Municipal Bond Forum
Hold Puerto Rico bond?
Q
I own Puerto Rico bonds and they are down. Should I continue to hold them for the long run or trade them for, say, Connecticut bonds? What are their chances of default?
A
James A. Klotz responds:
Because there are a multitude of issuing entities in Puerto Rico with varying degrees of credit quality, we cannot offer an opinion without being aware of your specific holdings.
In general, we are not anticipating an imminent default on any Puerto Rico municipals.
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The responses provided in this forum are meant to address specific questions posed by investors about their municipal bonds and to provide market insight for our general audience. Please note, your investments, objectives, results and experience may differ significantly. Our answers and any potential strategies discussed should not be construed as a solicitation to buy nor sell any security or investment product. All investing entails risk.