Commonwealth of Puerto Rico

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.