Short end of the curve offers compelling argument for value/return. Municipals eager to narrow the performance gap vs Treasuries. Supply wave looks to test 2024 high water mark. We explain in our latest MacKay Municipal Monitor.
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Turn of Spreads Set to Lure High Yield Muni Tourists
President Trump signs into law the “One Big Beautiful Bill Act”. Municipals fail to follow post tax bill rate dump. High Yield Muni spreads look to normalize from cycle tights.
We explain in our latest MacKay Municipal Monitor.
Tax Tortured Coasts Aren't The Only Focus
Senate begins debate on provisions of the One Big Beautiful Bill. Muni summer gets underway with heaviest cashflows of the year. It is not just coastal tax burdened residents who benefit from Muni exposure.
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