Research

In creating fixed-income analytic models, Andrew Kalotay Associates draws upon pioneering research published by Dr. Kalotay and his associates over more than three decades. A member of the Fixed Income Analysts Society’s Hall of Fame, Dr. Kalotay’s innovations include the ratchet bond and ratchet mortgage; the Volatility Reduction Measure (for hedge effectiveness testing under FAS 133); and the concepts of refunding efficiency as applied to both corporate and municipal bonds and mortgages. He has authored or co-authored more than 50 journal articles on a wide range of topics. 

MBS

Bond Valuation and Structuring

Debt Management

Municipal Finance

Trade Press

Wealth Management

Consumer Finance

Innovations

 

Recent Research

Take a Tax Loss and Then Profit From Obamacare

The Bond Buyer, December 11, 2013

Kalotay Helps Massachusetts Create New Refunding Guidelines

The Commonwealth of Massachusetts Investor Program

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

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

The Bond Buyer, March 18, 2013

A Financial Analysis of Consumer Mortgage Decisions

Mortgage Bankers Association (June 2009)

With housing prices falling and mortgage rates near historic lows, many homeowners are tempted to take advantage of this by buying or refinancing. However, due the complexity of the mortgage market, despite all the available disclosures, many consumers are still left in the dark, and by not considering all the necessary facts, they often leaves thousands of dollars on the table.

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