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VanEck High Yield Muni ETF offers a high tax-equivalent yield of ~7.38% for top-bracket investors, driven by high-yield, longer-maturity municipal bonds. HYD's attractive yield comes with significant interest-rate sensitivity, as its ~9.35-year modified duration exposes investors to considerable downside from rate increases. Rising inflation and energy prices, combined with a hawkish rate outlook, create a…

Treasury's pivot toward long-bond buybacks gives duration buyers their first clear green light in months — and the November midterms may add a second leg. Key takeaways Treasury's decision to at least double 10- to 30-year buybacks is a policy signal, not a technical footnote.

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The iShares High Yield Muni Active ETF (HIMU) is an actively managed portfolio holding approximately 900 municipal bonds.