"Puerto Rican muni bonds are my recommendation for a risky thing to buy because they have priced in a lot of problems," the closely followed investor said Monday at the Sohn Investment Conference in New York.
Gundlach said investors could earn about 11 percent in tax-free yields on Puerto Rico securities that mature in 2035, which have recently traded around 78 cents on the dollar.
Gundlach said investors could earn about 11 percent in tax-free yields on Puerto Rico securities that mature in 2035, which have recently traded around 78 cents on the dollar.
Puerto Rico bonds a good bet? Jeffrey Gundlach says yes
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