Klotz on Bonds:
News and perspectives from the president of FMSbonds:
A significant group of bondholders opposed to a restructuring agreement for Puerto Rico’s Cofina debt have now signed onto the deal.
The government of Puerto Rico, its fiscal oversight board and creditors are moving toward agreement on a significant chunk of its bond debt.
In the massive new tax law, investors in high-tax states knew one thing instantly: Their taxes would rise. Here’s what they turned to.