The Evolution of Municipal Bond Valuation
Complimentary Web Seminar
June 09, 2015
2 pm ET/11 am PT
Municipal bonds are traditionally priced using a variety of methods due to lack of consensus on a pricing methodology. Today, the market is at a cross-road with regard to valuations. Some participants are sticking with the status quo while others are embracing more quantitative methodologies, similar to what we’ve seen in the corporate credit and structured products markets.
Join The Bond Buyer and Bloomberg for Enterprise for an engaging discussion exploring trends in municipal bond valuation and the challenges of relative value analysis.
The program will cover the following topics:
- Yield Curves as a framework for relative value analysis
- Yield Curves and the normalization of bond features
- Call Option as a feature that requires normalization
- Normalizing the call feature with BVAL’s Expected Redemption Date
Presenters:
Bruce Manson
Global Head of Pricing Services, Enterprise Solutions
Bloomberg LP
Pierce Lord
Product Manager, BVAL for Municipal Bonds
Bloomberg LP
Mark Cantrell
Head of Secondary Municipal Trading & Managing Director
Piper Jaffray