Weekly reporting municipal bond mutual funds had a net outflow of $1.1 billion during the period ending Oct. 8, AMG Data Services reported.

The results were down from an $848 million outflow the previous week, and represents both the largest outflow from the sector since May 12, 2004, and the third straight outflow after 27 consecutive inflows, according to the Arcata, Calif.-based fund tracker.

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