Seeking Alpha
24 Dec 2025, 02:26 UTC · 46w ago
MUB: Works For Many, Just Not Quite For Me
Impact · against what's priced in
The article presents a tactical rotation away from high-grade municipal bonds toward credit-risk-focused funds. While MUB is criticized for modest returns, the recommendation for NMCO and SHYM is based on the author's view that current credit risk is overpriced, offering an alpha opportunity.
- NMCO+0.50
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- In context
The fund is recommended as a vehicle to capture 1–2% higher yields by taking advantage of overpriced credit risk in the muni market.
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