Puerto Rico

Municipal bonds were little changed on Monday as supply concerns prompted Bank of America Merrill Lynch to cut its 2018 forecast to $365 billion of issuance.

Jose Ramírez has yet to acknowledge wrongdoing in misleading investors about Puerto Rico debt and may pose a continued threat to investors, SEC lawyers told a federal judge.

Bank of America Merrill Lynch has revised its forecast for yearly municipal bond volume down to $365 billion.

Senate president threatens lawsuits against anticipated Oversight Board labor policy and budget.

Municipal buyers expect the city of Los Angeles to hit the market running as it plans to competitively sell almost $1.9 billion of notes and bonds.

Municipal buyers will see a $5.3 billion new issue calendar next week, with the biggest deals coming out of Los Angeles.

The legislature faces a June 30 deadline for making labor law changes or the Oversight Board will impose a previously certified plan that includes reductions in employee benefits.

The sale and lease of assets could raise money to pay off the power authority's debt.

Without a centralized review, a series of fragmented studies could well create a quagmire for the bankruptcy court.

The territorial government's resistance to the labor law may prompt Oversight Board to approve its own version of the budget due this month.