Warning: Reading 55 - Don't rely on Schweser for Reading 55

CFA Level II
#1

I just finished doing the EOC questions in the CFAI book for Reading 55 - Mortgage Backed Sector of the Bond Market. Schweser did not cover the material well enough to answer the questions. They didn’t discuss PACs in great detail or discuss the calculations for inverse floaters. I would recommend doing the questions at the end of the chapter carefully and looking up what Schweser missed in the CFAI book. Hope this helps :slight_smile:

#2

Thanks, I too found CFAI better for reading 55, even though the PAC exhibits made my eyes water,

#3

Thanks a lot tmishin. I hope there aren’t any other boo boos by Schweser since many are using it.