Guam, Virgin Islands Favored Over Puerto Rico
Municipal investors looking for a getaway from the lowest yields in a generation are favoring Guam and the U.S. Virgin Islands over Puerto Rico as their destination of choice.
Issuers from Guam, the U.S. island about 4,000 miles west of Hawaii, have gained 11 percent this year, more than any state or territory, Barclays Plc data show. The Virgin Islands have earned 10 percent. Guam exceeds the return on Puerto Rico debt by the most since at least 2001. It is also beating the municipal market by the most in more than a decade and for the fourth straight year.
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