BlackRock Build America Bond Trust (BBN)
Anyone have any knowledge on BBN?
From my take, the federal government subsidizes 35% of the interest paid. The fund typically holds A-rated and AA-rated long-term bonds issued by state and municipal authorities to fund various infrastructure projects.
The gov sub is good but it also seems like it's a yearly contractual which bears the risk of not being renewed.
I'm not sure how to assess risk either. I just need a dang 1 to 10 scale to tell me what level of risk/return i'm looking at, but the reviews I read are murky. Me not understanding is a good red light, but this is what hubby is suggestion to buy.