Puerto Rican offering should lead busy weak for municipals


Puerto Rico's $3B debt issuance could happen as soon as tomorrow, reports Bloomberg. It would be the U.S. territory's first sale in two years and follows a cut in its credit rating to junk last month (by all three major agencies)

The muni market overall is expected to see $11B in long-term offerings this week, the busiest pace since late last year as 10-year muni bond yields fall to their lowest level since June.

Related ETFs: MUB, HYD, BAB, PZA, MUNI, TFI, ITM, HYMB, MLN, CMF, SHM, BABZ, BABS, XMPT, SUB, NYF, PRB, PZT, SMB, CXA, SHYD, PWZ, PVI, SMMU, MUAF, INY, MUAE, MUAD, MUAC, VRD, MUAG, GMMB, MUAH, RVNU

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs