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Illinois is on verge of approving budget before May deadline

MAY 31, 2018 | by Elizabeth Campbell | BLOOMBERG

Includes "Illinois’s bonds, which had already rallied this month amid optimism that a budget would be approved on time, edged up in early trading Thursday, when they were the most frequently traded municipal securities. Taxable debt due in 2033, the most active, climbed 1.4 percent to 96 cents on the dollar, pushing the yield down 14 basis points to 5.49 percent, according to data compiled by Bloomberg. The broader municipal market was unchanged."

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