“Illinois sold $1 billion in general obligation bonds, paying less to borrow than they did in a similar sale in June, a sign that the state’s efforts to close a gaping pension gap are drawing back investors.”

“Even so, Illinois’ borrowing costs are still the highest among U.S. states, reflecting lingering uncertainty over its ability to carry out reforms and boost revenue. Investors demand 0.84 percentage point more to buy Illinois 10-year debt over California issues.”