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 new law's uncertain impact on cities and states has been a hot topic at the GFOA's annual conference this week.
May 23 -
When it comes to federal funds flowing to cities and states, top issues to watch are a potential claw back of stimulus aid, fresh infrastructure fund opportunities and guidance on first-of-its-kind tax credits.
May 22 -
Brightline's luxury train in Florida accounts for half of the Nuveen High Yield Municipal Bond Fund's top 10 positions.
May 18 -
The CTA is looking for the state to boost operating funds to help solve a looming $400 million annual shortfall.
May 18 -
Bolstered by key political support, states across the southeast are building toll roads through public-private partnerships to manage congestion.
May 17 -
Banks reduced their quarterly muni holdings during the first quarter at the fastest rate in 20 years, per Municipal Market Analytics.
May 12 -
Democrats and Republicans each said the other party's position on ESG investing carries additional costs for states.
May 11 -
The key question for issuers will be how lawmakers decide which funds are protected and which are open to being rescinded.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
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