How do municipal bonds look compared to Treasury bonds today? David Dowden, a Managing Director at MacKay Municipal Managers and Portfolio Manager of the MainStay MacKay municipal bond fund, sits down with etf.com senior analyst Sumit Roy to discuss in this two-part series. Dowden explains what the muni-Treasury yield ratio is and how it can be used to measure the relative value of munis versus Treasuries. Tune in as Dowden breaks down bond yields in this exciting episode.