Here are some more bracing statistics, via Randall Forsyth at Barron’s, about just how crazy Puerto Rico’s borrowing has been. The island’s tax-free and relatively high yields have resulted in its debt comprising a wildly disproportionate share of the long-term municipal ...
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After the market close the other day Moody’s downgraded Puerto Rico’s municipal debt by three notches, lowering its estimation of the island’s bonds to junk status. I wrote about the Puerto Rican debt crisis last year in December. Puerto Rico’s risky municipal debt ...
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The other day Matthew noted a Deutsche Bank study that reported that Dutch Sovereign bonds are paying near their lowest yields since 1517, which is as far back as anyone has records. No matter where you go, interest rates seem ridiculously low. Here in the United States the bellwether ...
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It takes about $25,000 to buy corporate or municipal bonds in a lot that is able to secure a reasonable commission. Bonds purchased in smaller amounts incur excessive brokerage fees. For investors who don’t have enough money to purchase individual bonds efficiently, bond mutual funds (and ...
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