See Dr. Kalotay's satirical piece in the Bond Buyer on the practice of issuing premium 5% refundable bonds. See also Bloomberg Brief commentary.
"Taxpayers have forked over $20 billion in fees for swap agreements in the past five years, according to Andrew Kalotay" in Bloomberg article
Deane Yang presented “A New Approach To Risk Neutral Valuation For MBS” at this year's Global Derivatives USA conference in Chicago on November 14-17th
"Making the Right Call With Municipal Bonds" Presentation. Inefficiencies in municipal market present investor opportunities.
Download and read our full presentation.
