Junk-rated Chicago Public Schools seeing price talk around 140bps spread for $560m bond deal selling tmrw. That's about same it saw last time it came to market Sept. 2019, also during strike threat. Comparison, LA School District trades at 18bps and lower. Trader says market is +
shrugging off labor strife amid hunger for yield & low supply. A NY investor tho says he won't participate, linking union to Madigan & saying even if Madigan gone, culture will likely remain. “I’ve always thought that the militancy of the union & the power they have in state +
politics was a real negative for the district.” Also says state's fiscal problems may end up trickling down to districts. #muniland
You can follow @Caitlindevitt.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:
Those who think consciousness raising & movement building are disconnected, or even a distraction from electoral politics have not paid attention to the history of social change.In this thread, we
Read more
The 2020s will be known as the Remote Work decadeA few predictions of what is likely to emerge[ a thread ] Third Space: Office and Working from Home will
Read more
1/29: Have you ever had a concept explained to you that helps frame complex issues you’ve been wrestling with and opens your eyes to new possibilities? A concept that I
Read more
By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.