News & Events

The Bonds That Keep on Saving

May 31, 2012

TVA's ratchet bonds are reset lower again. See article in Public Utilities Fortnightly.

May 11 - FMA Applied Finance Conference – St. John's University, NYC

Event Date: 
May 11, 2012

The New World of Global Finance, Markets, Investments, and Risk Management. Dr. Kalotay discusses the allure of 5% bonds.

Apr. 20 - Fixed Income Conference - Moore School of Business - USC

Event Date: 
April 20, 2012

Dr. Kalotay talks about how mismanagement of municipal debt puts a hole in everyone's pocket.

The Allure of 5% Bonds: Coupon Levitation Creates Magical Savings

January 30, 2012

See Dr. Kalotay's satirical piece in the Bond Buyer on the practice of issuing premium 5% refundable bonds. See also Bloomberg Brief commentary.

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