Andrew Davidson and Alex Levin referenced in Financial Times article titled "How US Mortgage Bonds can Trigger a ‘Vicious Loop’ for Treasury Yields"
One little cog in the bond market’s feedback machine.
Click to read the full paper that was referenced in the Financial Times article: The Journal of Portfolio Management, "Prepayment Risk-and-Option-Adjusted Valuation of MBS," Volume 31, No. 4, Summer 2005.