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[CFA一级]关于fix income

问题比较简单,但一直没有想通:

MBS和CMO什么关系?

ABS和CDO什么关系?

CMO= Collateralized mortgage obligation
CDO = Collateralized debt obligation
CMO 是否类似与CDO?

MBS是以住房贷款做为抵押发行的债券。CMO就是按照收益和风险不同来划分tranche的债券,可以认为是简单的CDO

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I suggest you read CFA level II curriculum throughly, especially Study Session 15 Fixed Income: Structured Securities. There will be detailed explanation to your questions. They are pretty interesting. Have Fun !

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