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After 54 straight weeks of inflows, municipal bond funds reported outflows, according to Lipper data released on Thursday.

Government

In the week ended Oct. 20, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose two basis points to 3.94% from 3.92% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Illinois-based Edward-Elmhurst Healthcare received an A rating from Fitch Ratings as it prepares to come to market to refund old debt issued by the two systems that joined forces in 2013 and establish a new obligated group.

Top shelf municipal bonds were stronger on Thursday, as yields dropped from one to four basis points after the market took in the last major supply of the week.

The Florida Hurricane Catastrophe Fund is well positioned to absorb losses, the fund’s financial advisor says, even though $454 million in insurance claims have been filed since Hurricane Matthew brushed the state.

Nassau County Executive Ed Mangano and Oyster Bay Town Supervisor John Venditto were arrested on federal corruption and bribery charges.

Dealer groups are concerned that a proposed Municipal Securities Rulemaking Board standalone minimum denomination rule would hurt liquidity and adversely affect participants in the market.

Oakland, Calif., Mayor Libby Schaaf said she remains committed to keeping the National Football League's Oakland Raiders, but will not use public money to win a bidding war against Nevada.

The Internal Revenue Service's Office of Tax-Exempt Bonds has told its auditors that, if an issuer redeems 100% of the outstanding principal amount of its tax-exempt or tax-credit bonds, the audit can be closed without further TEB action.

Wisconsin-based Sauk Prairie Memorial Hospital Inc.'s rating fell deeper into junk after a three-notch downgrade from Moody's Investors Service.

Municipal analysts reject Puerto Rico's claim it can't pay any debt service in the next 10 years without federal help.

The Municipal Securities Rulemaking Board plans to meet here Oct. 26-27 to discuss making certain pre-trade pricing data available on its EMMA website for retail investors as well as updating syndicate offering practices.

Virginia road planners will evaluate local requests for $9 billion of state funding.

Wayne County, Michigan was released from state oversight but expensive challenges remain, said county executive Warren Evans .