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

2. September 15, 2009Financial 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. September 15, 2009Financial 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. September 15, 2009Financial 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. September 15, 2009Financial 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. September 15, 2009Financial 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. September 15, 2009Financial Institutions & Markets, Day 37 Commodities Futures - Oil http:// online.wsj.com/mdc/public/page/mdc_commodities.html?mod=mdc_topnav_2_3000 Crude Oil – 1 year NYMEX or New York Mercantile Exchange

8. September 15, 2009Financial Institutions & Markets, Day 38 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

9. September 15, 2009Financial Institutions & Markets, Day 39 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

10. September 15, 2009Financial Institutions & Markets, Day 310 From Shanghai Daily New yuan bonds set to debut in Hong Kong New yuan bonds set to debut in Hong Kong –CHINA will soon issue its first yuan-backed sovereign bonds in the Hong Kong Special Administrative Region to build a market for the currency in the global financial hub. The Ministry of Finance will offer 6 billion yuan (US$878 million) of the bonds on September 28 to retail and institutional investors, the ministry said yesterday. Created: 2009-9-9

11. September 15, 2009Financial Institutions & Markets, Day 311 From Shanghai Daily New yuan bonds set to debut in Hong Kong New yuan bonds set to debut in Hong Kong –Peng Wensheng, head of China research at Barclays Capital, said that while the amount is not large, it is a significant development in the internationalization of the yuan and for the development of the Hong Kong bond market. "The issue broke new ground in an effort to promote the domestic currency as an international currency," Peng said yesterday. http://www.shanghaidaily.com/sp/article/2009/200909/20090909/article_413253.htm