Advances in Advance Refunding

May 9, 2017

by Andy Kalotay

Why OAS is the Right Tool for Stress Testing

April 10, 2017

And Why Yield-to-Worst Fails

by Andy Kalotay

Selecting the Best Bond Insurance Payment Plan

March 17, 2017

For refundable munis, option-based analytics are essential.

by Andy Kalotay and Leslie Abreo

Trust but Verify

February 22, 2017

Accuracy Critical for OAS Analytics

by Andy Kalotay

Industrial-strength OAS analytics should provide comprehensive coverage of embedded bond options and generate accurate results. In my last post I discussed coverage, and observed that some systems ignore complex options, for example, those in sinking fund bonds. Such deficiencies may be an indication of larger problems. In this post, I will focus on testing the accuracy of the results.

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