Diversifying Your Asset Allocation with High-Yield Muni Bonds

(Harvest) With yields on many familiar fixed-income assets remaining stubbornly low and equity valuations looking increasingly frothy, investors may believe they have few options when it comes to earning attractive returns without adding unreasonable risks to their portfolios. Having few options, however, is not the same as having no options. Often overlooked, high-yield municipal bonds may offer these investors a compelling alternative middle ground between the insufficient returns of other bonds and the risks of equities.

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