3. International Interest Rates. A number of Web sites publish current interest rates by currency and matu-
Question:
3. International Interest Rates. A number of Web sites publish current interest rates by currency and matu- rity. Use the Financial Times Web site to isolate the interest rate differentials between the U.S. dollar, the British pound, and the euro for all maturities up to and including one year. Financial Times Market Data www.ft.com/markets Data Listed by the Financial Times: International money rates (bank call rates for major currency deposits) Money rates (LIBOR and CD rates, etc.) 10-year spreads (individual country spreads ver- sus the euro and U.S. 10-year treasuries) Note: Which countries actually have lower 10-year gov- ernment bond rates than the United States and the euro? Probably Switzerland and Japan. Check. Benchmark government bonds (sampling of rep- resentative government issuances by major coun- tries and recent price movements) Note which countries are showing longer maturity bench- mark rates. Emerging market bonds (government issuances, Brady bonds, etc.) Eurozone rates (miscellaneous bond rates for assorted European-based companies; includes debt ratings by Moodys and S&P)
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Fundamentals Of Multinational Finance
ISBN: 9780321541642
3rd Edition
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman