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THE BOND BUYER: Chicago STSC up to 40 times oversubscribed on long end

January 16, 2020

On heels of a successful GO deal on Wednesday, the market easily digested more Chicago paper on Thursday as the Chicago's Sales Tax Securitization Corporation deal was as much as 40 times oversubscribed and bumped 30-35 basis points in repricing."The municipal market has been on a tear and Chicago benefitting from a demand imbalance," said Brian Battle, director of trading at Chicago-based Performance Trust Capital Partners.

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