Talking Markets Podcast - Muni Market Mid-Year Check-up with Eric Kazatzky of MacKay Shields
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Eric Kazatzky is a Managing Director and Client Portfolio Manager at MacKay Shields (an affiliate of New York Life Investment Management). As we’re just past the mid-way point of the year, Eric outlines YTD muni market performance, and shares a year-end performance outlook. We co
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4 itemsTop of the Morning: Muni Markets - The January effect
Top of the Morning: Muni Markets - The January effect
Top of the Morning: Muni markets - Policy matters
The desk views the municipal bond market as positioned for continued resilience amid evolving federal policies, with attractive yield spreads over Treasuries. Per the full note from UBS, while inflationary pressures and uncertainties around tariffs create short-term volatility risks, the expected tax-equivalent yields, especially in high-tax states, remain compelling. We highlight the yield advantage where in-state bonds exceed 7.5% after tax considerations, contributing to our barbell preference strategy outlined in the report.