Fool’s Gold? Chasing Higher Yields in Short-Dated Bonds May Be Shortsighted
March 13, 2023 — During periods of inverted yield curves, investors may ask “why should I take on additional price/interest rate risk if I can get a higher yield in shorter-dated bonds?” That would make perfect sense if it were guaranteed that we could constantly reinvest in the same yield and maturity structure every time the bond matured.
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Municipal Fixed Income
Strong Fundamentals Prevail for Munis
March 13, 2023 -- Despite sticky inflation and rapidly rising interest rates, municipalities continue to exhibit strong credit quality. Record tax collections, billions . . .
Tactical ETF
Tactical Investment Strategy — March 2023
March 13, 2023 -- Risk and rates markets remain captives of shifting Fed policy expectations, which have become more hawkish over the last month due to hotter inflation . . .
Municipal Fixed Income
Illinois Achieves Another Rating Upgrade, but Upside Still Remains for Investors
February 28, 2023 -- Last Thursday, the State of Illinois achieved another milestone with its third one-notch rating upgrade from S&P over the last 19 months, bringing . . .