Wednesday, March 14, 2012

4:00 PM - 5:00 PM

2012 MUNI MARKET OUTLOOK: VOLUME AND DISTRIBUTION

Moderator: Ed De La Rosa President, DE LA ROSA & CO.

Mikhail Foux Director, CITI

Thomas Kozlik Director & Municipal Credit Analyst, JANNEY CAPITAL MARKETS

Craig Noble Managing Director, Retail Fixed Income, WELLS FARGO ADVISORS

Ben Watkins Director of Bond Financing, STATE OF FLORIDA

Long-term muni issuance sank to a 10-year low of $287 billion in 2011, a drop of 33 percent from 2010s record levels. However, things picked up at the end of the year, with more than a third of the annual total issued in the fourth quarter. Fierce bidding for competitively bid deals helped municipalities secure some of their all-time lowest yields. Next year is looking much better. Hear from this panel of leading experts what they think the outlook holds.

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