Commonwealth of Puerto Rico

Municipal volume will sink to $6.36 billion, with the California issuer responsible for a third of the week’s paper.

The decline in the unemployment rate is mostly due to emigration, a challenge as the territory restructures its debt.

Municipal bond volume slips back down to a more average level next week, after the market saw the biggest slate of the year hit the screens this week.

The Puerto Rico Economic Empowerment Act of 2018 would implement some of the recommendations made by a congressional task force as well as provisions left out of disaster relief legislation, according to the two Republican senators who offered it.

April’s General Fund collection was 15.7% higher than that of April 2017.

The effort by bondholders to work together is seen as a "positive development," though their plan was quickly rejected by the government.

Municipal bonds were mixed on Monday as buyers awaited the almost $10 billion of supply set to hit the market this week.

The consensual plan for $4.2 billion of Government Development Bank bonds amounts to repayment of 55 cents on the dollar.

The municipal bond market is gearing up for the biggest volume week of the year, with issuers estimated to bring just under $10 billion of new paper.

The municipal bond market will see an almost $10 billion new issue calendar next week.