UPDATE 1-U.S. muni bond funds see first outflows of year

April 2, 2015 9:28 PM

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(Recasts with first outflows this year; adds details, analyst comment) April 2 (Reuters) - U.S. municipal bond investors pulled money out of muni bond funds last week for the first time this year, likely as taxpayers liquidate some short-term assets to pay what they owe for 2014 taxes.

Muni funds reported $300.6 million of net outflows in the week ended April 1, compared with $581.7 million in inflows in the previous week, according to data released on Thursday by Lipper, a unit of Thomson Reuters. One institutional intermediate fund appears to have skewed the results: JPMorgan's ...

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