Contrary to conventional wisdom, when interest rates rise, municipal investors who try to limit their risk might be wise to not shorten the maturity on their bonds.

That's the message Guy Davidson, head of U.S. municipals at AllianceBernstein shared with attendees of a recent meeting at the asset manager's New York headquarters entitled: Decoding U.S. Interest Rate Risk, Anticipation of a Fed Reversal.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.