May 15, 2015 / 3:16 PM / 3 years ago

Yields on Puerto Rico bonds fall slightly

NEW YORK, May 15 (Reuters) - Yields on Puerto Rico general obligation bonds maturing in 2035 with an 8 percent coupon fell slightly in early secondary trading on Friday, to 10.387 percent in $5 million trades from where the bonds closed the day before at 10.512 percent.

Late on Thursday, Puerto Rico’s governing body reached a tentative agreement on new tax measures, potentially avoiding a government shut down and paving the way for a bond deal to raise as much as $2.95 billion. (Reporting by Megan Davies)

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