Analyze structured fixed income products including mortgage-backed securities, asset-backed securities, and CLOs. Use when the user asks about MBS, ABS, CLOs, CDOs, prepayment risk, tranching, or waterfall structures. Also trigger when users mention 'mortgage bonds', 'agency MBS', 'pass-through secu
Analyze structured fixed income products including mortgage-backed securities, asset-backed securities, and CLOs. Use when the user asks about MBS, ABS, CLOs, CDOs, prepayment risk, tranching, or waterfall structures. Also trigger when users mention 'mortgage bonds', 'agency MBS', 'pass-through securities', 'PSA prepayment speed', 'negative convexity', 'extension risk', 'contraction risk', 'CMO tr