Fixed Income Technology for the Demanding Professional

Newly Patented Method for Selecting the Right Mortgage

Innovation

Newly Patented Method for Selecting the Right Mortgage

How to select the right mortgage from the dizzying array of choices available? Should you pay points to lower your rate? Or is the zero-points deal the best?

APRPlus incorporates the value of your option to refinance and reports an option-adjusted annual percentage rate. The lowest APRPlus wins. See “A Pointer on Points”.

Fixed Income Technology for the Demanding Professional

Company Overview

Fixed Income Technology for the Demanding Professional

Kalotay Analytics provides high-speed, high-precision software to some of the most sophisticated fixed income market participants. From real-time pricing of bond ETF’s to instantaneous MBS portfolio analysis for risk managers, our patented technology performs computationally intensive calculations in nanoseconds. See how our software is typically used.

Tell us about your analytical needs or talk to an expert about which of our products best meet your fixed income technolgy needs.

For Investors, Stress-Testing Munis is Easier Said Than Done

In the news

For Investors, Stress-Testing Munis is Easier Said Than Done

Professional investors who mark to market need to know how their portfolios would perform under various interest-rate scenarios. Such "stress testing" is available in standard analytics systems, but when it comes to munis, the results could be seriously misleading.

Suppose that you just purchased at par a 3% 10-year muni. What happens to the price if rates suddenly decline or rise by 100 basis points? Published March 15th, 2013 in the Bond Buyer

Advance Refunding Calculator for Excel

Product Focus

Advance Refunding Calculator for Excel

Calculates refunding efficiency by comparing savings to net loss of option value. The latter includes both the value of the conventional call option and of the advance refunding option being given up.

Check Out Our Calculators

FOR BONDS:

  • SPEED - How long to analyze 5,000+ callable agency bonds?
  • RISK - All the Greeks you can dream of

FOR MORTGAGES:

  • REFICALC - Know when to refinance and when to wait
  • POINTS - Does it pay to pay points?





Estate Put Analysis
US Patent 7,805,350

Meets the challenge of modeling mortality and interest rates to value the survivor’s option (right of estate of deceased holder to put bonds back at par).

Option-Theoretic MBS Valuation
US Patent 7574396

New tools for modeling prepayment of principal by obligors behind asset-backed securities are provided. The obligors are categorized into groups for ordered removal from the modeling and valuation process according to their refinancing efficiency, for instance. These tools...

(more)
Optimal Mortgage Refinancing
US Patent 7707104

A method and system for calculating an indicator which can be used for determining whether to refinance an outstanding debt instrument (such as a mortgage) with a new debt instrument (such as another mortgage), which includes the steps of (1) determining the change in the...

(more)

Michael F. Mazier
Senior Fixed Income Strategist and Portfolio Manager
Van Eck Global

BondOAS’s computational speed makes it practical for us to compute hundreds of thousands of yield-curve scenarios for municipal, government and corporate bonds. It increases the breadth of our scenario...

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Leo Guzman
Guzman & Company

Kalotay's expertise in debt management is unparalleled. His software suite should be a requirement for bond issuers and their advisors.

Michael Stanton
Publisher, The Bond Buyer

Andrew Kalotay Associates has helped lead a charge to introduce more sophisticated and accurate financial analyses to the municipal bond market – a movement that...

(more)

Frank J. Fabozzi
Professor of Finance EDHEC Business School and Member of the EDHEC Risk Institute
Editor, Journal of Portfolio Management

Perhaps the fastest and most innovative MBS prepayment and valuation model in the marketplace today.

Robert Fuhrman
Director of Fixed Income
Quantitative Research
Major Money Management Firm

We have worked with Kalotay Analytics for many years and find that their analytics software and client service are of the highest quality. We view them as an integral partner in our efforts to deliver first class analytics to our portfolio managers.