Press Detail

Illinois Bond Spread Hits Six-Month High Over Political Discord

Posted on January 24, 2018

Bloomberg

This article argues that uncertainty surrounding upcoming Illinois elections is partly to blame for the extra yield demanded by investors to hold certain Illinois bonds. Commenting on the amount of money Illinois paid in penalties on overdue bills last year, Civic Federation President Laurence Msall said that it was like lighting a billion dollars on fire for all the benefit taxpayers received from that spending.