◀ The Principal Blog

Posts from the ‘Fixed Income’ category

Puerto Rico Has Some Wiggle Room For Now, but Will It Be Enough?



In the realm of municipal bonds, the enormous problems facing Puerto Rico are well-known: part Greece, part California, and part dodo bird.  There is no possible way that the commonwealth rebounds…the financials are a disaster…these are comments we’ve heard ad nauseam. These comments,…

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Navigating Macro Headwinds While Searching for Yield – A Capital Structure Approach



You walk into work one morning, fill up your coffee cup, turn on your computer, and click over to your favorite news site. In an instant, you see there’s rioting in the streets of Istanbul. Argentina’s currency is in a freefall. The Federal Reserve has hiked interest rates unexpectedly, while…

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