We include two smaller groups, one of which contains three rates for long-term government (state and local) and
agency bonds. The other relatively small group in our panel includes two series of interest rate changes for new and used car loans.
If FILP
agency bonds have been the central financing measure of FILP agencies, it would be inevitable for many FILP agencies to be unable to obtain sufficient funds in the markets.
First, there might be some default risk on the
agency bond. With a credit derivative, one would be able to construct a default-free synthetic
agency bond.
Reuters has reported that Deutsche Bank AG (NYSE: DB) and Bank of America Corp (NYSE: BAC) have agreed to pay to settle charges that they tried to rig the government
agency bond market.
For example, in asking whether there is a liquidity channel that may affect interest rates, we consider the yield spread between a long-term
agency bond and a long-term Treasury bond and measure how this yield spread changes over the relevant QE event.
Five commercial banks in the US have been sued for rigging the
agency bond market.
Agency bond is a bet every bit as safe as Treasuries, yet slated to pay higher interest.
Fabianna Del Canto, a managing director on Barclays Plc's sovereign, supranational and
agency bond syndicate desk, is to move to New York.
With that in mind, it may be best to invest in individual
agency bonds as a substitute for Treasuries when you're looking to preserve a certain amount of savings for a specific target, such as college or retirement Ask your broker to price both an
agency bond and a comparable Treasury, and factor in the brokerage fees in both cases when comparing yields.
These could include Industrial Development
Agency bond financing, state economic development grant financing and power rate reductions.
The Financial Industry Regulatory Authority (FINRA) has fined Citi International, a unit of Citigroup Inc (NYSE: C), for excessive mark-ups and markdowns on corporate and
agency bond transactions.