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Puerto Rico Bond Traders Still Find Buyers Despite Epic Collapse

Since that filing, the 50- and 200-day moving averages for daily trade volume have increased by 17 percent and 6 percent, respectively.

“It has become more clear that there isn’t much money,” said Matt Fabian, a partner with Municipal Market Analytics Inc. “Maybe Puerto Rico investors were too optimistic in what they thought the control board would do or what Puerto Rico could theoretically pay them.”

While the securities are easily sold, some are still hovering near record lows. 

Tim Holler