Old Bond ETFs Could be in Style Again

FAN Editor 5 years ago

This article was originally published on ETFTrends.com.

The American Recovery and Reinvestment Act of 2009 spurred the creation of build America bonds and some related exchange traded funds. The legislation established a Direct Payment Bond, which BAB will invest in. The federal government will give the bond issuer a direct payment of 35% of the interest rate on the bond, allowing municipalities […]

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