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Jim Murphy and Charlie Hill: ‘The Value Proposition for Municipal Bonds Has Rarely Been Stronger’
The Long View
High-Yield Muni Portfolio Strategy
- Consider allocating 10-15% of your municipal bond portfolio to high-yield options for enhanced income.
- High-yield munis offer higher returns without substantial additional default risk, as the municipal market has a low default rate overall.
- The average credit quality of a typical high-yield muni fund is in the mid-triple B range, making it relatively conservative.
- This strategy is suitable for augmenting higher-quality exposure and is appropriate for investors seeking yield enhancement without excessive risk, depending on their age and risk tolerance.
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