Puerto Rico general obligations have outperformed AAA-rated GOs as municipal bonds have rallied this month.

Yield on 10-year Puerto Rico bonds has fallen 69 basis points since the beginning of the year, compared with a 30 basis point-drop on AAA bonds with the same maturity. Puerto Rico bonds maturing in 30 years have fallen 47 basis points, compared with 37 basis points on AAA bonds.

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