Muni Funds Lure Near-Record Cash as Reinvestment Season Nears

Investors are pouring money back into municipal bonds as higher yields and the approaching summer reinvestment season draw cash into the tax-exempt market.

By Dina Katgara, Aashna Shah · Bloomberg Markets

Investors are pouring money back into municipal bonds as higher yields and the approaching summer reinvestment season draw cash into the tax-exempt market.