Bond Valuation and Structuring

Bond Analysis in Tax Denial

March 28, 2014 - Quant Forum

Interest Rate Sensitivity of Tax-Exempt Bonds Under Tax-Neutral Valuation

Journal Of Investment Management, Vol. 12, No. 1, (2014), pp. 62–68

Rising rates could cause more damage than you think. Read research article here. See also article in The Bond Buyer.

Making Sense of the Make-Whole Call, From its Origins to BABs

The Bond Buyer (July 26, 2010)

Why investors don’t charge for make-whole calls

With Estate Puts, Beauty Is in the Eye of the Beholder

CFA Institute: Private Wealth Management Newsletter (August 2009)

A bond with an estate put (or survivor’s option) can be redeemed at face value by the holder’s heirs if the holder dies — an attractive feature to investors with a short life expectancy. How should an investor value such options?

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