Keeley Webster

Recent Stories From this Author

S&P Lowers Oxnard, Calif.'s Ratings
November 24, 2015 Oxnard, Calif.'s issuer credit rating received a downgrade from Standard & Poor's, to A-plus from AA-minus.

Slow Growth Projected For Hawaii Through 2018
November 23, 2015 Hawaiian economists forecast slow but steady economic growth through 2018.

Moody's Likes Task Force Plan at Los Angeles Schools
November 23, 2015 The Los Angeles Unified School Districtís decision to create task forces aimed at cutting costs to avoid a projected $333...

California Analyst Cautions Against Spending Increases
November 19, 2015 Despite strong revenue numbers, the California Legislative Analyst's Office cautioned legislators against increasing spending...

California Controller Finds Tax Board Controls Lacking
November 19, 2015 A California tax board responsible for handling $48.5 million, representing 24% of state revenue in fiscal 2013-14, is placing...

San Diego Water Rates to Jump 35%
November 18, 2015 The San Diego City Council approved a plan to hike water rates by nearly 35% in stair steps over a four-year period.

Water Restrictions Could Exert Downward Rating Pressure
November 18, 2015 The California governorís extension of water conservation mandates could mean downward ratings pressure in the mid-to-long...

California Launches Debt Data Website
November 17, 2015 Californiaís treasurer has launched an open data website that he says will make it easier to analyze $1.5 trillion in debt...

LAX Holiday Traffic Expected to Top Other U.S. Airports
November 17, 2015 Los Angeles Airport expects to be the busiest U.S. airport during Thanksgiving holiday for third year in a row.

EAX Halts Plans to Launch Muni E-Trade Platform
November 13, 2015 EAX Trading pulled the plug last week on a two-year effort to launch a municipal bond electronic trading platform aimed at the...

Career Zone


New York State Assemblyman Phillip Goldfeder, D-Queens, examines outer-borough growth and transit needs in New York City, as well as efforts to harden its water-exposed neighborhoods.

The notion of option-adjusted spread (OAS) is the standard analytical tool for taxable fixed income securities. It is also making inroads into the muni market. Unfortunately the usual implementation for munis is flawed, rendering the results virtually meaningless. So it is understandable that many muni professionals shy away from OAS in favor of the archaic ‘yield-to-worst’ approach. Correct implementation would undoubtedly attract converts.

Upcoming Events

Already a subscriber? Log in here
Please note you must now log in with your email address and password.