Differing OAS models rarely return the same Effective Duration numbers. Why is that so?
Read MoreToday will be a stressful day for the markets and our clients. Lenders did not reach an agreement with the Greek government. In response...
Read MoreDuring recent years of historically low interest rates, with most municipal bonds trading at a premium, investors have paid little attention to the adverse effect of taxes on the prices of discount bonds. As a result...
Read More