Tax exempts enjoying a strong September start. Historical performance of exempts in focus. Latest academic study provides 3rd party support. We explain in our latest MacKay Municipal Monitor.
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Muni Credits Emerge as Potential Must Start Defense for Portfolios
Munis hope to buck September trends. Lack of correlation puts Munis front and center. Defensive allocations in portfolios are key. We explain in our latest MacKay Municipal Monitor.
Munis Prove to Be Compelling Portfolio Addition for Back to School
Munis appear attractive. Relative spreads at decades wide levels. Managing duration and call exposure, just as important as credit. We explain in our latest MacKay Municipal Monitor.
Muni Market Still Firmly a Retail Focus
Muni performance is mixed along the curve. $20 trillion of cash/cash equivalents may need a home. Muni market offer lists speaks to retail dominance. We explain in our latest MacKay Municipal Monitor.
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