As the fiscal saga continues for Puerto Rico and it’s residents the impact has been crushing for the bond holders in 2015. The total market value of bonds tracked in the S&P Municipal Bond Puerto Rico Index has fallen by over $7.5billion. Chart 1: Total Market Value of Bonds in the S&P Municipal Bond Puerto Rico Index…
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The S&P Municipal Bond Puerto Rico Index was the only state or territory index to finish the quarter in the red, down 1.25% with its yield to worst at 7.89%. Yields continue to rise as investors become more skeptical about Puerto Rico’s ability to fulfill obligations to their creditors. The S&P Municipal Bond Puerto Rico…
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