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.

When De Minimis Kicks In, Muni Analytics Come Up Short

January 31, 2017

Getting Risk Right for Discount Munis

by Michael Palmieri

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