The Traderszone Network

Published in TZ Latest News 9 July, 2014 by The TZ Newswire Staff

Muni Fund Collapses To Record Lows As Puerto Rico Risk Rises

Quietly behind the scenes and away from the exuberant stock market trading headlines of the mainstream media, Muni bond markets are in turmoil. Thanks to the ‘shenanigans’ in Puerto Rico – after lawmakers last month approved a bill allowing some public corporations to restructure debt – PR bonds have collapsed to record lows (and dragged a number of large Muni funds with them).


As Bloomberg’s Michelle Kaske reports,

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