July 26, 2017
In the July 14 issue of Bloomberg Briefs, Baird Advisors Senior Portfolio Manager Duane McAllister discussed his outlook for municipal performance for the rest of the year and his view on Illinois’ newly passed budget.
“The market is becoming more efficient at pricing risk surrounding pensions,” said McAllister, whose funds hold Illinoisgeneral obligation bonds and credits around the state.
Illinois' enactment of a budget was a good "first step" but the state still needs to enact further reforms
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