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Tag Archives: Municipal Finance Conference
Puzzle #10: The Answer
The challenge posed by Puzzle #10: Erratic Bond Pricing? was to guess what might be the cause of apparently wild swings in market yields for some municipal bonds with the same issuer and maturity: Besides this blog, I shared the … Continue reading
Posted in Bonds, Puzzles
Tagged Bond Puzzle, Municipal Bonds, Municipal Finance Conference, Puzzle
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Puzzle #10: A Hint
Puzzle #10: Erratic Bond Pricing? asks you what might explain some apparently erratic swings in yields for certain sporadically traded municipal bonds. I stated that the bonds share the same issuer and maturity date. The puzzle is a bit sneaky, so … Continue reading
Posted in Bonds, Puzzles
Tagged Bond Puzzle, Municipal Bonds, Municipal Finance Conference, Puzzle
8 Comments
Puzzle #10: Erratic Bond Pricing?
At last week’s Municipal Finance Conference in Boston, I made a brief presentation in response to a paper1 that described a new approach to deriving yield curves from municipal bond trade data. The authors have applied neural network techniques to the … Continue reading
Posted in Bonds, Puzzles
Tagged Bond Puzzle, Municipal Bonds, Municipal Finance Conference, Puzzle
15 Comments