Bonds

Chicago Tests War-Rattled Muni Market With $800 Million Bond Sale

Workers next to tracks for the CTA red line during construction in Chicago. — Workers next to tracks for the CTA red line during construction in Chicago.
Photographer: Christopher Dilts/Bloomberg

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By Shruti Singh

March 9, 2026 at 5:47 PM UTC

Chicago is set to test the municipal bond market as war in the Middle East upends global markets.

The third-largest US city is scheduled to sell $800 million in general obligation debt Tuesday, on the heels of a downgrade from Fitch Ratings. That includes $508 million taxable and $292 million tax-exempt, according to bond documents dated Feb. 27.