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MAGNY Hybrid Panel: Understanding How Federal Decisions and Economic Conditions Impact Municipal Bond Markets
Thursday, March 14, 2024
Category: Events

Topic: Understanding How Federal Decisions and Economic Conditions Impact Municipal Bond Markets


Date: Thursday, March 14, 2024

Times:
• In Person: 11:30 - 1:30 pm ET (lunch and networking prior to program)
• Zoom Meeting Time: 12:30 - 1:30 pm ET

Location:
• New York City Bar Association, 42 West 44th Street, NYC, OR
• Zoom webinar

A Zoom recording of this program is available for one week for everyone who registered in advance.

Details:
"History doesn't repeat itself, but it often rhymes."

This panel will explore key federal and macroeconomic influences on municipal bond markets in 2024. Municipal bonds were the best performing fixed income asset class in 2023, with solid total returns powered by a remarkable bond rally in late 2023.

However, near-term uncertainties persist which lends caution to issuer and investor sentiment. Market expectations for rate cuts in 2024 deviate from the official Federal Reserve narrative and mixed economic data complicates the near-term rate outlook. Federal legislative actions in a highly charged political landscape and impending elections present both risks and opportunities. Sequestration-driven extraordinary redemptions for BABs are back in focus for issuers.  Credit fundamentals, resilient in recent years, will be tested in a slowing economic environment, with waning federal aid.

Join our panelists to discuss and highlight their expertise on:

•    Near-term rate expectations underpinned by macroeconomic forces, both domestic and global;
•    Supply side municipal market dynamics and assessing the trajectory of fund flows;
•    Identifying pockets of relative value at a time of stretched valuations; and
•    Prognosis for default/distress, highlighting the more vulnerable segments of the market.

Our Speakers:


Panelists:

Amanda Del Bene (link to bio)
Public Finance Investment Banking
Raymond James & Associates, Inc
New York

Thomas G. Doe (link to bio)
President
Municipal Market Analytics, Inc. (MMA)
New York

Asti Sheth (link to bio)
Managing Director Credit Strategy
Moody's Investors Service
New York

Moderator:

Marshall Kitain (link to bio)
Head of Municipal Bond Credit Analysis & Investor Marketing
JP Morgan
New York

This event is open to the press.

Cost:

MAGNY and other NFMA Members
:
$55 Zoom

$75 In-Person



Non-Members
:
$80 Zoom

$100 In-Person

Registration: CLICK HERE TO REGISTER

Questions? Contact [email protected].


Contact: [email protected]