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 largest investors in the Brightline Florida train have negotiated new terms ahead of an Aug. 13 repayment deadline.
August 11 -
"Nothing could delay a restructuring or a consensual deal [more] than the existing board was doing," said Assured Guaranty CEO Dominic Frederico of the Trump administration's removal of Puerto Rico oversight board members.
August 8 -
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 -
The House cuts are less severe than those proposed in President Donald Trump's 2026 budget.
July 18 -
Streamlining federal permitting and partnering with state DOTs are among the priorities for the next surface transportation bill.
July 17 -
"It's time for this boondoggle to die," said Transportation Secretary Sean Duffy.
July 17 -
Prices for some bonds issued for Florida's express train have fallen sharply since Friday.
July 15 -
With big state incentives and tariff protection, a United Arab Emirates-based aluminum producer has pledged to build the first new U.S. smelter in decades.
July 15 -
The dueling lawsuits underscores the need for alternative dispute resolution in public-private partnership contracts, said a P3 attorney.
July 8 -
The policy shift may crowd out some projects, warned Baruch Feigenbaum, senior managing director of transportation policy at Reason Foundation.
July 7 -
Market participants launched the largest lobbying effort in recent memory to protect municipal bonds and got what they wanted as the tax-exemption survived.
July 3
