{"id":38276,"date":"2013-11-12T18:51:38","date_gmt":"2013-11-12T23:51:38","guid":{"rendered":"http:\/\/countingpips.com\/?p=38276"},"modified":"2013-12-07T12:25:21","modified_gmt":"2013-12-07T17:25:21","slug":"video-chicago-bonds-hold-up-in-light-trading-after-downgrade","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2013\/11\/12\/video-chicago-bonds-hold-up-in-light-trading-after-downgrade\/","title":{"rendered":"VIDEO: Chicago Bonds Hold Up In Light Trading After Downgrade"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><script language=\"javascript\" type=\"text\/javascript\" src=\"http:\/\/player.grabnetworks.com\/js\/Player.js?id=1767162&#038;content=vbd7b0ba6c3192b3122da4f946539791ad3ac32af&#038;width=542&#038;height=304&#038;tgt=grabnetworks\"><\/script><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>U.S. municipal bonds issued by Chicago held up in light trading even as the city&#8217;s debt suffered another triple-notch ratings downgrade on mounting concerns about its public pension liabilities. Late on Friday, Fitch Ratings cut its credit rating on Chicago&#8217;s $8 billion of unlimited tax general obligation bonds to A-minus from AA-minus, citing the city&#8217;s lack of meaningful fixes for its underfunded city worker retirement system. In one of a handful of small Chicago debt trades on Monday, some of the city&#8217;s 30-year taxable bonds, due January 2040, opened lower at 92.6 cents on the dollar from 93.5 cents on Friday.<\/p>\n<p><img src='http:\/\/images.grab-media.com\/wochit_news\/2013\/11\/12\/a5ec1cc8517ad343ec58c5a43060dd8330da25a1_thumbnail.jpg' \/><\/p>\n<p><!--post_img[http:\/\/images.grab-media.com\/wochit_news\/2013\/11\/12\/a5ec1cc8517ad343ec58c5a43060dd8330da25a1_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. municipal bonds issued by Chicago held up in light trading even as the city&#8217;s debt suffered another triple-notch ratings downgrade on mounting concerns about its public pension liabilities. Late on Friday, Fitch Ratings cut its credit rating on Chicago&#8217;s $8 billion of unlimited tax general obligation bonds to A-minus from AA-minus, citing the city&#8217;s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2013\/11\/12\/video-chicago-bonds-hold-up-in-light-trading-after-downgrade\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;VIDEO: Chicago Bonds Hold Up In Light Trading After Downgrade&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-38276","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/38276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=38276"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/38276\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=38276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=38276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=38276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}