Stand by Chicago a higher risk free rate may be on the way from the Fed.
highlights the long-term pressure on the city from shortchanging its retirement funds year after year -- decisions that are now adding hundreds of millions of dollars to its annual bills and have left it with a lower credit rating than any big U.S. city but once-bankrupt Detroit.
more Chicago pension problems by @elizabeth_news. and IL spreads widest in 3months. 184bps vs 176bps average: https://t.co/Ej3Wx1V8Tf— Taylor Riggs (@TaylorRiggsMuni) May 20, 2016