When President Obama signed into law the American Recovery and Reinvestment Act of 2009, the nation was sharply divided on the bill. Designed to create jobs and promote investment during one(...)Read the rest of Uncertain Future For Build America...
The bonds designed by the U.S.
government to help municipalities recover from the worst
recession since the Great Depression may cost them millions of
dollars in unforeseen borrowing costs instead of saving them
(Update1) The U.S. Internal Revenue Service
plans to examine as many as half of all Build America Bond sales
in connection with rules that limit how the subsidized issues
can be used and how much they cost.
American investors now have yet another way to loan their money to the government. This time the conduit is SPDR Nuveen Barclays Capital Build America Bond ETF (BABS), which began trading Thursday (5/13/2010).
BABS will be the second ETF to...
State Street is set to begin trading their new “SPDR Nuveen Barclays Capital Build America Bond ETF” (BABS) tomorrow. The SPDR Nuveen Barclays Capital Build America Bond ETF (the “Fund”) seeks to provide investment results that, before...
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