FIN 3104 Lecture Notes - Lecture 3: United States Treasury Security, Yield Spread, Pork Belly
Document Summary
Financial markets, interest rates, ratios & return on investment. Class business: begin reading the wall street journal on february 5. Continue reading each week mon- day through saturday until the rst exam: click on print edition, look for heard on the street. Note: it is very hard to read the articles older than one week; save them. 1. 1 debt and bonds: notes and bonds: notes have maturities up to 10 years while bonds have maturities greater than 10 years. 100 of 1% how interest rates are sometimes referred as. Remember that closing price is listed as a percentage of par (): when you get a bond, you get, bonds are sold as a percent of the par value. This is how they are shown on the listing. Derivative securities are securities whose value is based upon the value of another security or asset.