What Puerto Rico's Prepa Bankruptcy Means for Munis

The video discusses the recent court ruling on PREPA bonds, which significantly reduced bondholder claims, catching the market off guard. It explores the potential for bondholder appeals and the implications for financially challenged utilities. The discussion shifts to investment strategies in municipal bonds, highlighting the benefits of lengthening duration and the potential advantages of muni investments, including yield and tax benefits. The video concludes with insights into market trends and the impact of low muni issuance.

What was the ruling made by the judge overseeing the bankruptcy of the Puerto Rico Electric Power Authority?

What was the agreement between the bondholders and the federal oversight management board prior to the ruling?

How did the market react to the judge's ruling regarding the bondholders' claims?

What factors are influencing the attractiveness of the municipal bond market currently?

What potential impact could the low issuance of municipal bonds have on prices in the market?