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- The Bank of England’s Monetary Policy Committee raised interest rates to 3.5 per cent on December 15, 2022 while governor Bailey declaring that “inflation has reached its peak”. What was the immediate impact of this action on financial markets? You have been given £10 million on December 16 to build an optimal portfolio in current market conditions. What would you be investing on, how much on each financial instrument and why? Explain your strategy in detail. Direct and indirect investment are all allowed. No cryptocurrency.Suppose a new and more liberal Congress and administration are elected. Their first orderof business is to take away the independence of the Federal Reserve System and to forcethe Fed to greatly expand the money supply. What effect will this have:a. On the level and slope of the yield curve immediately after the announcement?b. On the level and slope of the yield curve that would exist 2 or 3 years in the future?For the first time since 2006, the Federal Reserve voted to raise interest rates by a one-quarter percentage point in December 2015. Prior to this increase, interest rates had remained between the 0.00% - 0.25% range, an area called “the zero lower bound.” The Federal Reserve had driven interest rates down that low as a means of helping the economy get back on its feet after the Financial Crisis. The reasoning was that consumers and businesses needed access to loans so that production could turn around. (Consumers take out loans to buy high price items like cars and homes. Businesses use loans as a means of expanding their business. In both instance, more goods will be produced.) The increase in 2015 moved rates to the 0.25% - 0.50% range. As of October 2018, interest rates have moved to 1.00% - 1.25% range. For this discussion board, I want you to do some research into the “Financial Crisis.” Why did it occur? Can you characterize the behavior of the financial sector that led to the…
- At the end of 2020 and the beginning of 2021, coupon rates on long-term T-notes and T-bonds were near historic lows. Further, the federal government was running a historically large budget deficit in an effort to stimulate an economy battered by COVID-19 and to support millions of unemployed workers. Some investment advisers warned that this could be a particularly bad time to invest in government bonds or bonds in general. Why?You are an assistant analyst at a financial consulting company. You havebeen asked to prepare a report for your manager who is advising a newclient on using interest rate derivatives to hedge against interest ratemovements.The client is hoping to increase production capacity by 50% in the next twoto three years due to increasing demand for its products. The client will needto obtain finance to fund the expansion.The yield curve is currently upward sloping; however, the client is worriedthat possible Federal Reserve actions to reduce inflation may result in adownturn in the economy. As the client already has floating interest-baseddebt, it is enquiring about hedging potential interest rate risk using swaps.You are required to write a short report that addresses the followingconcerns so that your manager can present it to the client:a) In what ways could the client use swaps to reduce exposure tointerest rate movements on its cost of debt? Include an explanationof any disadvantages of…Suppose the Federal Reserve increases deposits at financial institutions by $50 billion through its open market operations. If the reserve requirement for all deposits is 8%, what is the maximum impact the Fed's actions can have on total deposits?a. $575 billion increaseb. $54.3 billion increasec. $625 billion increased. An increase greater than $1 trillione. Total deposits would decrease, but there is not enough information to compute theamount.
- Along with the crash in the real estate and financial markets, 2008 also was a period of above average inflation. The inflation rate was 5.6% for the 12 months ending June 2008. At the same time, the yield of the US Treasury bond was at 4.53%. Did you notice that the real rate was negative? This means that an investment in a 30-year US Treasury Bond was not even yielding enough to cover the increase in prices. What was the real return on the 30-year T-bond during that time? Convert your answer to a percent but enter numbers only in your response.Give typing answer with explanation and conclusion Consider the prevailing condition of inflation (including changes in global oil price), the economy, budget deficit, decreases in expected remittance inflow, and the central bank monetary policy that could affect interest rate. Based on the prevailing conditions do you think bond price will increase or decreases in next six-month period. In the real economic environment which other factors may affect the bond price? Which factor in your opinion will have biggest impact on bond price? Assess the above given situations.The Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) by 25 basis points to 2.50% on the 3rd of March 2020. The reduction in the OPR is intended to provide a more accommodative monetary environment to support the projected improvement in economic growth amid price stability. BNM will continue to monitor and assess the balance of risks surrounding the outlook for domestic growth and inflation. The reduction in the OPR came largely in line with economists’ expectations. This is the second cut so far this year. In January, Bank Negara reduced the OPR by 25 basis points to 2.75% -- the lowest since 2011. Two years ago, Malayawata Steel issued RM 100 million worth of ten-year bonds with a face value of RM1,000.00 and a coupon rate of 5%. Coupon payments are made semi-annually. Two years ago, the market yield-to-maturity was 3% pa. Due to the increased insecurity facing the industry, the market yield to maturity is now 7% p.a.…
- The Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) by 25 basis points to 2.50% on the 3rd of March 2020. The reduction in the OPR is intended to provide a more accommodative monetary environment to support the projected improvement in economic growth amid price stability. BNM will continue to monitor and assess the balance of risks surrounding the outlook for domestic growth and inflation. The reduction in the OPR came largely in line with economists’ expectations. This is the second cut so far this year. In January, Bank Negara reduced the OPR by 25 basis points to 2.75% -- the lowest since 2011. Two years ago, Malayawata Steel issued RM 100 million worth of ten-year bonds with a face value of RM1,000.00 and a coupon rate of 5%. Coupon payments are made semi-annually. Two years ago, the market yield-to-maturity was 3% pa. Due to the increased insecurity facing the industry, the market yield to maturity is now 7% p.a. a)…In 2020, the US 10-year Treasury Note yield stood at a nominal .7% and taking into account an expected inflation rate of 1.6% meant that the real yield was negative. In such a case, the negative yield may provide incentive for many investors to a. buy stocks b. undertake more risky investments (relative to buying US Treasuries) c. bid down the value of the US $ by buying foreign developed country bonds d. All of the aboveJohn Ayena, a trainee at an investment banking firm, is trying to get an idea of what real rate of return investors are expecting in today’s marketplace. He has looked up the rate paid on 3-month U.S. Treasury bills and found it to be 5.5%. He has decided to use the rate of change in the Consumer Price Index as a proxy for the inflationary expectations of investors. That annualized rate now stands at 3%. On the basis of the information that John has collected, what estimate can he make of the real rate of return?