Public Securities Association (PSA)
Contents
Exploring the Legacy of the Public Securities Association (PSA)
Delve into the world of the Public Securities Association (PSA) and its significant impact on the U.S. securities market. From its inception to its evolution into the Bond Market Association and beyond, the PSA has left an indelible mark on the financial landscape.
Unveiling the History of the PSA
Discover the origins of the Public Securities Association, established in 1976 as a pivotal trade organization for traders dealing in U.S. government securities. Learn how it transformed into the Bond Market Association in 1997, reflecting its expanded scope and membership.
The Bond Market Association's Influence
Explore the role of the Bond Market Association in representing a diverse array of securities firms and banks, exerting a substantial influence on U.S. municipal bond underwriting and trading. With headquarters outside New York City, its reach extended across the nation's financial sector.
The Legacy of the PSA Standard Prepayment Model
While the Public Securities Association may no longer exist, its legacy lives on through the PSA Standard Prepayment Model. Dive into this essential financial model used to manage prepayment risk, providing traders with insights into mortgage-backed securities' potential yield and risks.