Still No Illinois Budget; S&P Downgrades Chicago Convention Center Bonds by 7 Notches; Will Schools Open?
MishTalk
AUGUST 6, 2015
Still No Illinois Budget Deal The NFIB reports Still No Illinois Budget Deal. In secondary market trading on Wednesday, the spread for some of the authority's bonds over Municipal Market Data's benchmark triple-A yield scale jumped to 136 basis points from 88 basis points on July 28. No budget deal. Not even a one-month budget deal.
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