Puerto Rico

He said the board has been inaccurate in its financial predictions and that he wouldn’t participate in any cuts to pensioner benefits.

But size isn't everything as the value of the municipal bond market increased.

Rating criteria changes and a ruling in the Puerto Rico III case have undermined some investors' and analysts' confidence in revenue pledges.

Investors will see nearly $10 billion of weekly bond volume in a calendar composed of $6.4 billion of negotiated deals and $3.4 billion of competitive sales.

BofA Securities priced the county’s $700 million of tax and revenue anticipation notes.

The central government has $2.2 billion more than projected, raising hopes that bondholder losses may be mitigated.

The commonwealth overall has been allocated $42.3 billion in disaster aid since Hurricanes Maria and Irma struck the island, not counting the new funding approved by Congress.

The disaster-aid measure was delayed for about six months amid Trump’s objections to additional aid for Puerto Rico.

Municipal bond buyers are prepared Monday to see almost $7 billion of volume head their way this week.

The board referred 13 public entities to the Puerto Rico Secretary of Justice and U.S. Department of Justice.