Puerto Rico Munis Vs. Caribbean Austerity

Puerto Rican Municipal Bonds have been a hot topic of conversation in recent weeks. The government held a webcast on Tuesday to make the government's financial situation more transparent and settle the nerves of investors. Yields on financial instruments have spiraled upward in recent weeks, reaching levels above those during the 2008 financial crisis.

Sterne Agee analysts Todd L. Hagerman and Robert Greene released a report on the economy and the debt of Puerto Rico to accompany the webcast. The analysts see some strong trends for the country's bonds, but they feel the instruments...