Latin America

Puerto Rico benchmark bond drops to record low after Trump remark

The price of Puerto Rico's benchmark general obligation bonds tumbled to a record low on Wednesday after U.S. President Donald Trump suggested the island's massive debt load will have to be wiped out due to the devastation caused by Hurricane Maria.

Puerto Rico benchmark bond drops to record low after Trump remark

The price of Puerto Rico's benchmark general obligation bonds tumbled to a record low on Wednesday after U.S. President Donald Trump suggested the island's massive debt load will have to be wiped out due to the devastation caused by Hurricane Maria.