Munis were a touch firmer out long in Wednesday’s trading, as U.S. Treasury yields fell and equities ended up. The two-year muni-UST ratio Tuesday was at 65%, the five-year at 63%, the 10-year at 71% and the 30-year at 89%, according to Municipal Market Data’s 3 p.m. EDT read. ICE Data Services had the two-year at 62%, the five-year at 61%, the 10-year at 70% and the 30-year at 89% at a 3 p.m. read. The Investment Company Institute Wednesday reported inflows of $1.114 billion for the week ending Sept. 24, following $1.138 billion of inflows the previous week. This is the third consecutive week that inflows topped $1 billion.
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