Commonwealth of Puerto Rico

Municipal bond supply takes a leap forward next week as Chicago’s Sales Tax Securitization Corp.’s $1.31 billion deal headlines the new issue calendar.

Analysts are more optimistic about repayment but still dubious about local government cooperation.

Municipals remained stronger as Montgomery County, Maryland, came to market with a triple-A-rated sale.

The board continues to say that state metrics should be a guide to restructuring the island's central government debt to a much lower level.

The Puerto Rico Oversight Board has voted unanimously to ok a five-year fiscal plan that faces local government opposition.

The revised five-year fiscal plan projects increased disaster-related funding and slowing population decline through 2023.

Weekly bond volume is forecast to fall to $5.9 billion from $10.3 billion in the prior week.

Household survey is much more positive about total employment than establishment survey.

Municipal bond supply plunges to under $6 billion next week after seeing over $10 billion of new issues priced this week.

The Oversight Board and Gov. Rosselló remain at odds over pensions and labor reform.

The municipal bond market is set for almost $11 billion of new supply.

Municipal bond supply jumps to almost $11 billion next week as investors get set to see a wide variety of deals heading their way.

A government official said the governor took the action as a step to restore Puerto Rico's credit.

The judge's record so far suggests a pattern that may encourage further appeals in the biggest U.S. municipal bankruptcy.

The agreement ends an attempt by unsecured creditors to scuttle a restructuring of $4.1 billion bond debt.

The Oversight Board questioned the legality of an announced rate cut by the power authority, while insurers sought permission to name a receiver.

A hearing on the unsecured creditors' bid for standing was postponed to Friday to allow time for the talks.

If the unsecured creditors prevail in challenging the negotiated deal, the consensual restructuring of $4.1 billion may be thrown out.

Municipal bond supply jumps next week as the last quarter of the year begins.

Its estimates are more pessimistic than the Oversight Board’s projections of island gross domestic product.