Scarcity Value Gives BABs a Boost

Ramage, James
June 2011
Bond Buyer;6/8/2011, Vol. 376 Issue 33529, p1
Trade Publication
The article reports on the growth of the Build America Bond (BAB) program. It mentions that the scarcity value has played a big role on the value appreciation and outperformance of the program and has kept the demands for BABs high. It also notes that the expiration of the program has raised concerns about the ability of the U.S. securities market in absorbing debt which forced bond issuers to sell tax-exempt bonds.


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