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Commentary: Betting on Puerto Rico?

NOV 27, 2013 10:29am ET

Puerto Rico's short term problems are tied to a Greece-like debt trap whereby policies aimed at reducing its fiscal deficit deepen a recession that further widens the deficit, with no end in sight to the vicious cycle.

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Posted by FRANCISCO O | Saturday, December 07 2013 at 1:25PM ET
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.

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