Tonya Chin

Recent Stories From this Author

Ceremony Set for High-Speed Rail
December 31, 2014 A ceremonial groundbreaking for California's $68 billion high speed passenger rail project is scheduled in Fresno.

Oregon Brings Lottery Bonds for Transportation, Development Projects
December 31, 2014 Oregon is planning to sell $412 million of lottery bonds next week to fund development projects throughout the state and...

Washington's Lean Program Saves Millions
December 29, 2014 Washington's Performance Management Program has saved the state millions of dollars, according to a report from Gov. Jay...

Highly Rated Washington Plans January GO Deal
December 18, 2014 Market participants expect strong demand for the state of Washington's $530 million general obligation bond scheduled for next...

S&P: Oil Decline Pressures Alaska's Finances
December 18, 2014 Standard & Poor's warned that the plunge in oil prices could hurt Alaska's credit rating, unless the state takes action to...

Moody's Assigns Alaska Negative Outlook
December 17, 2014 Moody's Investors Service has revised its outlook on Aaa-rated Alaska to negative from stable as plunging oil prices threaten...

Chiang Urges State to Tackle $72B Retiree Healthcare Liability
December 17, 2014 State Controller John Chiang issued a report warning of the growing unfunded retiree healthcare liability cost which has...

Report: Despite Drought, California Economy Is Healthy
December 16, 2014 California's severe drought will cost the state billions of dollars for 2014, but its economy is still doing well, according...

Fitch: Alaska Rating Stable Despite Lower Oil Revenues
December 12, 2014 The state of Alaska recently lowered its revenue forecast due to declining oil prices, with no immediate impact on its credit...

Stockton Judge Denies Franklin's Request for Higher Claim
December 12, 2014 Stockton, Calif. received approval of its bankruptcy plan in October, but it continues to face challenges from its holdout...

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.

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