Puerto Rico's governor stunned the market in late June with the announcement that the island s significant debt was "not payable." BlackRock's Municipals Teams offers an analysis and discusses why Puerto Rico isn't a systemic threat.
The Fed is gearing up to raise interest rates, but there are some pretty big factors that will work to keep longer-term rates relatively subdued. Rick Rieder, Chief Investment Officer of Fundamental Fixed Income, looks beyond the Fed.
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