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.
Previous Articles
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.
High Absolute Yields Give Investors Reason Not to Reach too Hard for Credit
Smaller Dealer Balance Sheets Start to Transform Market. How Cheap Can Munis Get? Buyers Pump Brakes on Reaching for Yield. We explain in our latest MacKay Municipal Monitor.
Taxable Munis Strengthen the Fixed Income Core
Taxable Muni bonds provide strong core complement. Muni Curve tells tale of two different markets. Differing ratios reinforce Muni cheapness. We explain in our latest MacKay Municipal Monitor.
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