The Muni 360 Podcast from New York Life Investments

Presented by New York Life Investments
www.newyorklifeinvestments.com

MacKay Municipal Managers is a team of portfolio managers at MacKay Shields. MacKay Shie...

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Crossover Buyers Are In. Should You Be Too?

July 25, 2025 • 3 mins

Crossover buyers recently started investing in munis

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Presented by New York Life Investments
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 ...

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2025 Top Five Insights – Mid-Year Update

July 18, 2025 • 17 mins

The muni market in 2025 is marked by heavy issuance, steeper curves, and clear tax policy—and investors are watching how it all plays out.

In this episode, host Eric Kazatsky welcomes back Mike Denlinger, Portfolio Manager at MacKay Municipal Managers, for a midyear review of their Top 5 Insights. They unpack what’s actually driving underperformance so far this year, why the tax exemption remains intact, and how sector-specific cred...

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Our approach to the tax-exempt high yield market

June 27, 2025 • 4 mins

MacKay Municipal Managers’ philosophy on high yield munis.

Presented by New York Life Investments
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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 N...

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Year to Date Trends Persist

June 20, 2025 • 23 mins

The muni market in 2025 is shaped by shifting supply, political headlines, and an evolving rate environment and investors are watching closely.

In this episode, host Chris Roberti is joined by Ian France, Credit Analyst and Portfolio Manager at MacKay Municipal Managers, to unpack the key trends so far this year. From elevated new issuance and lackluster flows to cheapened ratios and sector-specific risks, Ian offers a clear-eyed vi...

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Oversubscriptions highlight the level of demand

June 13, 2025 • 3 mins

New deals are seeing oversubscriptions.

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Presented by New York Life Investments
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 Com...

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The Importance of Municipal to Treasury Ratios

June 6, 2025 • 3 mins

We explain why municipal to treasury ratios are important to municipal bond investors.

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Presented by New York Life Investments
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MacKay Municipal Managers is a team of portfolio managers at MacKay Shields. MacKay Shields is 100% owned by NYLIM Holdings, which...

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Worth its SALT: Why this policy debate matters to municipal bond investors

May 30, 2025 • 4 mins

We explain the State and Local Tax deduction cap and the extent to which it impacts municipal bond investors

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Presented by New York Life Investments
www.newyorklifeinvestments.com

MacKay Municipal Managers is a team of portfolio managers at MacKay Shields. MacKay Shields is 100% owned by...

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Your purchase yield is critical

May 23, 2025 • 4 mins

Absolute yields in municipals are attractive and the yield at which you purchase fixed income is critical.

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Presented by New York Life Investments
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MacKay Municipal Managers is a team of portfolio managers at MacKay Shields. MacKay Shields is 100% owned by ...

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Dislocations Lead to Opportunities

May 16, 2025 • 19 mins

Despite persistent volatility and a looming rate pivot, the fixed income market is showing signs of renewed opportunity – if you know where to look.

IIn this episode, host Chris Roberti is joined by Scott Sprauer, Senior Portfolio Manager at MacKay Municipal Managers, to explore the evolving dynamics in the municipal market. The conversation covers the growing appeal of high-quality, high-yield munis, the impact of constrained suppl...

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Taxable Muni Issuance Rising

May 9, 2025 • 3 mins

Issuance for taxable muni’s is up 29% compared to the same time last year

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MacKay Municipal Managers is a team of portfolio managers at MacKay Shields. MacKay Shields is 100% owned by NYLIM Holdings, which is wholly o...

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Resilient Demand

May 2, 2025 • 3 mins

Continued resilient demand amid strong supply for the year provides insights into valuations

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MacKay Municipal Managers is a team of portfolio managers at MacKay Shields. MacKay Shields is 100% owned by NYLIM Holding...

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Supply Wave

April 25, 2025 • 3 mins

The ongoing new issue supply wave continues to create opportunities for active managers

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MacKay Municipal Managers is a team of portfolio managers at MacKay Shields. MacKay Shields is 100% owned by NYLIM Holdings, whic...

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Navigating with Discipline

April 18, 2025 • 16 mins

Uncertainty in the municipal bond market isn’t new but how you respond to it makes all the difference. With spreads widening, rates rising, and liquidity tight, active management is being put to the test.

In this episode, host Chris Roberti is joined by Matt Hage, Portfolio Manager and Trader at MacKay Municipal Managers, speaking from the firm’s trading desk in Los Angeles. Matt shares real-time insights on what’s shaping the munic...

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Dislocations Create Opportunities

April 11, 2025 • 3 mins

A discussion around recent market volatility

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Presented by New York Life Investments
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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 Insuranc...

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Higher Education Sector Update

April 4, 2025 • 5 mins

A discussion around how policy changes might impact the higher education sector

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Presented by New York Life Investments
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 wh...

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Tax-exemption status – To be or not to be?

March 28, 2025 • 3 mins

A discussion around tax-exemption status of municipal bonds

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Presented by New York Life Investments
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 Yo...

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Capitalizing on Municipal Market Nuances

March 21, 2025 • 18 mins

Host Chris Roberti welcomes Portfolio Manager and Trader Sunny Gill from the MacKay Municipal Managers trading desk in Los Angeles. They discuss key themes shaping the municipal bond market in 2025, including rate volatility, increasing supply, and credit fundamentals. Sunny provides insights on how investors can identify opportunities amid shifting economic conditions and why active management remains essential in a complex market...

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Supply Wave Creates Opportunities

March 7, 2025 • 3 mins

Issuance ticked up in the higher education sector, with various results

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