National Outlook 2021: After COVID, market braces for next challenges

More than a year since COVID-19 threw the globe into chaos, the municipal market, which finances three quarters of the nation’s infrastructure, has proven its resilience in the face of severe challenges.

The market digested a record year of issuance. State and local governments managed the crisis and the federal government has injected the economy with rounds of stimulus that have propped it up like no other time in recent history.

How the industry weathered the worst public health crisis in over 100 years to bring to market the amount of bonds it did, and to recover as it did, is a testament to its resiliency and its necessity for the state and local governments it serves.

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Challenges remain, but so do opportunities.

From rethinking post-pandemic credit to evaluating the impact of the Biden administration on the municipal bond market, The Bond Buyer’s National Outlook Conference, taking place virtually on March 31, will gather industry leaders to discuss their predictions and explore key factors driving the market in 2021.

With a focus on national and regional trends, this is the destination for a comprehensive overview of insider perspectives and insights that can’t be found elsewhere in the industry.

We will get an update on the industry’s thoughts on pivotal topics through various panel discussions. For the first time, through the results of an industry-wide survey The Bond Buyer conducted in late-February and early March, we will discuss how various market participants themselves see munis in 2021 and beyond.

Here is a preview of what The Bond Buyer’s National Outlook conference has in store.

Outlook on opportunities for the year by industry leaders
The grim prospects for the muni industry that were initially expected when the economy came to a halt last March never completely materialized. Because of COVID-19 and its effects on economic activity, the sector will continue to face some headwinds. So what do the industry experts and leaders anticipate for the market in 2021? We’ll hear from market experts from UBS Financial Services, RBC Capital Markets and Ramirez & Co.

With a new administration, pros from the GFOA, SMBC, the state of Florida and Cozen O’Connor will give their take on how the Biden administration and a Democrat-controlled Congress will affect the municipal market from a policy perspective.

The economic damage of the pandemic is becoming increasingly evident every day. But what will be the short-term and long-term effects on the credit community? The major rating agencies will explore a post-stimulus landscape and how credit has been changed by COVID.

The pandemic has caused disruptions to all businesses and governments, both large and small, and the municipal finance industry has been no exception. How has the municipal market fared? Do we have the right tools in place to get the business of bonds done in 2021?

We will glean firsthand intelligence to tell the story of municipal finance amid COVID-19 from the results of The Bond Buyer’s Municipal Industry Survey. Leading experts from bond insurers to credit strategists to issuers themselves weigh in a year after the pandemic began about how we move forward.

Automation is increasingly being used to identify relative value for municipal bonds. A panel will discuss how technology has evolved since COVID began and where it is headed. Experts from MarketAxess, J.P. Morgan’s Pricing Direct, Lumesis and Munite will offer their insights to this growing area in muni finance.

Join fellow leaders in the municipal industry for a deep dive into the challenges and opportunities of a post-pandemic market at national and regional levels. Register today and see you on the 31st.

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