BABs v. Corporates? No Contest
June 26, 2009
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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