MuniOASTM - Accuracy You Can Count On

Selected Bond     
MICHIGAN ST 2.65's due 05/15/2024
Issued 04/18/2013
Callable at 100.000 on 05/15/2023 (AMERICAN)
Pmt Frequency
Semiannual
Amt Outstanding
17,225,000
Terms From:
Benchmark Yield Curve & Interest Rate Volatility
5% Callable Scale
1-yr
1.774
3-yr
2.012
5-yr
2.247
7-yr
2.480
10-yr
2.808
20-yr
3.237
30-yr
3.329
Rates From:

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Volatility %  
Price or OAS?
Price
OAS
Income Tax Rate
S/T Gains Rate
L/T Gains Rate
Horizon
 
Do the Magic!
Results
Valuation
Price
        
Accrued Int.
        
Muni OAS (bps)
        
Conventional OAS (bps)*
        
Effective Risk Measures Duration Convexity DV 01   Yields YTC YTM
MuniOASTM Approach                              After-Tax                  
Conventional*                              Pre-Tax                  
*Conventional measures fail to reflect the negative effect of taxes on the prices of discount munis.


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v1.31  Copyright © 2013 Andrew Kalotay Associates, Inc.