Commonwealth of Puerto Rico

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.

Puerto Rico's default is generating concern over mainland special revenue bonds and distressed issuers, and undercutting confidence in municipal credit nationwide.

Walter Higgins is to be paid $450,000 per year plus bonuses if metrics are met.

The addition of Amazon will mean most of Puerto Rico's online sales will be taxed, one economist said.

After back to back weeks of decent issuance, the primary muni market will get with a reality check of weekly issuance below $3 billion, thanks mostly to continued tax reform fallout.

The House has approved similar municipal securities and Puerto Rico provisions, but has wanted more sweeping bank deregulation legislation than the Senate.

Gov. Ricardo Rosselló’s proposal, which leaves room to pay as little as 8% of debt service, is too rosy in its economic assumptions, two economists said this week.

January's General Fund revenues were 12.2 percent below pre-Hurricane Maria projections.

Treasury Secretary Steven Mnuchin says it remains to be decided whether the federal loan will be forgiven

Rosselló doesn't mention Puerto Rico's debt in annual state of the commonwealth speech.

The bond insurers say the plan to create a wider Public Service Commission would lead to oversight by inexperienced political appointees.

Judge Laura Swain says she has no authority to challenge fiscal plans.