Municipal Bond Mutual Fund Outflows and Returns Overview (2016‑2017)

The passage provides market‑level data on municipal bond fund flows, yields, and pension funding ratios. It contains no specific names, transactions, or allegations linking high‑profile officials or a Municipal bond fund outflows peaked in late 2016, second only to the 2013 taper tantrum. Intermediate municipal bonds posted a rare loss in 2016. Municipal yields exceed Treasury yields by about 70 b