Muni Nation: Shorten Up for Rising Rates
January 24, 2014 at 07:00 AM EST
This past Tuesday we launched SHYD, Market Vectors® Short High-Yield Municipal Index ETF. SHYD seeks to track an index that only includes bonds with 1-10 years until maturity. The focus on this maturity range has generally meant lower duration — or sensitivity to changes in interest rates — and...