The House passed a bill that would treat municipal bonds as “high-quality liquid assets” under new banking rules. A companion bill is expected to be introduced soon in the Senate. Rules… Read More »

The chairman of a U.S. House committee said legislators will be able to come up with a plan by next month to address Puerto Rico’s fiscal problems. In December, U.S. House Speaker Paul Ryan… Read More »

As Puerto Rico’s debt saga unfolds, the rights of individual investors must be recognized. To that end, we have forwarded the following letter to U.S. Speaker of the House Paul Ryan and Senate… Read More »

Puerto Rico paid interest due on its general obligation bonds but diverted cash set aside for its infrastructure bonds, a move insurers deemed as illegal. Earlier this week, Puerto Rico defaulted… Read More »

Puerto Rico’s electric utility reached an agreement with insurance companies and bondholders to restructure its debt and provide it with an infusion of cash to help modernize its facilities. The… Read More »

We know what many muni investors are thinking: The Fed raised rates, so now municipal bond yields will take off. If that sounds right, we urge you to reconsider. Conventional thinking posits… Read More »

With the December Fed meeting just around the corner, a fresh round of interest-rate guessing is upon us. However, unlike previous bouts of overheated prognostications, a dollop of reality seems… Read More »

Having toiled in the municipal bond market for more than 40 years, we are accustomed to the financial media’s focus on the stock market and its often mistaken notions of muni intricacies and… Read More »

The Obama administration is proposing a wide-ranging plan to fortify Puerto Rico’s finances that includes a way for the beleaguered commonwealth to restructure its $73 billion in debt. The… Read More »

Speculation over when the Federal Reserve will raise interest rates has been elevated to Super Bowl status by the financial media. Just as sports writers dwell on field conditions, injuries… Read More »