News

Kalotay Licenses Tax-Neutral Muni Bond Methodology To Blackrock

October 25, 2016

Approach Is Essential For Proper Risk Assessment Of Municipal Bonds

Kalotay Analytics, a provider of high speed, high precision fixed income valuation software, announced the licensing of patent-pending tax-neutral municipal bond valuation and risk analysis methodology to BlackRock.

Jun 30, 2016 - Making Bond Insurance Pay

June 30, 2016

Optional redemption features are standard in municipal bond issues, so even a seemingly simple decision — selecting the best insurance plan — requires modern option-based analytics. Read Dr. Kalotay's article here.

Nov 23, 2015 - Spread(ing) Confusion

November 23, 2015

Many muni professionals shy away from option-adjusted spread (OAS) in favor of the archaic 'yield-to-worst' approach. Correct implementation would undoubtedly attract converts. Read more in Spread(ing) Confusion.

Muni Buyers: Beware of Tax-Deficient Analytics!

June 18, 2015

Bonds trading near or below par are much more sensitive to interest rates than reported by standard analytics systems. What happens to muni prices when rates rise? Read Dr.