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Puerto Rico Bondholders Bullish on Post-Bankruptcy Economy
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Puerto Rico bondholders are expected to benefit from rising federal support for the island territory as it leaves bankruptcy behind, cementing a profitable trade for many investors who brokered its restructuring.
The financial oversight board in Puerto Rico approved a new fiscal blueprint on Thursday that accounts for the Biden administration’s efforts to drive additional federal funding to the territory, taking pressure off its budget and freeing up money for investments. With the higher federal support, Puerto Rico can now...
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Russia likely to recognise crypto as form of currency: Report moneycontrol.com /2 years ago
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