Lincoln Emberton, center, walks with his family through debris along washed-out highway A1A after Hurricane Matthew passed by the area, Friday, Oct. 7, 2016, in Flagler Beach, Fla. (AP Photo/Eric Gay)

(Bloomberg) – Bonds tied to weather risks tumbled the most in four years as Hurricane Matthew lashed Florida.

The Swiss Re Cat Bond Price Return Index dropped 1.7 percent this week, the steepest decline since Superstorm Sandy in 2012. The benchmark, which is recalculated every Friday, had climbed 14 straight weeks through Sept. 23.

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