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Financial Institutions and Markets FIN 304. Dr. Andrew L. H. Parkes Day 3 “How do financial markets work?”. 卜安吉. Other Financial Markets. I want to introduce the Commodity Markets briefly here. Just what is traded in these markets and What are some of the indexes.
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Financial Institutions and MarketsFIN 304 Dr. Andrew L. H. Parkes Day 3 “How do financial markets work?” 卜安吉
Other Financial Markets • I want to introduce the Commodity Markets briefly here. • Just what is traded in these markets and • What are some of the indexes. • Also I want you to know the Yield Curve! Financial Institutions & Markets, Day 3
Commodities Futures Mkt Financial Institutions & Markets, Day 3
Commodities Futures Mkt Financial Institutions & Markets, Day 3
Commodities Futures cont. Financial Institutions & Markets, Day 3
Commodities Futures cont. http://www.bloomberg.com/markets/commodities/cfutures.html Financial Institutions & Markets, Day 3
Commodities Futures cont. Financial Institutions & Markets, Day 3
Commodities Futures - Oil Crude Oil – 1 year NYMEX or New York Mercantile Exchange, Sept. 8, 2009 http://online.wsj.com/mdc/public/page/mdc_commodities.html?mod=mdc_topnav_2_3000 http://online.wsj.com/mdc/public/page/mdc_commodities.html?mod=mdc_topnav_2_3000 Financial Institutions & Markets, Day 3
Commodities Futures - Oil Crude Oil – 1 year NYMEX or New York Mercantile Exchange, Dec. 4, 2009 http://online.wsj.com/mdc/public/page/mdc_commodities.html?mod=mdc_topnav_2_3000 Financial Institutions & Markets, Day 3
Understanding Interest Rates Ch. 3 Ch. 3 –Notice Calculations Discount Bond • Friday’s yield curve => 1 yr ago What does this tell you? Below today U. S. Treasury Yield Curve http://www.bloomberg.com/markets/rates/index.html Financial Institutions & Markets, Day 3
Discount Yields pp. 52 - 58 • Yield on a discount basis - Notice the Calculations • Bond Quotes – p. 55 (Wall St J.) • Treasury Bills – p. 57 • Corporate Bonds – p. 58 • Real Interest Rate pp. 58 - 61 Financial Institutions & Markets, Day 3
From Shanghai Daily • New yuan bonds set to debut in Hong Kong • CHINA will soon issue its first yuan-backed sovereign bonds in the Hong Kong Special Administrative Region to build a market for the currency in the global financial hub.The Ministry of Finance will offer 6 billion yuan (US$878 million) of the bonds on September 28 to retail and institutional investors, the ministry said yesterday. Created: 2009-9-9 Financial Institutions & Markets, Day 3
From Shanghai Daily • New yuan bonds set to debut in Hong Kong • Peng Wensheng, head of China research at Barclays Capital, said that while the amount is not large, it is a significant development in the internationalization of the yuan and for the development of the Hong Kong bond market. "The issue broke new ground in an effort to promote the domestic currency as an international currency," Peng said yesterday. http://www.shanghaidaily.com/sp/article/2009/200909/20090909/article_413253.htm Financial Institutions & Markets, Day 3