|Last Price$0.79||Day Change (%)-1.26%|
|Open Price$0.51||Day Change ($)-0.01|
|Day Range0.51–0.79||52-Week Range0.51–0.88|
As of Mon 05/20/2013 04:52 PM EDT | USD
Build America Bonds are altering the municipal-bond market.
Fitch Rates Massachusetts Water Pollution Abatement SRF Bonds Ser.17 'AAA'; Outlook Stable
Safety and tax exemption are traditional hallmarks of the asset class, but the market has many challenges.
We take a look at Build America Bond closed-end funds.
The recent sell off in Muni bonds is being precipitated more by a supply/demand imbalance than a loss of confidence in credit quality says 16th Amendment Advisors' Jed McCarthy.
Investors attracted to the yields on closed end funds now have a more liquid way to buy into the sector: ETFs.