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ETF Action's tally of 140 municipal bond ETFs showed $561 million of net weekly outflows through September 14, with intermediate-maturity funds losing $711 million and high-yield munis $166 million, while short-duration products drew $306 million led by Vanguard Short-Term Tax-Exempt Bond ETF (VTES) at $158 million. The split is a duration and credit de-risking signal rather than a broad exit from fixed income, consistent with investors unwilling to add long-end rate exposure or lower-quality muni credit at current yields. Watch whether intermediate outflows persist alongside firmer UST yields; a reversal into longer maturities would mark a more constructive rate view and typically precedes wider risk-appetite recovery in credit and high-beta assets.
As a Market signal, confirm the link to liquidity, rates, policy timing, and price reaction before drawing a trading conclusion.
Original Source: 토큰포스트
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