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BABs v. Corporates? No Contest


When asked why anybody would buy a corporate bond now that a taxable municipal bond alternative is available, Peter Coffin offered an inspired answer: 'I don't know.' The founder of Breckinridge Capital Advisors in Boston sees Build America Bonds - the taxable munis created under the American Recovery and Reinvestment Act - as clear superiors to their corporate brethren.

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