BABs are poised for their largest monthly loss this year

10/29/2010 | Bloomberg

Build America Bonds are expected to post their largest monthly loss this year, as yields go up because of an increased supply. With the program set to expire at the end of the year, potential issuers have two months left to sell debt. Investors have become hesitant to buy BABs this month because they anticipate an increase in supply and yield this quarter, said a BMO Capital Markets bond strategist.

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