| 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.