Puerto Rico

Municipal bonds remained stronger on Thursday as deals from Indianapolis and California issuers came to market.

A motion in Title III bankruptcy court by holders of $4 billion of PBA bonds may thwart an effort by the Oversight Board to nullify $6 billion of general obligation bonds.

The Board's authority to certify fiscal plans has become a flashpoint in an escalating battle with Puerto Rico's government.

Jaresko on Monday cited the almost universal dissatisfaction with the board as proof that it was doing its job.

The 2016 law is under fire from bond holders over the Oversight Board's failure to provide enough money for debt service and from local politicians over the board's efforts to impose fiscal austerity.

The General Obligation group's lawyer says the board should focus on structural reforms and not legal challenges to bondholder claims.

Municipal CUSIP requests rose 16.7% in February, signaling possible growth in bond supply.

The board says that the governor appears to be deviating from the approved budget.

For the ninth week in a row, cash rushed into municipal bond funds. Analysts explain why.

While the board is also seeking high court review, its goals are opposite of those of the union.