Investors cut $147 billion of municipal bonds in the fourth quarter, compared to $83.1 billion the previous quarter.» Read More
CNBC's David Faber and Jim Cramer discuss the status of Puerto Rico and the problems the commonwealth faces.
CNBC's Rick Santelli and Matt Fabian, Municipal Market Advisors managing director, discuss the muni bond market, and Puerto Rico's downgrade and economy.
Moody's Investors Service downgraded Puerto Rico's general obligation debt rating to junk status on Friday.
Downgrading Puerto Rico's debt took "cojones" though it was long overdue, according to one bond pro.
Discussing the fallout if Puerto Rico defaults on its massive muni bond debt and what investors should do with their money, with Laurence Gottlieb, Fundamental Advisors chairman and CEO, and Shawn O'Leary Nuveen Asset Management senior research analyst.
Pimco's Bill Gross discusses Puerto Rico's troubled debt and shares his Fed forecast, calling the taper "a good thing."
The downgrade of Puerto Rican debt by the S&P is hitting many U.S. municipal bond investors. Hans Humes, Greylock Capital Management Chairman & CEO, provides insight.
Alexandra Lebenthal, Lebenthal & Co. president & CEO, discusses the S&P's move to downgrade Puerto Rico's general obligation debt to junk status and if other creditors, like Moody's, will follow suit.
Explaining why S&P downgraded Puerto Rico debt to junk and the likelihood of a U.S. bailout, with Horacio Aldrete-Sanchez, S&P credit analyst.
CNBC's Michelle Caruso-Cabrera reports the S&P has downgraded Puerto Rico's general obligations bonds to junk status.
CNBC's Michelle Caruso-Cabrera looks at how Puerto Rico, an island with a population of 3.7 million, came to owe more than $70 billion. The government has raised taxes and cut pensions to help make up the shortfall.
CNBC's Michelle Caruso-Cabrera provides insight on Puerto Rico's debt, and what big names in business say about investing there.
CNBC's Michelle Caruso-Cabrera reports there is a special exemption law in U.S. securities law that if you live in a territory like Puerto Rico, you can invest in closed-end funds in which you get tax-free dividends.
Puerto Rico is in a struggle to borrow money—and it has to do it quickly if it wants to keep ratings agencies happy.
Puerto Rico Treasury Secretary Melba Acosta, and PR Government Development Bank Chairman David Chafey, discuss the pressure Puerto Rico is under from ratings agencies to borrow from markets over concerns of short-term liquidity needs. Puerto Rico has $70 billion in debt plus unfunded liabilities of $30 billion.
Puerto Rico is under pressure from ratings agencies to prove they can borrow money or face a downgrade, reports CNBC's Michelle Caruso-Cabrera.
The White House is not considering a financial bailout for Puerto Rico, an Obama administration official says.
Larry McDonald, Newedge USA senior director, and Dan Loughran, Oppenheimer Funds, discuss the threat Puerto Rico poses to the $4 trillion U.S. muni bond market. CNBC's Michelle Caruso-Cabrera provides insight.
Puerto Rico's territory is small, but its municipal bond market impact could be huge as it faces a potential default.
The willingness of Puerto Rico to pay is very strong, says Daniel Loughran, Oppenheimer Funds, explaining why he is still bullish on the country's muni bonds despite its "structural budget deficits."