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Trading & Valuing Agency CMO Derivatives: An Execution Trader's Reference Guide Part Art & Part Science Paperback – September 20, 2010
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Top Customer Reviews
I work for a large broker/dealer in mbs valuation, and although I am not an expert, I know enough to realize this book is inadequate on all fronts. There are numerous typos and grammatical errors, most likely because Mr. Onwuachi self published and lacked a legitimate editor. If you are looking for a general intro to cmo derivatives from a reputable source, I would recommend Fabozzi books or primers published by broker/dealers. Mr. Onwuachi's subject matter knowledge is questionable at best. Buzz words and industry jargon are not sufficient to publish a book on the matter. I took a chance with this book and in the words of Mr. Onwuachi I "got robbed" not by a greedy banker, but by a self-proclaimed Agency CMO Derivatives Specialist.
I would have rated this 0 stars if Amazon allowed.
By: Carrie Bay 09/29/2010
The multifaceted and vast derivatives market can be thorny for even the sharpest of minds. But Udo Onwuachi, a former mortgage trader and authority on collateralized mortgage obligation (CMO) derivatives, says he aims to introduce agency CMO derivatives to a much broader
audience - an audience that may still be leery of mortgage bonds after the credit crisis fallout.
Onwuachi's book, "Trading & Valuing Agency CMO Derivatives, A Reference Guide, Part Art, Part Science," arrived in stores September 10th. Published by Amazon Books, it is a practical guide to trading mortgage derivatives, running a hedge fund, or for funds looking to allocate money to specialty fund managers, Onwuachi explained.
"So many pension funds will not be able to meet their obligations and are increasing the percentage their members have to contribute," Onwuachi said, "instead of changing their investment strategy by buying U.S. government backed MBS [mortgage-backed securities] and plain vanilla agency CMO bonds and CMO derivatives to protect against inflation and interest rate hikes."
"Trading & Valuing Agency CMO Derivatives" is available September 10th in bookstores and online at Amazon.com.
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