301 posts on "Financial Markets"
August 26, 2013
Information on Dealer Activity in Specific Treasury Issues Now Available
The New York Fed has long collected market information from its primary dealer trading counterparts and released these data in aggregated form to the public.
August 21, 2013
Creating a History of U.S. Inflation Expectations
Central bankers closely monitor inflation expectations because they’re an important determinant of actual inflation.
August 19, 2013
Are Higher Haircuts Better? A Paradox
Brian Begalle, Adam Copeland, Antoine Martin, Jamie McAndrews, and Susan McLaughlin Repurchase agreement (repo) markets played an important role in the 2007-09 financial crisis in the United States, and much discussion since then has focused on the role of repo haircuts. A repo is essentially a loan collateralized by securities. Typically, the value of the […]
August 5, 2013
The Recent Bond Market Selloff in Historical Perspective
Long-term Treasury yields have risen sharply in recent months.
July 17, 2013
Magnifying the Risk of Fire Sales in the Tri‑Party Repo Market
The fragility inherent in the tri-party repo market came to light during the 2008-09 financial crisis.
May 8, 2013
Are Stocks Cheap? A Review of the Evidence
We surveyed banks, we combed the academic literature, we asked economists at central banks.
April 15, 2013
Do Treasury Term Premia Rise around Monetary Tightenings?
Some commentators have expressed concern that Treasury yields might rise sharply once the Federal Open Market Committee (FOMC) begins to raise the federal funds rate (FFR), worrying, in particular, about a sudden increase in Treasury term premia.
Posted at 7:00 am in Expectations, Financial Markets, Forecasting, Macroeconomics, Unemployment | Permalink
April 3, 2013
I Want My Money Now: The Highs and Lows of Payments in Real Time
Peel back the layers of complex financial institutions and instruments, and you’re
left with individuals demanding to be paid, and to be paid quickly.
April 1, 2013
How Liquid Is the Inflation Swap Market?
Inflation swaps are used to transfer inflation risk and make inferences about the future course of inflation.
March 25, 2013
A New Approach for Identifying Demand and Supply Shocks in the Oil Market
An oil-price spike is often used as the textbook example of a supply shock. However, rapidly rising oil prices can also reflect a demand shock. Recognizing the difference is important for central bankers.
Posted at 7:00 am in Exports, Financial Institutions, Financial Markets, International Economics | Permalink
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