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Facts (3)
Sources
Investments and Finance - Perspectives and commentary - Vanguard corporate.vanguard.com 3 facts
claimVanguard's head of U.S. municipals identifies value in longer-dated, high-quality municipal bonds.
procedureVanguard municipal bond managers utilize a strategy based on three factors: credit, carry, and convexity to generate outperformance.
claimPaul Malloy of Vanguard outlines that municipal bonds offer tax-efficient income and local stability for investment portfolios.