Commonwealth of Puerto Rico

Municipal bond traders were returning to their desks on Tuesday with their eyes fixed on falling yields as they await a rather quiet primary market.

The workers would join 3,500 already on the island, where 45% of the power authority's customers are still without service after September's hurricanes.

The municipal bond market will see a shortage of new supply kicking off the new year, after experiencing a record-breaking month in which almost $63 billion of bonds sold.

The municipal bond market will see a shortage of new supply going into the new year, after experiencing a record-breaking month in which more than $61 billion of bonds sold.

Municipal bonds strengthened Tuesday as the primary market shifted to holiday mode after breaking the December record for issuance.

The number of people employed in Puerto Rico during November fell 1.8% from July.

The municipal market will be staffed by skeleton crews as the calendar has no negotiated deals and only small competitives, which don't even total $3 million — and another long holiday weekend right around the corner.

The muni market absorbed almost $58 billion, a record for December, before a holiday hiatus to end the year.

The Puerto Rico Oversight Board gave extensions to Puerto Rico’s government and public authorities for fiscal plan submissions.

Fresh from a victory on Friday, bondholders and insurers are asking the Title III bankruptcy court to award them additional documents connected to the sales and use tax.

Bond analysts and Puerto Rico political leaders were voicing concern Friday over a new tax on territories reportedly included in the Republican federal tax bill.

The municipal bond market next week will continue to see above-average volume, albeit at a much slower pace than this week, as $11.14 billion of deals are on the calendar.

Municipal issuers continue to race to market with deals before the calendar turns over, as the tax bill may limit issuance in 2018.

Over two months after Hurricane Maria devastated Puerto Rico, the island’s government still hasn’t received any of the $4.9 billion of short-term loans promised in the storm aid package Congress passed at the end of October.

The act gives the federal government flexibility in how to deal with Puerto Rico, the department said in answering a challenge by Aurelius Capital.

By continuing to insist on their pound of flesh, bondholders will lose more.

Puerto Rico expects its central government revenues to come in 25% short of budget in this fiscal year.

While money on hand was better than expected, the island's financial advisory authority warned that expenditures will worsen.

A longtime bond professional explains why he’s an understanding holder of Puerto Rico general obligation debt -- and angry investor in the island’s sales tax revenue bonds.

Sen. Bernie Sanders, I-Vt., introduced a comprehensive support bill for Puerto Rico and the U.S. Virgin Islands Tuesday, calculated to cost up to $146 billion.