Читать книгу The Sterling Bonds and Fixed Income Handbook - Mark Glowrey - Страница 53

There are numerous bonds issued to fund mortgage loans, credit cards loans and other more complex financial transactions. These types of bonds, often known as mortgage-backed and asset-backed, are not generally available to the investing public in the UK. The credit quality of these varies from excellent to poor, typically depending on their place within the pecking order of claims to the underlying assets. Secondary market liquidity is often poor.