Caitlin Devitt has covered the municipal bond market since 2008. She began her journalism career at the Herald Newspapers on the South Side of Chicago, starting as a reporter and rising to Managing Editor. While at The Bond Buyer, she covered the Detroit bankruptcy among other Midwest-based stories. Devitt joined Debtwire Municipals in 2016, where she covered the high-yield municipal bond market for five years, before returning to the Bond Buyer as Senior Infrastructure Reporter. She lives in Chicago with her family.
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The proposal is an effort to placate Republicans worried about the reconciliation bill's deep cuts to Medicaid.
June 26 -
The selloff highlights the lack of accurate pricing and credit information across the speculative-grade muni market.
June 24 -
"The market itself should want to look at this because no one wants to give the perception of impropriety," said an investor of Stefanik's allegation that Harvard withheld material information regarding its ongoing conflict with the Trump administration.
June 23 -
Washington and Oregon are still nailing down the final cost and toll rates for the long-planned replacement for the aging spans carrying I-5 across the river.
June 20 -
The rock-bottom prices show the risks of a high-yield market where liquidity is famously limited.
June 18 -
The Senate needs 51 votes to pass the bill, which has already sparked opposition from moderate and conservative Republicans.
June 17 -
The California High Speed Rail Authority said state funds and a potential public-private partnership would be able to cover the initial Central Valley segment.
June 13 -
Hospital spreads have widened as investors wait to see how the One Big Beautiful Bill will impact providers.
June 12 -
The bill would exempt lead service line replacement projects from the IRS' private business use test.
June 11 -
"The broader themes from the demand perspective are that it's choppy and people are not necessarily jumping into high-yield munis with both feet," said First Eagle's John Miller.
June 10 -
Cities and states have until Aug. 1 to apply for the funds.
June 6 -
"Nobody knows what scoring means," Trump said as the dispute over how the "One Big Beautiful Bill" plays out.
June 5 -
The bullet train's delays and cost overruns amount to a material project change and event of default under the federal-state agreement, the FRA said.
June 4 -
The longtime muni bond strategist left Wells Fargo earlier this year.
June 3 -
"These are the types of products that financial advisors are asking to see from us," said First Eagle's John Miller.
June 2 -
The $44 million of unrated bonds, placed only with qualified investors, feature 9.5% coupons.
May 30 -
Investors want to be compensated for the uncertainty.
May 29 -
The judge ruled the administration cannot freeze New York's federal funds in its bid to halt the controversial tolling program.
May 27 -
The Senate will likely revise the House bill, which left tax-exempt bonds untouched after months of speculation.
May 22 -
The state supreme court agreed to review the ruling in favor of a group of Wall Street banks that whistleblower Edelweiss said cost the state at least $100 million.
May 22
