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Investing Glossary:
Overshooting
Copyright 2013,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
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| Definition: |
| The tendency of a Pool of MBS to reflect an especially High rate of Prepayments the first time it crosses the threshold for refinancing, specially if two or more years have passed since the Date of issue without the weighted Average coupon of the pool crossing the Refinancing threshold.
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