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November 14, 2010

San Francisco Chronicle: Kenneth Naehu Quoted in “Time May Be Running Out for Build America Bonds”

“Time May Be Running Out for Build America Bonds,” by Kathleen Pender, San Francisco Chronicle.

Last week, 30-year California BABs were yielding around 7.35 percent, compared with 4.25 percent for 30-year U.S. Treasurys and 5.40 percent for tax-exempt California general obligation bonds, according to Kenneth Naehu, head of fixed income at Bel Air Investment Advisors.

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