|Bid||50.69 x 100|
|Ask||55.97 x 200|
|Day's Range||55.70 - 55.84|
|52 Week Range||54.01 - 57.97|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.45%|
It is no secret that the commonwealth was in financial trouble long before the hurricane wiped out the island’s infrastructure. In May, Puerto Rico asked for what was essentially bankruptcy relief in federal court.
High-yield municipal bond income seems like a dream come true in today’s market. The ability to capture a 4%-plus income stream with little taxable impact in a strongly trending credit environment is the ideal situation for many retirees. Illinois recently received a downgrade in its credit rating status to one notch above “junk” level and Puerto Rico is still embattled over its gigantic debt restructuring deal as well.
Patrick Luby is the municipal strategist at CreditSights Wealth. With most municipal bond total return indices strongly positive, year-to-date net flows into muni bond ETFs have now eclipsed the $2 billion mark, although the pace of inflows is slower than last year, when $3.2 billion was added in the same period.
Earlier this month, 97 percent of Puerto Ricans who participated in a non-binding referendum voted in favor of Puerto Rico becoming the 51st U.S. state. Puerto Rico has been officially classified as a ...
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.
Puerto Rico shares a story similar to Greece's (GREK) in terms of its dismal economic performance and exacerbated debt issues.
The board overseeing Puerto Rico (PZT) (HYMB) filed for bankruptcy protection in a much-anticipated move in 2017.
Congress has until midnight on Friday night to avoid a partial government shutdown by passing a spending bill to fund government operations. While most investors are hoping to avoid the headache of a shutdown, ...
As we approach the 100th day of Donald Trump's presidency, the "Trump Trade" appears to have slowed significantly. Are investors willing to wait for Trump to enact his policies, or his a pullback coming soon?
Puerto Rico’s debt hit a record low today after President Donald Trump suggested the island’s debt may have to be wiped out after Hurricane Maria’s destruction.