Top 5 Muni Market Insights for 2026: Discipline Drives Differentiated Results – New York Life Investments – 1.16.26

New York Life Investments Webcast - Upcoming

Overview:

Title: Top 5 Muni Market Insights for 2026: Discipline Drives Differentiated Results
Date: Friday, January 16, 2026
Time: 1:00 PM Eastern Standard Time
Duration: 1 hour

Register Now:

Already Registered?
*I am a financial professional. I understand that this event is for financial professionals only, and I may be contacted by the sponsor.

Summary:

The municipal market enters 2026 from a position of relative stability but opportunity will be unevenly distributed. As broad-based tailwinds fade, performance in 2026 will be driven by precision, selectivity, and discipline. Join MacKay Municipal Managers™ for an in-depth discussion of the “Top 5 Muni Market Insights for 2026” and how evolving technicals, credit dispersion, and curve dynamics may reshape portfolio outcomes.

Accepted for 1 CFP / IWI / CFA CE Credit

Speakers:

David Dowden David Dowden Managing Director and Portfolio Manager MacKay Municipal Managers

David is a Portfolio Manager on the municipal bond team, focused on intermediate investment-grade municipals. He joined MacKay Shields in 2009. Prior to joining the firm, he served as Chief Investment Officer at Financial Guaranty Insurance Company. Earlier in his career, David was a Senior Portfolio Manager at Alliance Capital Management and a Municipal Strategist at Merrill Lynch & Co. He holds an AB from Brown University and an MBA from Columbia University and has been in the investment management industry since 1989.

Eric Kazatsky Eric Kazatsky (Moderator) Managing Director and Client Portfolio Manager MacKay Municipal Managers

Eric Kazatsky is responsible for client relationship management and business development initiatives for MacKay Municipal Managers team. Eric joined MacKay Shields in 2025. Eric’s successful experience involving municipal bonds included various aspects of the industry including sell side, buy side, a large municipal issuer. Prior to joining the firm, he served as Bloomberg Intelligence’s Head of Municipal Strategy and was responsible for creating municipal focused research for Bloomberg Terminal clients. Prior to work at Bloomberg, he served as the institutional desk strategist at Janney Montgomery Scott and municipal portfolio manager SEI Investments. At Janney, he distributed weekly research notes specifying relative value opportunities for both Janney inventory and secondary market customer sales. At SEI, he oversaw credit and portfolio management for a $3 billion separately managed account platform. Eric has a B.A. in finance and economics from the University of Pittsburgh, an M.B.A. in finance from St. Joseph’s University, and a M.S. in investment management from Temple University. He has been in the financial services industry since 2001.

All investments are subject to market risk, including possible loss of principal. Diversification cannot assure a profit or protect against loss in a declining market.

This material contains the opinions of the MacKay Municipal Managers and MacKay Shields High Yield Team of MacKay Shields LLC but not necessarily those of MacKay Shields LLC. The opinions expressed herein are subject to change without notice. This material is distributed for informational purposes only. Forecasts, estimates, and opinions contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. Any forward-looking statements speak only as of the date they are made, and MacKay Shields assumes no duty and does not undertake to update forward-looking statements. No part of this document may be reproduced in any form, or referred to in any other publication, without express written permission of MacKay Shields LLC. ©2021, MacKay Shields LLC. All Rights Reserved.

Information included herein should not be considered predicative of future transactions or commitments made by MacKay Shields LLC nor as an indication of current or future profitability.

There is no assurance investment objectives will be met. Past performance is not indicative of future results.

MacKay Municipal Managers is a trademark of MacKay Shields LLC. MacKay Shields LLC is a wholly owned subsidiary of New York Life Investment Management Holdings LLC, 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. Securities are distributed by NYLIFE Distributors LLC, 30 Hudson Street, Jersey City, NJ 07302, a wholly owned subsidiary of New York Life Insurance Company.

8563770