News & Events

Kalotay Helps Massachusetts Create New Refunding Guidelines

April 26, 2013

Massachusetts has adopted more rigorous guidelines for bond refundings with the help of Andrew Kalotay Associates Inc. See The Bond Buyer article.

TICPlus - Picking the Best Callable Deal

April 12, 2013

See The Bond Buyer article

Municipal issuers traditionally pick the bid with the lowest True Interest Cost in a competitive deal. In the case of a single bond, TIC is analogous to YTM based on the proceeds received by the issuer.

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

March 15, 2013

Rising rates could cause more damage than you think. See article in The Bond Buyer. See also Dr. Kalotay's paper "The Interest Rate Sensitivity of Tax-Exempt Bonds under Tax-Neutral Valuation".

Andrew Kalotay Associates, Inc. profiled in Celent's Derivatives Pricing & Risk Analytics Review

March 12, 2013

In the report Derivatives Pricing and Risk Analytics 2013: Industrializing Derivatives Markets, Celent examines the state of the market for pricing and risk solutions and ranks the innovative vendors that are helping firms build out and improve their analytical framework for derivatives operations.

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