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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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 -
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Massive transit projects have funding momentum, and traditional road and bridge projects are advancing as well despite political opposition and some shaky funding.
March 29 -
Republicans argued the longtime transit and airport CEO lacked the experience necessary to head the FAA.
March 27 -
President Joe Biden's fiscal 2024 budget zeros out spending for the popular RAISE grant program.
March 24 -
The state seeks "long-term stable funding" to advance the nation's largest infrastructure project, which remains in slow motion after almost 15 years.
March 23 -
Until now, the battle over the role of ESG factors in investing has played out on the state level.
March 21 -
The MTA, which expected to begin collecting the tax next year, has revised downward its 2024 projections as federal review is taking longer than expected.
March 20 -
The collapse of Silicon Valley Bank and Signature Bank clouds the economic landscape and complicates monetary policy decisions but it's a long way off from the troubles banks and broker-dealers faced in the 2008 financial crisis.
March 17 -
President Biden's budget would allow large transit agencies to divert formula capital grants to operations in 2024, a move that one transit official said may hurt smaller agencies.
March 16 -
Thirty brokerage firms overcharged for the Santa Rosa bridge bonds after relying on data vendors who provided incorrect factors to determine the price.
March 15 -
So far 12 states have enacted ESG statutes with 67 pending statues in 28 states, according to the Morgan Lewis law firm. Florida's anti-ESG bill goes farthest.
March 15 -
The legislation, which passed the House last week, comes as the state nears a key 2026 decarbonization deadline.
March 14 -
The Australian toll road operator couldn't agree on terms with the state for the first phase of the project, which has been dogged by controversy and delays from the start.
March 10 -
On the policy front, the budget would allow large urban transit agencies to use federal capital grants for operating costs and gives states more private activity bond volume flexibility for housing.
March 9 -
After a brisk 2021 that saw a record number of P3 deals reach financial close, last year slowed to only 16 closings, according to Husch Blackwell's sixth annual P3 trends report.
March 8 -
A U.S. default would trigger a cascade of downgrades, including of municipalities, Moody's Analytics says.
March 8
