1. Financial Institutions and Markets FIN 304 Dr. Andrew L. H. Parkes Day 3 “How do financial markets work?” 卜安吉

2. Financial Institutions & Markets, Day 32 Other Financial Markets I want to introduce the Commodity Markets briefly here. I want to introduce the Commodity Markets briefly here. Just what is traded in these markets and Just what is traded in these markets and What are some of the indexes. What are some of the indexes. Also I want you to know the Yield Curve! Also I want you to know the Yield Curve!

3. Financial Institutions & Markets, Day 33 Commodities Futures Mkt INDEX NAME VALUECHANGEOPENHIGHLOWTIME UBS BLOOMBERG CMCI807.70-37.37830.07830.16805.9212/05 S&P GSCI318.00-16.18333.20336.30317.1312/05 RJ/CRB Commodity208.60-9.39217.79217.99208.5812/05 Rogers Intl2334.34-98.002427.762433.432317.7112/05 Brookshire Intl291.631.34NaN 11/21

4. Financial Institutions & Markets, Day 34 Commodities Futures cont. Energy PRICECHANGE%CHANGETIME BRENT CRUDE FUTR (USD/bbl.)39.740-2.540-6.0112/05 GAS OIL FUT (ICE) (USD/MT)447.500-42.250-8.6312/05 GASOLINE RBOB FUT (USd/gal.)90.120-6.830-7.0412/05 HEATING OIL FUTR (USd/gal.)142.650-8.260-5.4712/05 NATURAL GAS FUTR (USD/MMBtu)5.742-0.275-4.5712/05 WTI CRUDE FUTURE (USD/bbl.)40.810-2.860-6.5512/05

5. Financial Institutions & Markets, Day 35 Commodities Futures cont. Agriculture PRICECHANGE%CHANGETIME COCOA FUTURE - LI (GBP/MT)1635.000-119.000-6.7812/05 COCOA FUTURE (USD/MT)2141.000-107.000-4.7612/05 COFFEE 'C' FUTURE (USd/lb.)103.200-2.950-2.7812/05 CORN FUTURE (USd/bu.)309.250-24.750-7.4112/05 COTTON NO.2 FUTR (USd/lb.)41.370-2.230-5.1112/05 FCOJ-A FUTURE (USd/lb.)74.950-1.250-1.6412/05 SOYBEAN FUTURE (USd/bu.)783.500-27.500-3.3912/05 SOYBEAN MEAL FUTR (USD/T.)238.300-7.200-2.9312/05 SOYBEAN OIL FUTR (USd/lb.)28.550-0.950-3.2212/05 SUGAR #11 (WORLD) (USd/lb.)10.570-0.230-2.1312/05 WHEAT FUTURE(CBT) (USd/bu.)475.500-10.500-2.1612/05 WHEAT FUTURE(KCB) (USd/bu.)503.250-9.750-1.9012/05 http://www.bloomberg.com/markets/commodities/cfutures.html

6. Financial Institutions & Markets, Day 36 Commodities Futures cont. ALUMINUM FUTURE (USd/lb.)69.100-3.500-4.8212/05 COPPER FUTURE (USd/lb.)137.350-9.600-6.5312/05 GOLD 100 OZ FUTR (USD/t oz.)752.200-13.300-1.7412/05 SILVER FUTURE (USD/t oz.)9.430-0.090-0.9512/05 CATTLE FEEDER FUT (USd/lb.)86.650-1.450-1.6512/05 LEAN HOGS FUTURE (USd/lb.)64.2000.5500.8612/05 LIVE CATTLE FUTR (USd/lb.)81.450-1.625-1.9612/05

7. Financial Institutions & Markets, Day 37 Understanding Interest Rates Ch. 3 Ch. 3 – Notice Calculations Discount Bond Friday ’ s yield curve => Friday ’ s yield curve => What does this tell you? U. S. Treasury Yield Curve http://www.bloomberg.com/markets/rates/index.html

8. Financial Institutions & Markets, Day 38 Discount Yields pp. 52 - 58 Yield on a discount basis - Notice the Calculations Yield on a discount basis - Notice the Calculations Bond Quotes – p. 55 Bond Quotes – p. 55 (Wall St J.) Treasury Bills – p. 57 Treasury Bills – p. 57 Corporate Bonds – p. 58 Corporate Bonds – p. 58 Real Interest Rate pp. 58 - 61 Real Interest Rate pp. 58 - 61

9. Financial Institutions & Markets, Day 39 From Shanghai Daily China to issue 23.8 bln yuan in treasury bonds at 2.71% China to issue 23.8 bln yuan in treasury bonds at 2.71% –CHINA will issue the 23rd batch of book-entry treasury bonds worth 23.82 billion yuan (US $3.46 billion) for this year starting Monday, according to the Ministry of Finance. –The ministry said in a statement the issue period would last from December 8 to 10. The one-year bonds have a fixed yield of 2.71 percent. Created: 2008-12-6 17:52:42

10. Financial Institutions & Markets, Day 310 From Shanghai Daily China to issue 23.8 bln yuan in treasury bonds at 2.71% China to issue 23.8 bln yuan in treasury bonds at 2.71% –Interest will be calculated from December 8, and the principal will be paid on December 8, 2009 along with interest. –The latest issue will bring China's book-entry T-bonds this year to more than 1 trillion yuan. http://www.shanghaidaily.com/article/?id=383515&type=Business