Articles from MacKay Municipal Managers

MacKay Municipal Managers™, the municipal bond team of specialty fixed income manager MacKay Shields, has published its top five insights for the municipal bond market in 2026, outlining shifting performance drivers in a differentiated and technical market. This year’s insights examine the increased importance of disciplined security selection, liquidity awareness and downside risk management; as well as the widening gap between issuers with durable, predictable revenue streams and those more reliant on discretionary budget decisions.