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.
-
The key question for issuers will be how lawmakers decide which funds are protected and which are open to being rescinded.
May 10 -
A downgrade of the nation's credit would shake the muni market.
May 9 -
If implemented, New York's congestion pricing plan will be the first in the nation.
May 8 -
"The vast majority" of state and local issuers would be resilient to a one-notch downgrade in the U.S. rating, Moody's said.
May 4 -
Streamlining the federal grant process should start with getting rid of the "government legalese" that complicates notice of funding opportunities, experts said.
May 2 -
JPMorgan's move to acquire First Republic and its muni portfolio eases the risk of nearly $20 billion of munis flooding the market.
May 1 -
It's one of four state cases accusing Wall Street banks of a "robo-resetting" scheme that kept interest on variable-rate debt artificially high.
April 28 -
Pandemic funding cuts may pop up in any of the four big-ticket, must-pass bills Congress will take up this year.
April 27 -
One of the largest P3s in the university energy space has landed in court three years into a 50-year contract.
April 26 -
Except for the riskiest sectors, high-yield credit fundamentals appear to be strong, but rising interest rates and fund outflows are dampening primary and secondary market activity.
April 24 -
The $7 billion portfolio consists of highly rated, lower-coupon muni debt. It is unlikely to be a single auction and the firm is currently circulating the list on the Street to gauge interest.
April 20 -
"The funds made available to local governments in the American Rescue Plan Act have been a lifeline to our nation's communities," said National League of Cities CEO Clarence Anthony.
April 20 -
The FAA reauthorization bill is a big-ticket transportation item facing Congress this year.
April 19 -
It's unrealistic to ask transit agencies, even financially stables ones, to solve larger social problems like homelessness or inequity, says an expert.
April 18 -
The House Republicans proposal to avoid a debt limit default relies on spending cuts and "capturing" unspent COVID aid.
April 17 -
A John Miller-less speculative bond market may mean more diversification and price transparency, say some investors.
April 14 -
Brian Wynne joins Jefferies as co-head of the municipal syndicate, while Morgan Stanley continues to see turnover in its muni ranks.
April 12 -
The federal funds may not go as far amid inflation, but they still cushion the construction industry struggling with economic challenges.
April 11 -
Part of the problem may be the lack of a muni finance tax expert in Treasury, a position that has been vacant since 2019.
March 30 -
