Municipal Bonds

NEW YORK-A-A-1 is this week’s loser, down -3.6% from $117.94 to $113.73 with the announcement that all city workers will be required to have at least one vaccine dose before the end of the month as New York continues its battle against Covid-19.

PR GO RFDG-PUB IMPT- is this week’s winner, up 3.88% from $80.50 to $83.63 after Puerto Rico agrees to remove pension cuts previously included in the debt plan as they continue their bond restructuring process.

LONG BEACH CA CCD-H ranked on the Quote Volume list this past week increasing from 6 to 42 quotes as Moody’s assigns a Aa2 rating due to district’s large and diverse assessed value that indicates further favorable growth.

PR GO RFDG-PUB IMPT- is this week’s winner, up 3.22% from $81.00 to $83.61 after the House of Representatives approved legislation that allows the commonwealth to sell restructuring bonds to cut $19 Billion in debt.

CHICAGO IL TAXABLE-P is this week’s winner, up 3.35% from $126.40 to $130.63 as they announce a plan that would grant certain households $500/mo stipends, following similar relief to that provided under earlier in 2021.

PR GO RFDG-PUB IMPT- is this week’s winner, up 2.95% from $80.25 to $82.61 as Cuba’s Cimba and Mexico’s drug and medical device marketer Neuronic Mexicana announced a joint venture that seeks to increase the value of biotechnology products by financing clinical trials in underdeveloped countries.