Zero Coupon Debentures Due 2028 $800,000,000 Freddie Mac
... be adversely affected by changes in prevailing interest rates and the optional redemption feature. This effect on the market value could be magnified substantially in a rising interest rate environment in the case of the Debentures due to their long remaining term to maturity. In such an environment ...
... be adversely affected by changes in prevailing interest rates and the optional redemption feature. This effect on the market value could be magnified substantially in a rising interest rate environment in the case of the Debentures due to their long remaining term to maturity. In such an environment ...
`surrender charge` on international units in the Australian ETS
... they are emitted on Earth’s surface. This is because gases in the atmosphere are ‘well mixed’, so the geographical source is largely irrelevant. It follows that reducing emissions in one country is as valuable as reducing emissions in another country. This is important, because providing for spatial ...
... they are emitted on Earth’s surface. This is because gases in the atmosphere are ‘well mixed’, so the geographical source is largely irrelevant. It follows that reducing emissions in one country is as valuable as reducing emissions in another country. This is important, because providing for spatial ...
The Economy and Bond Market
... Halliburton believes the North American oil market has turned. "We expect to see a modest uptick in rig count during the second half of the year," CEO Dave Lesar said in the company's second-quarter earnings statement. Around mid-May, the plunge in the U.S. oil rig count stabilized as rising oil pri ...
... Halliburton believes the North American oil market has turned. "We expect to see a modest uptick in rig count during the second half of the year," CEO Dave Lesar said in the company's second-quarter earnings statement. Around mid-May, the plunge in the U.S. oil rig count stabilized as rising oil pri ...
The Fed Needs to Change Course David Malpass
... and when the recovery reached a point of takeoff where it could support itself on its own, then the Fed pulled back, took away the punch bowl” (Bernanke 2012a: 28). The most recent interest rate cycle saw a 4.75 percent cut in the fed funds rate from December 2000 to December 2001 followed by “measu ...
... and when the recovery reached a point of takeoff where it could support itself on its own, then the Fed pulled back, took away the punch bowl” (Bernanke 2012a: 28). The most recent interest rate cycle saw a 4.75 percent cut in the fed funds rate from December 2000 to December 2001 followed by “measu ...
The Community Reinvestment Act, Bank
... Large banks—those with total assets of $250 million or more or that are affiliates of holding companies with assets of $1 billion or more—are evaluated in three areas: lending, investment, and service. Lending. When evaluating a bank's lending activities and the borrowers it reaches, examiners analy ...
... Large banks—those with total assets of $250 million or more or that are affiliates of holding companies with assets of $1 billion or more—are evaluated in three areas: lending, investment, and service. Lending. When evaluating a bank's lending activities and the borrowers it reaches, examiners analy ...
Ch. 2. Asset Pricing Theory (721383S)
... – Plan A: Investor consumes 2 units in year 1 and 10 units in year two. – Plan B: Investor consumes 6 units both years. – Most investors choose plan B. Time and Risk dimensions: – Time dimension: It’s di¢ cult to alter standard of living from period to period in response to a highly variable consump ...
... – Plan A: Investor consumes 2 units in year 1 and 10 units in year two. – Plan B: Investor consumes 6 units both years. – Most investors choose plan B. Time and Risk dimensions: – Time dimension: It’s di¢ cult to alter standard of living from period to period in response to a highly variable consump ...
The Flight from Maturity*
... A “crisis” refers to a breakpoint in the characteristics of money market instruments as a group (e.g., spreads, volumes, maturities). We empirically trace the dynamic process of the build-up of fragility during the crisis by testing for breakpoints in different panels of the term structure of spread ...
... A “crisis” refers to a breakpoint in the characteristics of money market instruments as a group (e.g., spreads, volumes, maturities). We empirically trace the dynamic process of the build-up of fragility during the crisis by testing for breakpoints in different panels of the term structure of spread ...
Central Bank Tools and Liquidity Shortages
... individual bank will seek assistance from the monetary authorities only when it cannot meet its liquidity needs in financial markets. Since the wholesale interbank money market is the first stop for most banks, this almost certainly means that there are significant doubts about the institution’s ult ...
... individual bank will seek assistance from the monetary authorities only when it cannot meet its liquidity needs in financial markets. Since the wholesale interbank money market is the first stop for most banks, this almost certainly means that there are significant doubts about the institution’s ult ...
EXPLORING ALtERNAtIvE INvEstmENts Hedge Funds | Managed
... for a greater consideration of less liquid investment strategies. With shorter time horizons and additional constraints to take into account, individual investors are not afforded such flexibility, and accordingly would not typically consider such a high concentration in alternative investments. Inf ...
... for a greater consideration of less liquid investment strategies. With shorter time horizons and additional constraints to take into account, individual investors are not afforded such flexibility, and accordingly would not typically consider such a high concentration in alternative investments. Inf ...
The Fed Needs to Change Course (Fall 2013)
... and when the recovery reached a point of takeoff where it could support itself on its own, then the Fed pulled back, took away the punch bowl” (Bernanke 2012a: 28). The most recent interest rate cycle saw a 4.75 percent cut in the fed funds rate from December 2000 to December 2001 followed by “measu ...
... and when the recovery reached a point of takeoff where it could support itself on its own, then the Fed pulled back, took away the punch bowl” (Bernanke 2012a: 28). The most recent interest rate cycle saw a 4.75 percent cut in the fed funds rate from December 2000 to December 2001 followed by “measu ...
Market Opportunities in Global Real Estate Securities
... investment benefits, including healthy income returns and a hedge against inflation, but in coming years fundamental factors such as the supply/demand cycle are set to turn positive while demographic forces look to be favorable. The growth associated with rising economic activity – including job cre ...
... investment benefits, including healthy income returns and a hedge against inflation, but in coming years fundamental factors such as the supply/demand cycle are set to turn positive while demographic forces look to be favorable. The growth associated with rising economic activity – including job cre ...
Market-specific and Currency-specific Risk During the Global
... largely independent of banks’ credit risk and was mainly driven by factors related to the funding liquidity under the global crisis. ...
... largely independent of banks’ credit risk and was mainly driven by factors related to the funding liquidity under the global crisis. ...
Market-specific and Currency-specific Risk during the
... largely independent of banks’ credit risk and was mainly driven by factors related to the funding liquidity under the global crisis. ...
... largely independent of banks’ credit risk and was mainly driven by factors related to the funding liquidity under the global crisis. ...
S T A T E M E N T ... M O N E T A R Y ... 9 MAY 2008
... incomes and spending. Given the nature of these forces, their net effect is subject to significant uncertainty. On balance, the Board’s judgment at this stage is that growth in domestic demand will remain moderate this year, and that this will help to reduce inflation over time. The slowing in the g ...
... incomes and spending. Given the nature of these forces, their net effect is subject to significant uncertainty. On balance, the Board’s judgment at this stage is that growth in domestic demand will remain moderate this year, and that this will help to reduce inflation over time. The slowing in the g ...
Cost Efficiencies white paper FINAL 10_1_15
... 5. Public and private funders could do more to expedite funding processes and help reduce unnecessary costs, but dramatic reductions are probably unattainable without new, more flexible sources of funding. Ther ...
... 5. Public and private funders could do more to expedite funding processes and help reduce unnecessary costs, but dramatic reductions are probably unattainable without new, more flexible sources of funding. Ther ...
10-year capital market return assumptions
... We expect credit spreads to migrate towards long-term historical averages. Most credit spreads will remain relatively flat with the exception of high yield which is currently trading tighter than historical averages. We also expect default and recovery rates to be in line with historical averages. ...
... We expect credit spreads to migrate towards long-term historical averages. Most credit spreads will remain relatively flat with the exception of high yield which is currently trading tighter than historical averages. We also expect default and recovery rates to be in line with historical averages. ...
United States housing bubble
The United States housing bubble was an economic bubble affecting many parts of the United States housing market in over half of American states. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012. On December 30, 2008, the Case-Shiller home price index reported its largest price drop in its history. The credit crisis resulting from the bursting of the housing bubble is—according to general consensus—the primary cause of the 2007–2009 recession in the United States.Increased foreclosure rates in 2006–2007 among U.S. homeowners led to a crisis in August 2008 for the subprime, Alt-A, collateralized debt obligation (CDO), mortgage, credit, hedge fund, and foreign bank markets. In October 2007, the U.S. Secretary of the Treasury called the bursting housing bubble ""the most significant risk to our economy.""Any collapse of the U.S. housing bubble has a direct impact not only on home valuations, but the nation's mortgage markets, home builders, real estate, home supply retail outlets, Wall Street hedge funds held by large institutional investors, and foreign banks, increasing the risk of a nationwide recession. Concerns about the impact of the collapsing housing and credit markets on the larger U.S. economy caused President George W. Bush and the Chairman of the Federal Reserve Ben Bernanke to announce a limited bailout of the U.S. housing market for homeowners who were unable to pay their mortgage debts.In 2008 alone, the United States government allocated over $900 billion to special loans and rescues related to the U.S. housing bubble, with over half going to Fannie Mae and Freddie Mac (both of which are government-sponsored enterprises) as well as the Federal Housing Administration. On December 24, 2009, the Treasury Department made an unprecedented announcement that it would be providing Fannie Mae and Freddie Mac unlimited financial support for the next three years despite acknowledging losses in excess of $400 billion so far. The Treasury has been criticized for encroaching on spending powers that are enumerated for Congress alone by the United States Constitution, and for violating limits imposed by the Housing and Economic Recovery Act of 2008.