The U.S. territory's leaders could go a long way toward reducing skepticism in Congress by purging the overt corruption and fiscal mismanagement that has marred the government for a decade.
Many of the same macro factors that supported the muni market in 2015 like modest inflation, manageable supply and consistent demand will continue throughout 2016.
Talk about being put on hold, the Federal Reserve might not make a move on interest rates until September unless the economy picks up.
More states are getting their fiscal houses in order, which makes municipal bond funds an increasingly attractive choice for income hungry investors.
U.S. treasury yields are likely to remain low and range bound this year, and spreads right now look cheap to fundamentals in many cases.