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Illinois Pension Reform Efforts Squeeze Penalty to 2011 Low
Bloomberg 
Apr. 1, 2013
"Investors betting the worst is over for Illinois have driven its debt to the strongest level in two years as the state offers $800 million of general-obligation bonds, its biggest sale in 11 months. ... Four months after Democratic Governor Pat Quinn released a video showing a cartoon of 'Squeezy the Pension Python' threatening to strangle the capitol building in Springfield, investors are looking to Illinois debt to pad returns. Buyers demand 1.3 percentage points of extra yield on 10-year debt from Illinois and its localities, close to the smallest since February 2011, data compiled by Bloomberg show."
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