Monday, February 13, 2012

9:30 AM - 10:30 AM

THE STATE OF THE MARKET

Gavin Murphy Editor in Chief, THE BOND BUYER

Sarah Chessin Executive Director, J.P. MORGAN SECURITIES LLC

Peter DeGroot Managing Director and Head of Municipal Research, JP MORGAN

Ronald Green Controller, CITY OF HOUSTON

Justin Land Senior Vice President-Portfolio Manager, WASMER, SCHROEDER & COMPANY

Dennis Whittaker Vice President & Fixed Income Portfolio Manager, ARVEST ASSET MANAGEMENT

The municipal bond market stabilized in the first half of 2011, moving beyond the financial crisis that had required massive refunding activity. Texas ranks third in bond sales year to date. Houston places in the top ten at number nine in issuance. And most notable, Texas approved the highest number of nationwide bond issues on the November referendum at 36 for $9.7 billion. The state continues to be a leader in our nation with the highest amount of export revenues and one of the lowest homes to state and local taxes. Can Texas support its need for infrastructure growth? Where are the projects going? Can they be supported without downgrades? With no built in retail buyer base, what is the demand from investors to answer the need? How are issuers positioning themselves for more capital? Join our seasoned market leaders in a discussion about the state of the market and predictions for Texas in 2012.

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