Is this obscure bond key to rebuilding America’s crumbling infrastructure?
May 02, 2017 at 15:17 PM EDT
No one source, or even a select few, can carry the financing burden to mend bridges, roads, dams, railroad tracks and more. The civil engineers argue that the U.S. “must increase investment from all levels of government and the private sector.” Bond-market managers insist that there’s already a hybrid investment that could be included in a buffet of financing approaches: taxable municipal bonds.