VIDEO - Optimization in Muni Bond Sizing

Posted by Peter Orr on Mar 15, 2013

"Computer programming is an art, because it applies accumulated knowledge to the world, because it requires skill and ingenuity, and especially because it produces objects of beauty. A programmer who subconsciously views himself as an artist will enjoy what he does and will do it better."  Donald Knuth

This video builds on the overwhelming popularity of our first video on using linear algebra to structure bond deals in public finance and lays out a technique for applying a basic optimzation algorithm to simultaneously size and amortize a $100 million municipal bond deal, from 10 years out to 3,000 (just for fun). 


Using this type of framework we are building towards some solutions which are definitely more sexy so stay tuned. In addition to this video, we've just added another few free public finance Excel models and companion videos to our Resources page so please take a look when you have a few between closings.

If you'd like a copy of the MATLAB code used in this video, shoot us an email at info(at)  Happy Sizing!