Sell Oppenheimer Muni Funds on Puerto Rico Risk, Ameriprise Says
Oppenheimer funds held $3.5 billion worth of Puerto Rico securities as of March 31, the most of an mutual fund group, according to Morningstar.
Puerto Rico Says It Will Default Even With Congressional Aid
As the Senate prepared to vote on a debt restructuring bill for Puerto Rico, its governor said the island would default on more than $1 billion in GO debt Friday.
Puerto Rico to Default on $37 Million of Payments Due Jan. 1
Puerto Rico governor says $35.9 million Infrastructure Financing payment to be skipped; $1.4 million Public Finance Corp. debt will not be paid.
Which Puerto Rico Bond Defaults Next? 42% Yields Provide a Clue
Puerto Rico will default in 2016. The question is, will it happen as soon as Jan. 1?
Puerto Rico Avoids Default by Making December Bond Payments
The island's governor may claw back some revenue to pay for essential services and general obligation debt.
Worries Peak on Puerto Rico Utilities Debt After New Bankruptcy Law
After debt-restructuring bill’s passage, bondholders watch to see if the commonwealth's electric utility will make Tuesday payment; two fund companies sue to declare law unconstitutional.
FINRA Examining Trading in New Puerto Rico Bonds
The Financial Industry Regulatory Authority said it’s examining trading in the $3.5 billion of general-obligation bonds that Puerto Rico sold this month.
Biggest Muni Bond ETF’s Premium Grows as Fund Exodus Abates
After the worst year since 2008 for municipal debt, the shift to a premium for muni ETFs points to a potential return to earnings