News

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.

Profiting From Tax Management Of Munis

September 10, 2014
Paul Fennell, a seasoned investment banker, describes how to profit from tax management of municipal bonds in this LinkedIn article.