State of Illinois

Municipal bonds were stronger as markets closed early ahead of the New Year’s holiday.

“We have starved our state of a fundamental economic investment and job creator,” said Chicago Mayor Rahm Emanuel.

Gov.-elect J.B. Pritzker will inherit $133.7 billion of unfunded pension liabilities, according to a nonpartisan state commission.

A Fitch Ratings looks at the credit implications of ideas pitched by Gov.-elect J.B. Pritzker.

Municipal bonds finished stronger on Friday ahead of the upcoming $9 billion new issue calendar.

Municipal bond investors will get to feast on a big new issue calendar, led by an almost $2 billion airport deal coming out of Chicago.

Amid a volatile equity market landscape, municipal bonds remained strong.

The state's backlog of unpaid bills could skyrocket to $23.7 billion without budget changes, said a new report from Gov. Bruce Rauner's administration.

Municipal bonds were stronger at mid-session as the market prepares for a quiet Thanksgiving holiday week.

Illinois' five state pension funds certified preliminary 2020 contributions may change, depending the results of planned buyout offers.

J.B. Pritzker tapped budget watchdogs and Chicago's fiscal chief for the budget transition committee.

Structural differences insulated Chicago bonds from the worst of the impacts of S&P's new criteria while dragging down the rating of Build Illinois debt.

The state's largest retirement fund is advancing the planned buyouts as its unfunded liabilities continue to increase.

S&P Global Ratings cut Build Illinois bonds after changing its criteria; the downgrade mirrors a Fitch Ratings action in May.

Bids were plentiful on the competitive deals but spreads were higher in the wake of two downgrades.

The New York City issuer led Tuesday's new issue supply surge as municipals traded mixed.

Deals from issuers in New York, Illinois, Tennessee and Minnesota hit the market on Tuesday.

Municipal bonds turned mixed on Monday as two New York issuers offered deals to retail buyers.

Deals from two New York issuers were offered to retail buyers on Monday as a supply-heavy week began.

The municipal bond market is set for almost $11 billion of new supply.