/ ‘Build America’ Permanently?
June 16, 2010    Disclosures    POSTED IN  InvestmentsMarkets

“ /‘BuildAmerica’Permanently” Comment: The decision by Congress regarding the permanency of BABs is important to investors who seek tax-exempt income. If the federal government subsidy to state and local governments decreases then the rate of return on BABs would likely decrease. Consequently this could increase the attractiveness of traditional tax free municipal bonds, which have become relatively less attractive since the BAB program began.

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