In the Margins

Muni bonds likely to suffer from PR debt exposure

July 1, 2016

By InvestmentNews

Congress has stepped up to try to help Puerto Rico find a way out of its suffocating financial woes, which includes $70 billion worth of debt and $40 billion in underfunded pension liabilities. According to Morningstar, there are hundreds of municipal bond funds with varying degrees of exposure to Puerto Rico's debt, with some fund companies clearly more bullish than others on the bonds. Read the original story from InvestmentNews.

 

 

Most Read

10 Things
10 Things...to read in summer 2025

It's officially summertime, which means FBV's annual Summer Reading List is here. We curate the list each year by soliciting recommendations from our readers and friends ...

Top of the Agenda - Governance
ASA board enlarged, timeline to AGM unclear

ASA Gold and Precious Metals Ltd. shareholders voted at a special meeting last week to enlarge the closed-end fund's board and elected a fifth independent director, one ...