|
|
|
|
|
|
|
|
|
|
| Email |
Sonja.campbell@sourcemedia.com
|
|
|
|
| Category 2 |
Business: Financial
|
|
| Category 3 |
Business: Banking
|
|
|
|
|
| Contact |
1 State Street Plaza, 27th Floor, New York, NY, 10004
|
|
|
|
|
|
| Description |
In light of the credit crunch and deteriorating housing market, uncertainties over interest rates, investor demand, and bond insurers have the municipal bond market on its toes.
Questions over credit quality and the value of bond insurance will also affect how borrowers sell their debt. The relationship between rates in the municipal market and those on Treasuries could also indirectly affect the way issuers approach the market this year. How are you dealing with the ongoing turmoil in the capital markets?
The divergence of these markets has made hedging difficult and brought pain to many of the hedge funds, broker-dealer proprietary deals, and other arbitrage investors in the municipal market. Municipal yield curves will steepen this year, and credit spreads are widening. The market turmoil has also impacted the auction-rate security market and is forcing issuers to mitigate away from the auction rate market to more secure forms of debt. Issuers, more so now than ever before, need to closely monitor their portfolios and plan accordingly for the future.
How are you protecting your portfolio and planning for the future?
The Bond Buyer's <font color="blue">8th Annual National Municipal Derivatives Institute </font>- the only national municipal derivatives event – is an opportunity to learn how to deal with the volatility in the market and find a new derivative product to hedge your municipal portfolio against potential risks.
Don't miss this opportunity! Register Early for the best Rates. <a href://www.sourcemediaconferences.com/BBDeri08/register.html">Register now!
|
|
|
|
