Update on Puerto Rico Bonds – June 29, 2015

Written by: Michael Joyce On Monday, the Governor of Puerto Rico, Alejandro Garcia Padilla gave an interview that provided a grim assessment for the finances of the Commonwealth, which in turn, could have negative implications for bondholders of credits in Puerto...

Market Commentary for April 28, 2015

For at least the past two years there has been widespread expectation in the financial community that long-term benchmark U.S. Treasury yields will rise.   Behind this thinking: The conclusion of the Federal Reserve’s extraordinarily accommodative monetary policy...

Update on Puerto Rico Bonds – April 28, 2015

Written By: Michael Joyce   Lawmakers in Puerto Rico are wrangling over a tax reform bill while the April 30 deadline for an agreement between the Puerto Rico Power Authority, bondholders and banks approaches. Meanwhile, prices on longer-term bonds issued by entities...

Market Commentary for January 15, 2015

Market Comments for the period ending 01.12.2015 The first full trading week of 2015 is now in the books.  One week does not a trend make but if the results are any indication of what is to follow, the financial market ride this year might be quite bumpy. Over the...

Crisis in Puerto Rico Bonds

Written By: Michael Joyce This short work week has seen chaos with tax-free bonds issued by various issuers in Puerto Rico that led to double-digit losses in some longer-dated debt.  However, this chaos may create opportunity to buy some of the stronger Puerto Rico...