The Wonderful World of CMOs

Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed income investments.  

In this episode:

• Review of Economic & Finance News
  • June MBS Prepayment Report
  • Review of FOMC Minutes
• Podcast Series on LIBOR 
  • Podcast Series (Blog Article)
  • Podcast: Bloomberg's "Odd Lots"
• Exciting News:  Online Courses Coming Soon!
  • Join the Waiting List for New Courses
• The Wonderful World of CMOs
  • What are collateralized mortgage obligations (CMOs)?
  • Comparison of CMOs with mortgage-backed securities (MBS)
  • Types of CMOs
    • Overview of sequential structures
    • Overview of "planned amortization class" (PAC) structures
  • Why invest in CMOs?
  • Risks of CMOs
  • Bloomberg screens
    • Yield tables:  YT, YTR, YTH(?), YT BAM
    • Structure pay down analysis (SPA)
    • Cash flow graph (CFG)
    • Weighted average life graph (WALG)
    • Collateral composition (CLC)
    • FFIEC high risk security test (FMED)

If you have questions about anything covered in this episode, please email me at Chris @ BondInvestmentMentor.com.

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You will find more articles, tips and resources about fixed income investing and portfolio management at BondInvestmentMentor.com.  Check it out!

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