Dr. Kalotay discussed muni optionality and refundings at Bloomberg's Municipal Bond Forum.
Dr. Kalotay discussed 'Common Defects and Misapplications of Benchmark Municipal Yield Curves' at the 2016 National Municipal Bond Summit.
Dr. Kalotay discussed building realistic optionless yield curves at PRMIA's Advanced Curve Building Frameworks: Best Practices event.
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.