News & Events

Webinar - Municipal Bond Market Innovation

Event Date: 
May 22, 2019

Trending Topics for Portfolio & Risk Managers and Traders

Register: Wednesday, May 22, 2019 2:00 - 3:00 PM EDT  and  Thursday, May 23, 2019 2:00 - 3:00 PM EDT

Andy Kalotay speaking at QWAFAFEW Society - NYC meeting, Tuesday April 23.

Event Date: 
April 23, 2019

Dr. Kalotay will discuss the ramifications of the forthcoming SEC N-Port regulation and the challenges for municipal bond managers in measuring the impact of a 100 bps increase in interest rates.

Jan. 17, 2019: Municipal Finance Webinar

Event Date: 
January 17, 2019

Pricing New Issues with Non-Standard Call Features

Presented by Leslie Abreo

The elimination of advance refunding in 2018 disrupted the municipal landscape. Structures beyond the standard 5% non-call 10, such as 4.50% non-call 8, are emerging. How do we determine fair prices of these new structures? In light of the recognized illiquidity of munis, secondary market trades of similar bonds are unlikely to be informative.

November 15, 2018: Challenges of Risk Management Post Advance Refunding in the Muni Bond Market

Event Date: 
November 15, 2018

Dr. Andrew Kalotay will be presenting at GARP Chicago Chapter Meeting on Thursday, Nov. 15, 2018.  He will be discussing: Challenges of Risk Management Post Advance Refunding in the Muni Bond Market: New Structures, New Yield Curves, Return of Discounts

Slide Deck: GARP Chicago - Challenges of Risk Management Post Advance Refunding

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