Takeaways by Bloomberg AI
- Investors are demanding higher premiums to buy Chicago muni bonds as Mayor Brandon Johnson tries to close a deficit that tops $1 billion for the year ahead.
- Spreads on several tax-exempt Chicago bonds have widened recently, with the spread above benchmark muni securities jumping to 1.54 percentage points on Thursday.
- Chicago faces “a serious budget crisis” and tough choices between cuts and ways to raise revenue, according to a financial task force commissioned by the mayor.
Bloomberg Markets
By Shruti Singh
September 19, 2025