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

What OAS Analytics Often Miss

January 24, 2017

Puts and calls are not the only fixed coupon bond options

by Andy Kalotay

Bond Valuation Using OAS

January 5, 2017

Properly used, option-adjusted spread analysis is a powerful tool. But for the unwary it can also hold hidden dangers.

By Andy Kalotay

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