Finance | Bonds: Building America Bonds, Are The Key To The Infrastructure Bill, Scott Minerd Says.
Source : marketwatch.com ‘Build America Bonds’ are the key to the infrastructure bill, Scott Minerd says Andrea Riquier 2-3 minutes The Biden Administration’s idea to finance its infrastructure plan with “direct pay bonds” is the right approach, according to a long-time investor. “ ‘Buried in Biden’s proposal is a passing reference to “direct pay bonds”, which I believe is the single best way to finance much of the plan.’ ” — Scott Minerd, chief investment officer, Guggenheim Partners Scott Minerd, CIO of Guggenheim Partners, notes that direct pay bonds are the same as the “Build America Bonds” that the Obama administration developed as part of the response to the Great Recession. “These are essentially juiced-up municipal bonds issued by state and local governments,” Minerd