Municipal Bond Track

The Municipal Bond track featured keynote speakers and panel discussions on the issues and trends affecting investors and issuers in the municipal bond market.

The 2017 agenda will touch on a variety of topics, with a focus on interesting municipal bond stories. Join us on Day 2 of the conference to learn more about these areas of interest:

Agenda

9:15-10:25 am
Municipal Market Strategy

10:55-11:30 am
Higher Education

11:45-12:20 pm
The State of the States

1:05-2:15 pm
The ‘State’ of Illinois

2:45-3:55 pm
Municipal Credit and the Real Estate Market

 

Speakers & Topics

Municipal Market Strategy
Mike Davern, CFA, Senior Vice President, Senior Market Strategist, Nuveen Asset Management

 

Higher Education
Roy Eappen, Municipal Securities Research, Wells Fargo

 

The State of the States
Roy Eappen, Municipal Securities Research, Wells Fargo

 

The ‘State’ of Illinois
Peter Stettler, Principal | Municipal Credit Analyst, Strategic Analytics Group, Piper Jaffray & Co. 

Illinois has slipped to the lowest rating among the states.  A political stand-off led to the state going two years without a budget allowing for the development of a backlog of unpaid bills approaching $15 billion. Furthermore, the state’s unfunded pension liability stands at $111 billion, with a funding ratio of 42%, leading to a need for increasing pension contributions placing additional strains on the state’s budget.  This session will explore the issues facing the state and how local entities are being affected, as well as look for opportunities among state credits.

 

Municipal Credit and the Real Estate Market
Rachel Cortez, Vice President/Senior Credit Officer/Manager Public Finance Group, Moody's

About our speakers

Peter Stettler_02468.jpgPeter Stettler, Principal, Municipal Credit Analyst | Strategic Analytics Group | Fixed Income Services, Piper Jaffray & Co.

An award-winning analyst, Peter brings over 20 years of experience in credit research and consulting to Piper Jaffray’s Strategic Analytics Group where he supports the firm’s sales and public finance efforts by focusing on general credit issues affecting the market.   Prior to joining Piper Jaffray, Peter worked in the municipal research department of two investment banks, BMO Capital Markets GKST, Inc. and EVEREN Securities, Inc.; the tax-supported and transportation groups at Fitch Ratings, where he co-led the airports rating team and served on the criteria committee; and the finance practice of Ricondo & Associates, Inc., a leading provider of feasibility studies and other financial consulting to the nation’s airports. 

Over the course of his career, Peter has had the privilege of supporting the financing teams on transactions for the City of Chicago and the Chicago Board of Education and the advisory team supporting the successful bidding consortium for the terminal concession at Billy Bishop Toronto City Centre Airport; leading development of feasibility studies JFK International Airport Terminal, LLC (operator of Terminal 4 at JFK International Airport), the City of Chicago – Chicago Midway International Airport, and the Metropolitan Nashville Airport Authority (Nashville International Airport); and serving as a rating analyst for major credits including  Atlanta Hartsfield – Jackson, Chicago O’Hare and Dallas / Fort Worth International Airports, the ports of Virginia, Long Beach and Canaveral, the Illinois Tollway, the cities of Chicago, Detroit and Milwaukee; the counties of Cook (IL), Milwaukee (WI) and Dane (WI), and special districts including the Metropolitan Water Reclamation District of Greater Chicago (IL). 

Peter is a frequent speaker at industry conferences and has been recognized for his coverage of important industry issues as a recipient of the Award of Excellence from the National Federation of Municipal Analysts (NFMA) and being named as a Second Team All-American Analyst – Airports by Smith’s Ratings and Research Review 10 times.  Peter served on the boards of the NFMA and the Chicago Municipal Analyst Society, and has been active in various industry groups including the finance committee of Airports Council International – North America and the lease task force for the Governmental Accounting Standards Board.  Peter holds Master of Public Administration – Urban Management and Bachelor of Science - Political Science degrees from Northern Illinois University.