Looming expiration of BAB program raises questions

11/29/2010 | Bond Buyer (free content), The

The Build America Bonds program is poised to expire at the end of the year unless Congress extends it. Market participants are beginning to speculate about how the program's expiration will affect the municipal bond industry. The muni market has gone years without having to work to attract retail investors into buying long-term tax-exempt bonds, but expiration of the BAB program might force the market in that direction.

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Bond Buyer (free content), The