Commonwealth of Puerto Rico

Munis showed strength as traders returned to work on Tuesday after the three-day holiday weekend.

The appeals court ruled the appointments were unconstitutional, but didn’t invalidate either the existing board's actions or the parts of the Puerto Rico Oversight, Management, and Economic Stability Act that didn't address the board appointment process.

Puerto Rico Sales Tax Financing Corp.'s restructured bonds started actively trading on Friday.

IHS Markit’s Ipreo forecasts weekly bond volume will hit $2.8 billion next week.

The board said that the Senate is withholding bank account information.

What had been about $17.6 billion in COFINA bond par value became about $12 billion in new COFINA bond value.

Attorneys say the Oversight Board's move to nullify $6 billion of bonds would violate both federal Supreme Court rulings and local law.

A warm reception is likely for the new issue supply that will be coming into the market.

The District of Columbia will be headlining next week's new issue slate with a $940 million deal.

An estimated $1.6 billion may flow to COFINA bond holders within weeks following Monday's approval of the muni market's biggest-ever plan of adjustment.

The restructuring is the biggest in U.S. municipal history.

Swain says that bondholder must first make the request to the U.S. Trustee.

Municipal bonds were mostly stronger at midday ahead of the week's attractively sized new issue slate.

Ipreo forecasts weekly bond volume will surge to $7.2 billion from a revised total of $3.8 billion this week.

Traditional bond buyers are going back to Puerto Rico.

Laura Taylor Swain indicated she liked the procedures proposed by the Oversight Board and Unsecured Creditors Committee.

Raúl Maldonado Gautier will gain direct control of all monetary issues in the commonwealth's government.

Teresita Fuentes has been in the position for six months.

Judge Susan Braden had said she was inclined to hold the U.S. government responsible for impairments to Employees Retirement System bonds.

Gov. Ricardo Rosselló is offering relief to the 4.500 federal employees in Puerto Rico whose paychecks have stopped coming.