{"id":69958,"date":"2019-07-05T00:09:25","date_gmt":"2019-07-05T04:09:25","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=69958"},"modified":"2019-07-04T23:51:24","modified_gmt":"2019-07-05T03:51:24","slug":"traders-shrug-off-suit-challenging-14-billion-of-illinois-debt","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/07\/2019\/traders-shrug-off-suit-challenging-14-billion-of-illinois-debt.html","title":{"rendered":"Traders Shrug Off Suit Challenging $14 Billion of Illinois Debt"},"content":{"rendered":"<p>\n(Bloomberg) A lawsuit Monday seeking to have $14.3 billion of Illinois bonds thrown out by a court lit up the phone lines of Wall Street trading desks, where analysts fielded calls from investors worried about the odds their investment in the state\u2019s debt could be worthless.<br \/>\nBut trading prices show bondholders see little chance that the legal challenge will succeed.Taxable Illinois debt issued in 2003, which was targeted in the lawsuit, slipped early Tuesday, when a customer sold $5 million worth for about 103 cents on the dollar, down from an average of 104.5 cents Monday. <\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-07-02\/traders-shrug-off-suit-challenging-14-billion-of-illinois-debt\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) A lawsuit Monday seeking to have $14.3 billion of Illinois bonds thrown out by a court lit up the phone lines of Wall Street trading desks, where analysts fielded calls from investors worried about the odds their investment in [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-69958","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/69958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=69958"}],"version-history":[{"count":1,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/69958\/revisions"}],"predecessor-version":[{"id":69959,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/69958\/revisions\/69959"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=69958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=69958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=69958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}