https://www.schwab.com/resource-center/insights/content/why-stable-municipal-bond-benchmark-mattersWhy a Stable Municipal Bond Benchmark Matters
We recently highlighted how the credit quality of the key corporate and aggregate bond benchmarks has deteriorated while their interest rate sensitivity has increased. This matters for investors who hold passive index-tracking investments, like exchange-traded funds (ETFs), that track those indices, because they may be taking on more risk than they originally intended
