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Gov. J.B. Pritzker says preservation of the investment-grade status is "very important;" Illinois bonds traded wider after the income tax referendum failed.
November 5 -
The defeat of Gov. J.B. Pritzker's "Fair Tax" strikes down a pillar of his plan for the state's wobbly finances and increases risk to the state's bond ratings.
November 4 -
The fate of the state budget and ratings may depend on the progressive income tax ballot measure. Midwest voters also face $2.3 billion of bond measures Tuesday.
November 2 -
The current deal deluge is causing a minor yield pullback, but levels have been steadier than many probably thought, trader said.
October 21 -
Favorable sale results compared to recent secondary trading levels prompted MMD to narrow Illinois' spreads on average by 10-30 basis points across the curve with the short-end seeing the biggest improvement.
October 21 -
Municipals weakened as supply surged into the market, with AAA yields up by as much two basis points on longer-dated maturities.
October 20 -
Cameron Mock, chief of staff and senior fiscal advisor to the deputy governor of Illinois, Melissa Dubowski, deputy finance director of the city of Houston and John Markowitz, assistant treasurer of Transurban, join Innovation Editor Lynne Funk to discuss their day-to-day work navigating COVID-19 effects, budget stresses and the future of public finance post-pandemic. (25 minutes).
October 20 -
The coronavirus pandemic took its toll on Hawaii's credit rating Monday as Fitch cuts the Aloha State's GOs to AA. NYC TFA announces $1.1B sale for next week.
October 19 -
Tough decisions on spending and taxes lay ahead if Illinois voters reject a progressive income tax structure and federal coronavirus relief fails to pan out.
October 19 -