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
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
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