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Financial Economics Lecture11 Bond Markets

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A lecture for undergraduates on Bond Markets

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Financial Economics Lecture11 Bond Markets

  1. 1. Lecture 10 Domestic & International Money Markets Tuesday, March 10, 2009
  2. 2. Last Time & Today Descriptions of Market Processes Tuesday, March 10, 2009
  3. 3. What I want you to learn Domestic & International Money Markets Matter, especially in illiquid times. Tuesday, March 10, 2009
  4. 4. Turbulence needs Liquidity to ride out the storm Tuesday, March 10, 2009
  5. 5. Problem: The Market can stay ‘irrational’ longer than you can stay solvent. Tuesday, March 10, 2009
  6. 6. Domestic Tuesday, March 10, 2009
  7. 7. Loanable Funds Demand, Supply per item, ! S(p) D(p) Price/Item, ! Tuesday, March 10, 2009
  8. 8. Simple Pictures Tuesday, March 10, 2009
  9. 9. Tuesday, March 10, 2009
  10. 10. Tuesday, March 10, 2009
  11. 11. Tuesday, March 10, 2009
  12. 12. Public Issue Tender Issue T-Bills Auction Issue Direct Placement + Tranches Tuesday, March 10, 2009
  13. 13. Commercial Paper Interbanks Also: Acceptances, Repurchases CDs Tuesday, March 10, 2009
  14. 14. Cool Reading: Carpenter and Demiralp, 2006 Tuesday, March 10, 2009
  15. 15. International Tuesday, March 10, 2009
  16. 16. Tuesday, March 10, 2009
  17. 17. Tuesday, March 10, 2009
  18. 18. Eurodollars/Euromarket Tuesday, March 10, 2009
  19. 19. Tuesday, March 10, 2009
  20. 20. Next Time Read Pilbeam, Cht 11 and 12, Liebowitz, (2005), on site. Bonds Tuesday, March 10, 2009

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