fixed-income-structured
Fixed Income — Structured Products
Purpose
Analyze structured fixed income products including mortgage-backed securities (MBS), asset-backed securities (ABS), and collateralized loan obligations (CLOs). This skill covers prepayment modeling, tranching mechanics, waterfall structures, and the unique risk characteristics of securitized products.
Layer
2 — Asset Classes
Direction
both
When to Use
- User asks about mortgage-backed securities (MBS), agency or non-agency
- User asks about asset-backed securities (ABS) — auto loans, credit cards, student loans
- User asks about CLOs (Collateralized Loan Obligations) or CDOs
- User asks about prepayment risk, extension risk, or contraction risk
- User asks about tranching, waterfall structures, or subordination
- User asks about PSA prepayment models, CPR, or SMM
- User asks about weighted average life (WAL) vs maturity
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