Puerto Rico general obligation bonds
—
position
long
Jim Grant
Thesis
Long-dated Puerto Rico general obligation bonds, specifically the 5s of 2041 trading at 65.40 to yield a triple tax-exempt 8.18%, are seen as speculative but appropriately priced for the risk involved.
Did it work?
Not yet analyzed
No outcome has been scored for this pitch yet, so there's no verdict to show.