Latest PR Bond Yields

[Ad Orientem]

Holy @#&%!
http://puertorico.municipalbonds.com/bo ... ction:desc

If you are looking at these bonds you really need to be thinking in terms of buying for the income only. On the other hand with yields now well into the double digits you would likely get your money back in six or seven years.

[dualstow]

I was just thinking what a crazy topic this is, what with all the talk of national default.

[Ad Orientem]

Kyle Bass thinks Puerto Rico is going under...

Bass also weighed in on Puerto Rico , which has a debt crisis of its own that has it on the financial brink.

"You look at their finances and you say, 'I have no clue how this can continue to exist for very much longer.'"

Despite other municipal bond investors' faith in the commonwealth's debt and Moody's reaffirmation of a rating just above investment grade, "Clearly they're completely junk," he said.

"When Puerto Rico has its crisis, which it looks like we're on the precipice of, the write-downs have to be 80-90 percent on these bonds," he said.

From here...
http://finance.yahoo.com/news/no-way-he ... 15443.html