Insights

    Dec 6, 2018

Liquidity management: More critical than ever

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The municipal bond market has long been fragmented, complex, and less liquid than other fixed income markets...

    Dec 4, 2018

Short-Term Spreads Inverted — Is This a Concern for 2019?

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The yield curve has inverted in the two- to five-year range. In market terms, this means that a U.S. treasury maturing in five years yields less...

    Nov 30, 2018

Reducing equity sensitivity with convertible bonds

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After generating strong results over the first nine months of the year, the equity market fell sharply in October...

    Nov 28, 2018

Global growth is out of sync. Now what?

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In six weeks, the S&P 500 returned all investors’ gains in 2018. These market losses have prompted investors to reminisce on the previous 18 months of “goldilocks”...

    Nov 26, 2018

What’s next for high yield?

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October was tough all around for the market, and high yield bonds were no exception – they started out strong but quickly sold off as investors abandoned...

    Nov 16, 2018

Price inflation temporarily cools

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The consumer price index rose an expected 0.2% (excluding food and energy) in the month of October with year-over-year growth moving lower...

    Nov 15, 2018

Managing volatility with shareholder yield

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The stock market’s sharp pullback in October caught many by surprise and prompted investors to take a closer look at active strategies that can help mitigate volatility...

    Nov 12, 2018

Munis: Post 2018 election outlook

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MacKay Municipal Managers feels the outcome of the 2018 Midterm Election will be overall positive for the municipal market...