Investing in Collateralized Debt Obligations

Download or read book Investing in Collateralized Debt Obligations written by Frank J. Fabozzi and published by John Wiley & Sons. This book was released on 2001-05-15 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fastest growing sector of the asset-backed securities market is the collateralized debt obligation (CDO) market. CDOs are securities backed by a pool of diversified assets and are referred to as collateralized bond obligations (CBOs) when the underlying assets are bonds and as collateralized loan obligations (CLOs) when the underlying assets are bank loans. Investing in Collateralized Debt Obligations covers not only the fundamental features of these securities and the investment characteristics that make them attractive to a broad range of institutional investors, but also the tools for identifying relative value. Nearly a dozen of today's best known analysts discuss emerging market CBOs, relative value frameworks, pricing strategies and techniques, and more.