Peter Hayes, head of municipal debt at BlackRock Inc., talks about Puerto Rico’s debt restructuring and investment strategy. Hayes, speaking with Carl Riccadonna, Cory Johnson and Olivia Sterns on Bloomberg Television’s “Market Makers,” also discusses Federal Reserve policy and the municipal bond market. (Source: Bloomberg)
Does Puerto Rico Pose a Systemic Risk to the Broader Muni Market?
Peter Hayes discusses why Puerto Rico’s woes are unlikely to prompt broader market turmoil.