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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Ninety percent of FINRA's operating expenses are driven by compensation and technology costs.
August 7 -
The risk Brightline Florida poses to the rest of the high-yield market may manifest in fund flows, investors said.
August 6 -
Some bondholders have retained legal counsel while others are in the dark about the company's plans.
August 5 -
Sequestration on direct-pay bonds kicks in Oct. 1 without a fresh funding bill.
August 4 -
Investors are watching an Aug. 13 refinancing on $985 million of bonds for proposed commuter line projects with southern Florida counties.
July 25 -
The fund's sell-off in June shows the challenges of accurate pricing in the high-yield muni market.
July 24 -
Larger dealer networks lead to lower markups, but smaller networks show evidence of potential collusion and market manipulation, the paper said.
July 24 -
It's among the more unconventional ideas being considered by public agencies facing large deferred maintenance backlogs.
July 23 -
While the cost of small trades is higher than institutional trades across all fixed-income markets, the gap is more pronounced in the municipal bond market.
July 22 -
First Southern LLC failed to timely and accurately report on trades executed for an affiliated hedge fund, FINRA said.
July 21
