Government Development Bank for Puerto Rico

Judges at a hearing this week appeared sympathetic to arguments that the board's appointment was unconstitutional.

Municipal bonds finished mostly stronger Monday. The market will be closed Wednesday in honor of former President George H.W. Bush.

Municipal bonds were stronger at midday, as traders get set to see about $9 billion of new issues come to market this week.

Municipal bonds finished stronger on Friday ahead of the upcoming $9 billion new issue calendar.

Municipal bond investors will get to feast on a big new issue calendar, led by an almost $2 billion airport deal coming out of Chicago.

The transaction will restructure about $4 billion of Government Development Bank debt.

Amid a volatile equity market landscape, municipal bonds remained strong.

Municipal bonds were stronger at mid-session as the market prepares for a quiet Thanksgiving holiday week.

It's the first court authorization for a workout of a commonwealth debtor since the island began defaulting on its obligations in 2015.

Puerto Rico bonds gained in a mixed muni market as a revised fiscal plan projected a bigger surplus.

Municipal bonds were stronger on Monday ahead of this week’s rather paltry new issue supply calendar.

Weekly bond volume is forecast to fall to $5.9 billion from $10.3 billion in the prior week.

Municipal bond supply plunges to under $6 billion next week after seeing over $10 billion of new issues priced this week.

Rising interest rates have created a lot of early October red ink in the bond markets, says J.R. Rieger.

The municipal bond market returned from a three-day holiday weekend only to see action pick up where it left off last week — with yields heading higher.

The agreement ends an attempt by unsecured creditors to scuttle a restructuring of $4.1 billion bond debt.

Puerto Rico entities paid millions for rejected proposals, lost $1.1 billion on risky interest rate bets.

A hearing on the unsecured creditors' bid for standing was postponed to Friday to allow time for the talks.

If the unsecured creditors prevail in challenging the negotiated deal, the consensual restructuring of $4.1 billion may be thrown out.

The intermediate and long end has moved cheaper, creating an opportunity to add some yield to muni portfolios, says Triangle Park's J.R. Rieger.