SAN FRANCISCO — Build America Bonds rapidly gained investor acceptance in their first four months in the market, but they continued to trade differently from traditional municipal bonds during that period, according to preliminary findings from Loop Capital Markets.

Those are preliminary findings of a study of BABs that were sold alongside tax-exempt debt between April 20 and Aug. 20. Loop analyst and managing director Christopher Mier analyzed pricing data from issuers who sold traditional tax-exempt bonds and BABs on the same day. In all, the research compared 134 different BAB issues and 596 tax-exempt bonds identified by Cusip numbers.

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