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Illinois files response to lawsuit challenging $14 billion of state GOs

JULY 25, 2019 | by Yvette Shields | THE BOND BUYER

“… The state’s 10-year and 25-year GO was trading at a 170 basis point spread to the Municipal Market Data AAA benchmark Monday compared to a 160 bp spread on July 10 and a 139/140 spread just before the lawsuit’s filing. ‘Illinois GOs have moved in a downward fashion since the lawsuit,’ said Daniel Berger, senior market strategist at MMD – Refinitiv. ‘I think it’s still in price discovery mode.’ …”
 

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