Puerto Rico

Bond buyers saw the Massachusetts EFA and Milwaukee as the last new deals closed up shop.

The governor accused the Oversight Board of having “overstepped its boundaries, making it an even more undemocratic entity.”

The suits against non-bond creditors are a step in an effort to claw bank money that will extend to bondholders.

Democratic representatives hailed the decision, which averts an interruption of the effort to restructure the island's debt.

Board says it it will sue those who held at least $2.5 million of the challenged bonds from May 2013 to May 2017.

The municipal bond market is waiting with anticipation for this week's new issues.

The board says it will file law suits seeking to claw back funds from bondholders before the end of Thursday, May 2.

Municipal bond buyers will be seeing more than $5 billion of supply headed into the market.

Judge Swain's ruling complicates the Puerto Rico Oversight Board's effort to recover payments on $6 billion of bonds that the board deems to have been illegally sold.

Puerto Rico’s Federal Oversight Board is asking the U.S. Supreme Court to overturn a ruling that deemed its members unconstitutionally appointed.