Household Muni Holdings Up $21.2 Billion in 1st Quarter

Briggs, Amanda
June 2003
Bond Buyer;6/11/2003, Vol. 344 Issue 31654, p6
Trade Publication
Household holdings of municipal securities increased by roughly $21.219 billion in the first quarter of 2003 in the United States. The increase in household holdings came amid continuing concern over the low level of interest rates and a falloff in demand for municipal bond mutual funds late in the quarter. With interest rates so low, and management fees taking a greater share of returns, more investors have preferred to buy bonds directly. Mutual fund municipal bond holdings were nevertheless up $4.566 billion during the period.


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