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.

Talkin’ Taxes

Munis and US Treasury directions diverge. With OBBBA completed, exemption uncertainty fades away. Some Muni sectors have post act headwinds. We explain in our latest MacKay Municipal Monitor.

Don’t Fear the Steepener!

We have a bit of rally underway. Muni curve had steepened at historical pace. However, slowing pace leaves some ratios in play. We explain in our latest MacKay Municipal Monitor.