Public Securities Association(PSA)

Definition:

The trade association for primary dealers in US government securities, including MBSs. In 1997, they became known as the Bond Market Association.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Shakeout

A dramatic change in market conditions that forces speculators to sell their positions, often at a loss.

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