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B2 Welcomes a New Asset Class with Open ARMS
Sep 1, 1995
Adjustable Rate Mortgage-backed Securities (ARMS) are a large and increasingly popular segment of the U.S. bond market. On August 1, 1995, ARMS became a part of B2's database, and are now comprehensively modeled for risk and valuation analysis. The three general thrusts of this paper will be to: Give an overview of the ARMS market; Describe some of the structural properties of ARMS, and; Illustrate some of B2's functionality related to this new asset class.