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Illinois bond yields overtake California’s on ratings downgrade

|Includes:AFB, AKP, APX, AYN, BAF, BBF, BBK, BCK, BCL, BFC, BLN, BMT, BRM, BSE, BYM, LEO, MMA Capital Management, LLC (MMAC), MUNI, MYI, RMUNX, VGM, VIM, VTF, VTJ, VTN
10-year bonds on the State of Illinois general obligation (GO) debt reportedly overtook California State GO debt last week after 2 credit rating downgrades and more budget deficits expected in the future. California credit default swaps, however, still trade slightly higher than Illinois CDS for now.

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