Municipal Bond Forum

Limited supply of Build America Bonds

What are Build America Bonds? Are they still available to be purchased? If so, are they a good deal?

James A. Klotz responds:

Build America Bonds are taxable securities issued during the Obama administration and were supported by a federal government subsidy.

Although this program no longer exists, there are some bonds issued in the past that are sometimes available in the marketplace but availability is extremely limited.