An Active Approach to an Unconventional Muni Yield Curve

Given the current and historic inversion of the AAA Municipal Yield curve, we believe pursuing an actively managed, barbell portfolio strategy positions investors well compared to a more static, laddered strategy. A barbell approach takes advantage of higher yields on the short end of the curve as well as higher yields and positive roll on the longer end. This can result in higher yield for a portfolio with a similar interest rate risk profile compared to a laddered strategy.

Learn more about SBH’s  Fixed Income Strategies .