|Bid||30.00 x 500|
|Day's Range||30.95 - 31.00|
|52 Week Range||28.33 - 32.42|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
Patrick Luby is the municipals strategist with CreditSights Wealth. While Puerto Rico continues to dominate the muni market headlines, trading in Puerto Rico bonds has totaled less than 3% of muni trading volume so far this quarter (through May 15, according to MSRB data from Bloomberg). With the bulk of attention focused elsewhere, muni yields have generally moved lower so far this year, lifting most of the muni indices into positive territory. Bond prices rise when yields fall.
The board overseeing Puerto Rico (PZT) (HYMB) filed for bankruptcy protection in a much-anticipated move in 2017.
Puerto Rico has some $73 billion of bond debt and nearly $50 billion of unfunded pension obligations. Governor Ricardo Rosselló just announced that he would go to federal bankruptcy court, seeking refuge ...