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Super po

• Is a security that acts like a support instrument to Planned Amortization Class (PAC) and Targeted Amortization Class (TAC) bonds. Yields on these double-duty securities can fluctuate greatly depending on the actual prepayment history. Very high prepayments against the underlying PACs and TACs can quickly boost Super PO yields.

 
 Embedded terms in definition
 Amortization
Class
Planned amortization class
Prepayments
Prepayment
Securities
Security
Support
Targeted amortization class
Underlying
 
 Related Terms
 Po
Super floater
Super pac

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