Munis Face Little Spillover from Puerto Rico’s Woes, So Far

Even as Puerto Rico moves closer to a debt default and its bonds trade near record lows, the repercussions for the broader municipal market have been muted. For example, iShares AMT-free Muni Bond (MUB) only fell slightly the day after it was reported June 28 that Puerto Rico’s governor said it’s debts are “not payable.” It has [...]