Puerto Rico

Major Puerto Rico bondholders are balking at a tentative agreement that would steer to owners of sales-tax-backed debt a large chunk of the revenue they’ve been pledged, threatening to prolong a fight over one of the biggest issues in the island’s record-setting bankruptcy.

A brief period of peace between the Oversight Board and the governor may soon end.

Muni bond buyers were wary ahead of this week’s smaller-than-average new issue calendar as Federal Reserve policy makers gathered.

Municipal bonds were mixed ahead of this week’s smaller-than-average new issue calendar and the FOMC meeting.

The proposed settlement may determine how much money is available for the biggest class of bondholders in Puerto Rico's municipal bankruptcy.

Munis will see more than $5 billion of new supply, with the Federal Open Market Committee set to meet next week and raise interest rates again.

Municipal bond buyers will see a smaller-than-average new issue calendar as issuers remain cautious ahead of the Federal Reserve's monetary policy meeting

Magistrate Judge Judith Dein said she'd take up the investigation issue at a June 18 hearing.

The bankuptcy court will hear a motion Wednesday to allow the probe, which could undercut billions of dollars in bondholder claims.

Puerto Rico was by far the largest recipient of emergency relief funding allocated by the Federal Transit Administration.