Puerto Rico’s September and October net revenues came in 12.3% above projections. The net revenues were 0.2% above those of September and October of 2021, despite the impact of Hurricane Fiona in September, the Puerto Rico Treasury Department reported. The hurricane led to a several-day power outage. Beyond its immediate economic effects, the department allowed
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The municipal bond market shrank, retail continues to access it, and broker-dealer holdings have grown, the latest Federal Reserve data show. Fed data show the outstanding universe of munis shrinking in the third quarter in terms of both par basis and market value, said Matt Fabian, a partner at Municipal Market Analytics. The value of
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