month."
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