Financial Answers "IN SIMPLE LANGUAGE"

One of the most looked at and commented on blog posts on In Simple Language was the May 14, 2009 post titled “So what is this BAB I’m Hearing About”?  I don’t know if it was so popular because I screwed up the information and said the bonds were tax free, when they are in fact taxable, or because a lot of people needed information on BAB Bonds (Build America Bonds).

Whatever the reason, I felt it was time to get more information out to you. If you had purchased some of these bonds or were considering purchasing some of these bonds you should arm yourself with the proper information before investing your hard earned money.

Good source of info on BAB Bonds

This BAB Bond market has taken on significant size since it was created in February, 2009 by the American Recovery and Reinvestment Act.  As of this post, the BAB Bond market is hovering around $117B.

What’s interesting with this “new” BAB Bond market is that foreign investors have jumped on board.  That’s good for everyone. 

Since this BAB Bond market is a municipal market, which usually means tax free income, but not in this case, foreign investors tended to stay away.  They didn’t need talk free income from the United States because they were not citizens and the yields, the interest paid, on tax free municipals were much lower than regular taxable bonds.

Now with the BAB Bonds it makes more sense for foreign investors to get into this market.  Maybe the government has finally figured out, at least one way, to make investing in the United States more attractive.

Okay, without further delay here is that source of BAB Bond information that I think you will be able to use.  It may be a little technical in some areas but check it out and learn what you can.

www.fitchratings.com/babs is the website link for the information on the BAB Bonds.  Fitch is a bond rating service.

As of this blog post this site was up and running and has lots of information to help you with your BAB Bond buying decisions.

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