Commonwealth of Puerto Rico

The municipal market will get another healthy dose of issuance in the final full week before Thanksgiving. The calendar is chock full of deals from Illinois, as all issuers look to price bonds before the tax laws change.

Municipal bonds were markedly weaker at midday as market participants remain fixated on the newly released Senate tax reform proposal and how it compares with the House version.

Municipal bond market participants are scanning the news closely for details of tax reform provisions that affect them.

Though Federal assistance may have helped lessen the impact of Hurricane Maria, analysts said there are still "plenty of reasons to worry" about the government's ability to function.

The chair of the House committee that oversees Puerto Rico said after Hurricane Maria a "stronger mechanism" is needed to ensure Puerto Rico's recovery.

Creditor groups have come down on both sides of a hedge fund's constitutional attack on the PROMESA oversight board.

The Puerto Rico Oversight Board plans to shorten its fiscal plans to five years from 10 while still seeking structural balance,

The Puerto Rico Oversight Board will discuss revising the commonwealth government’s and its semi-autonomous entities’ fiscal plans Tuesday morning.

Municipals were firmer on Monday, as market participants awaited the week's first issues from Montgomery County, Md., and Phoenix.

Municipal bonds were little changed in midday activity as the market gets ready to see nearly $7 billion of new paper.