In a recent The Wall Street Journal article, Tim McGregor, director of municipal fixed income at Northern Trust, highlights why the new Build America Bonds program, part of the federal stimulus plan, has helped ease volatility in the municipal market.
“Last year was a very difficult year from a technical standpoint,” says McGregor in the article, “ 'Build America' Boosts Muni Bonds.” The Build America Bonds program, which makes it more attractive for issuers to offer their debt in the taxable bond market, has helped alleviate oversupply issues in the muni market, according to McGregor.
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