Obligors

A team of finance and technology professionals at Lumesis have harnessed artificial intelligence tools to begin solving practical problems that arise when developing deal-specific yield curves (or scales) during the new municipal bond issuance pricing process.

Lumesis has launched two enhancements to its Secondary Market Pricing Platform with the addition of a yield and spread calculation of taxable term bonds and the inclusion of real-time taxable spreads. For taxable term bond transactions, Lumesis now calculates an average life yield, or cash-flow yield, which considers all cash flows of a term bond as opposed to simply the bond’s yield to maturity.