Companies linked to social controversies experience an average drop in returns of more
than 200 basis points in the days surrounding the outbreak of controversial news. To identify …

It is well recognized that institutional municipal portfolio managers prefer premium bonds to
those selling near par. We show that such aversion to par bonds is justified, because they …

In the summer of 1991, the first issue of The Journal of Fixed Income was published. More
than 900 articles have been published in the journal since then, educating market …

In the summer of 1991, the first issue of The Journal of Fixed Income was published. More
than 900 articles have been published in the journal since then, educating market …

The elimination of advance refunding following the passage of the new tax law will have
staggering effects on the municipal market. In recent years most municipal bonds aimed at …

In this article, the authors propose a systematic approach for pricing and trading municipal
bonds, leveraging the feature-rich information available at the individual bond level. Based …

The goal of tax-loss harvesting is to recognize for tax purposes the losses on investments
whose value declined. Currently short-term losses can be written off at 40%, long-term …

Virtually every longer-term tax-exempt municipal bond is callable, usually at par 10 years
after issuance. Borrowers pay for the call option with an above-market coupon or by …

In this note we apply the Nelson Siegel model on the Moldovan Government Securities
market. In the Republic of Moldova although remarkable progress for the construction of a …

Sažetak Vanjske institucije koje raspolažu podacima o financijskim tržištima (dobavljači)
mogu za istu američku municipalnu obveznicu ponuditi različite cijene zbog razlika u …