Myth vs. Reality: What’s Really Happening in the World of Municipal Bonds?
March 17, 2011
New York, NY
Credit Quality in the Municipal Bond Market
On March 17, 2011, the Investment Company Institute and SIFMA’s Asset Managers Group sponsored an event in New York, NY, that focused on credit and other issues prevailing in the municipal market. The issue of credit quality in the municipal bond market has been receiving considerable attention in recent months. Indeed, the increase in yields in the municipal market since last fall has been attributed by some to deteriorating municipal credits, and one prominent analyst has predicted a large volume of municipal defaults.
- Municipal credits and possible municipal defaults
- Insights into the extent of fiscal problems and credit pressures at the state and local levels
- Loss of Build America bonds
- Deleverage among certain categories of investors
- Liquidity issues