In this episode of The OpenYield Markets Podcast, host Mark Hebert sits down with Kevin Lynyak, a 20-year Morgan Stanley veteran as well as Managing Director and portfolio manager for taxable strategies on Parametric’s fixed income team.

Dubbed “The Vince Lombardi of Credit,” Kevin shares lessons from a career spanning crisis-era trading, market structure innovation, and the rise of advisor-led SMAs. The conversation covers:

🔹 Kevin’s pioneering work in odd-lot and algorithmic credit trading
🔹 The rise of tax-loss harvesting and muni strategies in retail portfolios
🔹 How financial advisors think about duration, volatility, and preferreds
🔹 Private credit's growth—and whether it resembles pre-2008 leverage risk
🔹 AI adoption on the desk and what it means for modern trading workflows
🔹 Macro outlook: Fed policy, tariffs, deficits, and where the market may go next

If you're a trader, advisor, asset allocator, or just someone passionate about where fixed income is heading, this is a conversation you don’t want to miss.

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