Ones to Watch: 6 July 2016

Americas: Puerto Rico defaults; teacher protests in Mexico; security issues at the Olympics On 1 July Puerto Rico defaulted on US$911m of bond payments, paying roughly half of the US$2bln of debt due on 1 July. The biggest missed payment was for US$780m of general-obligation bonds, which marked the island’s first default on its constitutionally guaranteed debt. Legislation…