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Illinois to sell $850 million of bonds as investors brace for junk status

OCTOBER 20, 2020 | by Karen Pierog | REUTERS

By Karen Pierog, includes “Illinois is scheduled to sell $850 million of bonds on Tuesday as investors demand fatter yields for the state’s debt due to increased worries over its deep financial woes, which were exacerbated by the coronavirus pandemic. … Still, John Mousseau, president and CEO of Cumberland Advisors, said the high yields will attract buyers. ‘People will buy it. They are yield-starved,’ he said.” 

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