The Chicago 77

For the price of a condo, you very well could buy 2.7 million square feet in downtown Chicago. Sadly, after 13 years of failed re-development efforts, the US Postal Service is auctioning off what was once described as the world?s largest Post Office with a suggested opening bid a measly $300,000. Hard to believe that […]

5 August 2009 – Today the bond market opened down 31 bps. On Monday and Tuesday combined the bond market was down a total of 94bps. The bond market then bounced back due to a weaker ISM report (46.4 versus the expected 48). Also more job losses were reported, expectations were for job losses to […]

30 July 2009 ? Today the bonds opened down 6 bps and continued to slide and are currently (12:00 p.m.) down 22. The seven-year Treasury Note auction is today at 1:00 p.m EST and this may pressure bonds again. No auctions are scheduled next week, but we need to get through this week’s auctions for […]

The Postal Service has decided to auction off the site of the old post office at 433 W Van Buren. Built in 1932, this building straddles the Eisenhower Expressway and is on the National Register of Historic Places. It was the largest postal facility in the US, but was vacated in 1995 when the USPS […]