Trump Speaks and a $3.8 Trillion Market Hears an Existential Threat
- The idea that states could stiff investors spooks Wall Street
- Puerto Rico bonds take record plunge after ‘Hannity’ interview
Trump Cannot Eliminate Puerto Rico's Debt, Says Rattner
This article is for subscribers only.
Even before Wall Street awoke, Wednesday looked like a wild day for the nation’s $3.8 trillion municipal-bond market.
Few might have predicted just how wild things would get.