Investors Should Note How Un-2022 This Year Is

Muni Valuations Recalibrate. Why This Year is Truly Different. Still constructive on Munis. We explain in our latest MacKay Municipal Monitor.

Looking For Safety in the Wrong Curve Places

As rates continued to move higher amid macro and geopolitical volatility, municipals remained resilient, outperforming Treasuries in key parts of the curve while highlighting a growing dynamic across fixed income. With significant crowding into the front end in search of safety, investors may be giving up meaningful income and total return potential. In a market defined by evolving rate expectations, municipals offer a more efficient way to balance quality, income, and opportunity across the curve.

Technical Curve Dynamics Tilt Advantage to Team Muni

Rate rise continues, with mixed results. Curve dynamics create opportunities. Issuance not muni boogey man. We explain in our latest MacKay Municipal Monitor.

Use Case for Municipals Being Proven in Private Credit Cracks

Broader rates weaken, munis hold on. Munis show resilience in diverging credit market. Municipals are a far cry from private credit. We explain in our latest MacKay Municipal Monitor.