Yield on Chicago School Bond Offering Hits 5.63%; Debate Over Risk; Miracles Not Coming; Bankruptcy the Sensible Option
MishTalk
APRIL 21, 2015
That is 285 basis points higher than Municipal Market Data''s benchmark triple-A scale. Illinois'' fiscal woes are significantly deeper and more serious than generally realized, with the state facing a $9 billion operating deficit in the fiscal year that begins July 1. Today a $295.7 The Yield Hit 5.63%. billion in the hole?
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