When asked why anybody would buy a corporate bond now that a taxable municipal bond alternative is available, Peter ­Coffin offered an inspired answer: “I don’t know.”

The founder of Breckinridge Capital Advisors in Boston sees Build America Bonds — the taxable munis created under the American Recovery and Reinvestment Act — as clear superiors to their corporate brethren.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.