“The universal bank is the regulatory equivalent of the super-senior mortgage-backed bond,” says one analyst.

有分析家称：“综合性银行就相当于受监管的、抵押业务支撑的超级债券。

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On July 26th Bankinter, a midsized Spanish commercial bank that just scraped through the tests, paid a record spread of 240 basis points to issue a mortgage-backed bond.

在7月26日，班金特，一家刚刚勉强过关的中型西班牙商业银行支付了历史最高的240基点来发行一种房贷债券。

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Second, many pension funds were badly wounded in the mortgage-backed bond crunch of 2008 and 2009.

FORBES: Five Bubbles Still In The Blowing Phase

If you decide to buy a mortgage-backed bond, pay attention to where the pool is coming from.

FORBES: Magazine Article

When you buy a mortgage-backed bond, you are in effect buying a straight bond and then giving away a call option to the homeowners.

FORBES: Magazine Article