Commonwealth of Puerto Rico

Magistrate Judge Judith Dein's decision may help creditors in their battle over the territory's fiscal plan and debt payments.

The board gave up on plan to reduce paid vacation and sick time and eliminate Christmas bonuses, but gained a promise of island-wide at-will employment.

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.

GAO says Congress should consider giving SEC penalty authority over issuers, stripping Puerto Rico's triple-tax exemption,and expanding investor protection.

Bondholders will have to rely on the Oversight Board or the courts for debt service, analysts said.

Puerto Rico would have to have a vibrant economy and a stable government that is fiscally sound, said Rep. Rob Bishop.

Another low volume week is on top, but the scarcity value is driving demand as the market continues to be strong in the face of rising interest rates.

The municipal bond market will see another light new issue calendar next week with volume estimated at $4.86 billion.

A probe into possible wrongdoing prompted Gov. Ricardo Rosselló to jettison five staffers, weakening his administration at a critical juncture in the commonwealth's debt restructuring.

The Oversight Board is close to the governor on debt even as they publicly disagree over austerity policies.

The fiscal Oversight Board estimates $62 billion of disaster relief funding from federal and private sources will boost the island’s economy for the next few years.