Ian France discusses the muni market’s tone, long-end value, and how active managers are approaching credit and curve positioning.
Momentum is building in the muni market and despite ongoing uncertainty, opportunity is still out there.
In this episode, host Chris Roberti welcomes back Ian France, Research Analyst and Portfolio Manager at MacKay Municipal Managers, for a timely look at what’s shaping the current tone of the municipal bond market. They unpack September’s strong performance, why long-end munis are still attractively priced, and what’s behind the steepness in the curve. Ian also breaks down credit fundamentals, inflation expectations, and how active managers are thinking about portfolio positioning and risk in a market that remains technically challenged.
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www.newyorklifeinvestments.com
MacKay Municipal Managers is a team of portfolio managers at MacKay Shields. MacKay Shields is 100% owned by NYLIM Holdings, which is wholly owned by New York Life Insurance Company. “New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.
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