Insights

    Jul 19, 2017

Rebuilding America: Muni Mid-Year Update

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As the administration and Washington, DC work through the agenda, MacKay Municipal Managers believes there will be more clarity and activity related to...

    Jul 18, 2017

Is Your Bond Index in Trouble?

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When it comes to core fixed income, the universal benchmark is the Bloomberg Barclays U.S. Aggregate Bond Index (“the Agg”). Many investors simply accept...

    Jul 17, 2017

Small Companies, Big Opportunities?

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Small-cap stocks rapidly appreciated on an absolute and relative basis, following the 2016 U.S. presidential election. Trump’s victory and an onslaught of positive economic...

    Jul 7, 2017

Global Interest Rates Rise on Improving Economic Data

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After falling for most of the year, the U.S. 10-Year Treasury yield reached 2.13% on June 26 – its lowest level of...

    Jul 5, 2017

Crude Oil: Current Price Action Creates Opportunities

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After a remarkable recovery in 2016, crude oil is back in bear-market territory, as West Texas Intermediate crude...

    Jun 27, 2017

The Reflation Trade

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An increase in inflation has been much anticipated, but slow to arrive. Following the November election, the so-called “reflation trade” sparked a sell-off in bonds, driving the...

    Jun 23, 2017

Crude Oil in a Bear Market

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After an impressive recovery in 2016, crude oil pricing is facing adverse conditions again so far in 2017. With spot prices for...

    Jun 22, 2017

Tug-of-War: Fed Signals vs. Market Pricing

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As expected, the Fed raised the Fed Funds Rate by 25 bps at its June meeting. Committee projections...