As reform implementation passes, so too should the uncertainties associated with it, bringing supply back into the very front end of the curve. (blackrockblog.com)
While shortening duration can help mitigate interest rate risk, another approach to consider is one that balances exposure to the very front end of the curve with exposure to intermediate maturities for additional yield potential and lower volatility, given that rates are likely to rise slowly and stay historically low for the foreseeable future. (blackrockblog.com)
The increases on the very short end of the curve led shorter maturity muni rates to underperform and, remarkably, the very front end of the curve in municipals inverted, with one - year maturity muni averages lower than the SIFMA Index. (blackrockblog.com)