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April 30, 2021 | GSAM Connect

Potential Benefits to Intermediate Duration

Despite today’s “lower for longer” interest rate environment, we think intermediate duration municipal bonds may make sense for investors looking to earn tax-efficient income and diversify their equity exposure while still focusing on principal preservation. Extending duration—the interest rate sensitivity of a bond—can increase interest rate risk, and investors should be aware of this whenever they move into longer duration securities. Still, we think the income potential these securities offer may be worth considering.

 

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