In context of MBS trades what do these terms mean for the PnL caclulations -
-
Factor PnL
-
Drop “Reserve” PnL
-
Paydown (PnL??)
In context of MBS trades what do these terms mean for the PnL caclulations -
Factor PnL
Drop “Reserve” PnL
Paydown (PnL??)
Anyone knows about these ?