The weekly fund flows showed more selling in municipals and a pile into domestic stocks. Domestic stocks saw inflows of $2.971 billion dollars and Foreign stocks saw continuing inflows of $1.651 billion dollars. Taxable bonds saw inflows of $3.584 billion dollars, while Municipal bonds sold off to higher levels than seen in the past year with outflows of $5.748 billion dollars. This is going to be putting the squeeze on municipals trying to raise money to fund new or existing programs. In the past 11 weeks the Municipal bond market has sold off $30.788 billion dollars eclipsing the inflows of the year prior.
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