Illinois is slated to offer $1.8B of general-obligation debt tomorrow at 185 bps over benchmark...


Illinois is slated to offer $1.8B of general-obligation debt tomorrow at 185 bps over benchmark AAA yields, 34 bps more than a similar sale 6 weeks ago. "(It) should be trading even cheaper," says Cumberland's John Mousseau. Nuveen's Tom Spalding disagrees, saying GO paper has first claim on taxes with which to pay bondholders.
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Comments (5)
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    ll the union pensions buy them...they deserve them
    30 Apr 2012, 03:19 PM Reply Like
  • Neil459
    , contributor
    Comments (2636) | Send Message
     
    Only a fool would buy them. Wait, that describes about 50% of the voters. What a sad state of affairs.
    30 Apr 2012, 03:23 PM Reply Like
  • Scooter-Pop
    , contributor
    Comments (4673) | Send Message
     
    Little Portugal, the Obama way
    30 Apr 2012, 04:55 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3527) | Send Message
     
    "Nuveen's Tom Spalding disagrees, saying GO paper has first claim on taxes with which to pay bondholders."

     

    First claim is the employees and their pensions. Remember GM bondholders had a first claim.
    30 Apr 2012, 09:15 PM Reply Like
  • Neil459
    , contributor
    Comments (2636) | Send Message
     
    "Remember GM bondholders had a first claim." Yep stealing, plain and simple, but demanded by corrupt voters supporting a corrupt President.
    1 May 2012, 08:34 AM Reply Like
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