State of Illinois

The municipal bond market will see another moderate new issue calendar this week, with about $4.9 billion of offerings going up for sale

Another low volume week is on top, but the scarcity value is driving demand as the market continues to be strong in the face of rising interest rates.

The municipal bond market will see another light new issue calendar next week with volume estimated at $4.86 billion.

Illinois paid more to borrow in Wednesday's bond sale compared to last year, though yields narrowed from recent trading levels.

Municipal bonds were weaker Tuesday as Illinois sold $500 million of bonds and the N.Y.&N.J. Port Authority deal was priced.

The recent performance of munis has reset relative valuations to more attractive levels, according to BlackRock's Peter Hayes.

The payment of interest penalties lags as Illinois works to repay its mountain of bills.

Solving the state's pension crisis will require politically painful options for taxpayers and public employees.

Municipal bonds finished weaker on Monday ahead of a what will be an busy Tuesday with a few billion of new issuance hitting the market.

Officials want to cast the state's fiscal health in a more positive light even as offering documents lay out a starker assessment.