Leader In Specialty Fixed Income
For decades, MacKay Shields delivered specialty fixed income solutions backed by disciplined research and a commitment to providing long-term value for our clients. The MacKay Shields client experience provides investors direct access to senior investment professionals.
Equitable for All—Visualizing Our Differences
At MacKay Shields we commit to the equitable treatment of all. To demonstrate this, MacKay worked with artist and photographer Maya Barkai to create this piece, which is meant to embody our diversity, equity and inclusion (left image). The piece of art (right) is created by MacKay's own Alina Sysak and represents the unique and diverse makeup of our firm.
Performance Focused, Independent Thinking, Client Access
With a rich history over eight decades, we have much to be proud of and are truly anchored to knowing ‘Who We Are’ as we partner with clients and support employees.
Taxable Municipal Bonds: An Overlooked Asset Class
Municipal bonds are typically known for offering tax-exempt income, making them a popular choice in taxable investment accounts for retirees, while historically being excluded from the possible mix for qualified retirement plans and IRAs.
Exploring the Current Landscape of China
Emerging Market Debt Team answers topical questions on China.
FEATURED INSIGHTS
The Muni 360 Podcast - Weekly Wrap Up
Listen to the most recent podcast, as the seasoned active investors at MacKay Municipal Managers share their latest views on the municipal market.
Banks and Commercial Real Estate
The current interest rate cycle has created several rounds of stress for the US banking sector. The most recent challenge is dealing with the fallout of a weakening commercial real estate (CRE) sector. While bruised, we do not believe the sector is broken. We expect the larger banks to fair well at the other end.
MacKay Municipal Managers Top 5 Insights for 2024
The Year of FUNDamental Municipal Investing
Stepping Out of Cash and into Short Duration
With short duration bonds currently generating attractive levels of income, we explain why now might be the time to step out of cash and into short duration bonds
MacKay Fixed Income Top 5 Insights for 2024
As we navigate the intricate financial landscape of 2024, the overarching concerns surrounding the size and scale of the US budget deficit, coupled with the substantial Treasury debt issuance required to address it, continue to captivate the attention of investors.
Emerging Markets Debt: Fresh Thinking on an Evolving Asset Class
While providing investors with a multiverse of global exposure and opportunities, we believe it's time for some fresh thinking around the evolving nature of Emerging Market Debt.
High Quality, Durable Income with Taxable Munis
With a late cycle economy and sticky inflation, investing in higher credit quality fixed income bonds, while locking in yields for durable income, may be rewarding in the longer term.
A Unique Opportunity in Structured Credit
Read more to see how investors can enjoy high single-digit yields in a secured investment while still maintaining an investment grade credit rating.
CMBS Market Update
Michael DePalma, Co-Head of the Global Fixed Income team explains how opportunities and demand in the commercial real estate market still remains strong despite concerns over the office market.
Bonds Are Back: Take 2
Mark Kehoe, CFA, gives an update on the Bonds are Back piece released earlier in the year.
MacKay Moments - High Yield's Resiliency: Leverage and Interest Coverage
As we assess the current high yield market, a key development stands out – its resiliency, even amidst a potential market slowdown. View our latest MacKay Moment for more.
MacKay Shields Convertibles Market Update – August 2023
Edward Silverstein, Head of Convertibles at MacKay Shields shares his observations of the Convertibles market for August 2023.
Employee Spotlight – Cameron White
Meet Cameron White, Managing Director and Head of Fundamental Research at MacKay Shields in our latest Employee Spotlight.
Opportunities in Emerging Market Debt
View the latest insights and perspectives from the MacKay Shields Emerging Market Debt team.
MacKay Shields High Yield Market Update – May 2023
Nate Hudson, Portfolio Manager at MacKay Shields shares his observations of the High Yield market for the first quarter of 2023.
Failures, Funding and Financial Resiliency: 1Q 2023 Bank Earnings
What matters to credit investors?
Employee Spotlight – Philip Fielding
Check out our latest Employee Spotlight featuring our co-head of Emerging Market Debt, Philip Fielding.
Banking Crisis—How Deep a Contagion?
Mark Kehoe, Portfolio Manager and Senior Analyst on the Global Credit team at MacKay Shields gives his thoughts around the current bank crisis and provides background on what Additional Tier 1 Securities are and how they play a role in the crisis.
US Taxable Municipal Bonds: Beyond the Basics
Preferential capital treatment, low correlations, historically stable ratings, and ESG friendly credits, have piqued institutional interest in the taxable municipal bond asset class.
Bonds Are Back to Being Bonds
Bonds are back to being bonds in 2023, as we believe higher income will drive investment grade returns.
The Year of the Bond
In our 2023 outlook, the Global Fixed Income team explains why we fervently believe bonds are back and 2023 will be the “Year of the Bond.”
Inflation Reduction Act of 2022–A Look at Key Implications
Explore the Inflation Reduction Act’s potential impact on climate, macro and sector implications.