Chicago Is Luring Bond Buyers on Improved Ratings, Market Tone – Bloomberg/Yahoo

Chicago institutions are borrowing more than $1 billion this week, helped by Wall Street’s improved outlook on the city and a bright spot in a bleak year for the municipal bond market.
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Pat S.
6 months ago

Who in their right mind would consider purchasing Chicago bonds?

I mean, really?!?!?

Riverbender
6 months ago

Just remember when it comes to Chicago borrowing it is often for feel good spending programs for the Illinois free Stuff Army and you the taxpayer are on the hook for the bills despite not being able to vote one way or another on the programs. Illinois getting higher bond ratings just makes the States bad situations worse and as usual the taxpayers, once again, are on the hook.

Ex Illini
6 months ago

I’ll pass on Chicago bonds.

Where's Mine???
6 months ago

I assume none of these bonds are “scoop & toss” if they issued at 5.5% return? But what is “refunding bonds”? What is city “refunding”?—- “city sold $513.5 million in refunding bonds for Midway International Airport”

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