Those great munis that you probably can't buy

07/15/2009 |

There are some great deals in the market on municipal bonds but they are increasingly put beyond the reach of the small investor. The U.S.-subsidized "Build America Bonds" are a big hit with local and state governments but they don't come with the tax exemption offered by conventional munis. And the institutions snap up most of them anyway, leaving the retail investor out in the cold, according to this article.

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