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BlackRock Build America Bond Trust (BBN)
Old 06-15-2014, 09:02 AM   #1
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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.
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Old 06-15-2014, 10:17 AM   #2
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BBN BlackRock Build America Bond Common CEF BBN Quote Price News

According to Morningstar, it is the most(32%) leveraged, and therefore risky, way to play this market. Discount of 8% is a bit above what this CEF has had last three years.
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Old 06-15-2014, 03:34 PM   #3
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This weeks Barron's, Midyear Roundtable, Bill Gross mentions BBN as something HE personally is investing in.
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