Puerto Rico

Magistrate Judge Judith Dein's decision may help creditors in their battle over the territory's fiscal plan and debt payments.

The board gave up on plan to reduce paid vacation and sick time and eliminate Christmas bonuses, but gained a promise of island-wide at-will employment.

Municipal volume will sink to $6.36 billion, with the California issuer responsible for a third of the week’s paper.

The decline in the unemployment rate is mostly due to emigration, a challenge as the territory restructures its debt.

Municipal bond volume slips back down to a more average level next week, after the market saw the biggest slate of the year hit the screens this week.

The National Federation of Municipal Analysts is concerned that a district court ruling on Puerto Rico highway bonds could be a landmark change for the worse when it comes to how investors view revenue bonds.

The Puerto Rico Economic Empowerment Act of 2018 would implement some of the recommendations made by a congressional task force as well as provisions left out of disaster relief legislation, according to the two Republican senators who offered it.

April’s General Fund collection was 15.7% higher than that of April 2017.

The effort by bondholders to work together is seen as a "positive development," though their plan was quickly rejected by the government.

Municipal bonds were mixed on Monday as buyers awaited the almost $10 billion of supply set to hit the market this week.