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Puerto Rico Bonds Tumble After Governor's Warning

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Is Puerto Rico America's Greece?

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Prices on Puerto Rico’s newest general obligations sank to record lows after Governor Alejandro Garcia Padilla said investors should be prepared to sacrifice if they want the cash-strapped island’s economy to grow.

General obligations maturing in July 2035 traded Monday as low as 68.5 cents on the dollar, down from an average of 77.3 cents Friday and the weakest since they were first issued at 93 cents in March 2014, according to data compiled by Bloomberg.