The Markets

    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 19, 2017

Three Reasons Why Investors Should Consider Small Caps

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After solid performance in the 2nd half of 2016, U.S. small caps have struggled relative to their large-cap peers...

    Jul 17, 2017

Are Bank Loan Repricings All Priced In?

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Amid target Fed Fund rate increases by the Federal Reserve, investors have flocked to bank loan funds due to...

    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 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...

    Jun 21, 2017

Does High Yield Make Sense in Today’s Environment?

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High-yield bonds began 2017 yielding 6.5% with spreads at what were then at a 27-month low of 476 basis points...

    Jun 16, 2017

What’s Behind the Strength in Foreign Developed Equities?

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Foreign developed equities, as measured by the MSCI EAFE Index, are off to a strong start in 2017...