Another indicator points to financial trouble in Chicago.
The Chicago Board of Education sold $675 million in bonds on Wednesday, with yields hitting 8.5 percent, according to Reuters. That yield is only about 1 percent lower than the yield on 10-year bonds issued by cash-strapped Greece and roughly equal to the yields on Greek 30-year debt.
The Chicago general obligation bonds, which are due in 2044, are not directly comparable to the Greek bonds. But the yields show just how much concerns about the financial state of Chicago have grown.