CHICAGO — Illinois’ $500 million bond sale next week will offer a fresh view into the market’s appetite for yield versus risk as investors digest a barrage of negative fiscal news about the state, from pension reform stuck in the political muck to a warning that coffers are running precariously low.

Comptroller Judy Baar Topinka on Monday warned of a $9 billion bill backlog and a $1 billion shortfall in funds needed for social and human services.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.