Municipal Finance

Tax-Efficient Trading of Municipal Bonds

Financial Analysts Journal Volume 72 · Number 1 ©2016 CFA Institute

Spread(ing) Confusion

The Bond Buyer, November 23, 2015

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.

Muni Buyers: Beware of Tax-Deficient Analytics!

The Bond Buyer. June 18, 2015

Bonds trading near or below par are much more sensitive to interest rates than reported by standard analytics systems. What happens to muni prices when rates rise? 

Why Buy-and-Hold Is Dead

The Bond Buyer, February 24, 2015

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