Short and selective. That’s the fixed-income philosophy Guy LeBas, director of fixed-income strategy at Janney Montgomery Scott, is increasingly focused on in 2013 due to the predominance of interest-rate risk in the market.

While LeBas has been implementing the strategy for a while, he said it’s more important than ever to maximize returns by favoring shorter maturities with a hint of credit risk, and limited exposure to the long end of the yield curve.

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