Commonwealth of Puerto Rico

People involved in the $3.5 billion sale received notices that there would be no enforcement action.

The board may choose to approve its own version of the plan by April 20, setting up a legal and political fight for control of the Puerto Rico government.

The vote came as Gov. Rossello said his fiscal plan will not accede to board demands.

Rosselló says that Rep. Rob Bishop is placing the needs of the bondholders over those of Puerto Rico residents.

Other Puerto Rico officials joined Gov. Ricardo Rosselló in resisting the board's demands for austerity

The second-quarter kicked off Monday with a little more optimism among municipal market participants after "one of the worst quarters in a long, long time."

Natural Resources Committee Chairman Rob Bishop complained that "intentional misinterpretations" of the "PROMESA" law may mean U.S. promises to Puerto Rico will take "decades" to fulfill.

The influx of volume may give the boost that's needed to jump-start the primary market.

Rosselló said PROMESA allows the Oversight Board to make public policy recommendations, but not to order labor law reforms and pension cuts.

The municipal bond market will see almost $7.9 billion of new deals head their way next week, as New Jersey tobacco's dominate the calendar.

Oversight Board is continuing its struggle with the Puerto Rico government over fiscal plans.

As muni investors looked ahead to another week of limited supply, a report from BlackRock recommended taking a flexible strategy.

The latest proposed fiscal plan may allow up to 29.4% of debt to be paid through fiscal year 2023.

The municipal bond market on Monday is eyeing this week's small holiday calendar of new issues, which is dominated by taxable deals.

The credit unions say that Puerto Rico used fraud and pressure to get them to buy the government bonds.

Municipals will see yet another week of sub-$4 billion issuance, as taxables take the top spot on the calendar.

A day after seeing the market rally and strengthen by five basis points on the long end, munis were quiet and flat ahead of another week of lackluster volume.

Officials said forgiveness of the Community Disaaster Loan could be considered at a later point.

Information can be submitted on a confidential or non-confidential basis.

Mnuchin will hand-deliver documents related to the loan in his first visit to the territory as a public official, he said.