Indexology®: At 50 cents on the dollar can Puerto Rico cause more pain for the muni bond market?

The S&P Municipal Bond Puerto Rico Bond Index has barely eked out a positive return so far in 2015. Meanwhile, bond prices in the Index are averaging 50 cents on the dollar. The low point for the average bond price in Puerto Rico was July 8th 2014 at 47.27 cents on the dollar. Just as...