psa

  1. R

    MBS : Unchanged PSA Vs Changed PSA : Rate increase impact on Price?

    Hi David, Question regarding the highlighted statement in the attachment: When PSA reduces from 165 PSA to 150PSA on a rate increase situation --> my understanding is that the prepayment cash flow decreases and the bond should be valued more just using the cash flow pricing approach. (i.e. More...
Top