VIETNAM BOND MARKET Nguyen Ngoc Anh Ministry of Finance – Vietnam 11/2009 A YOUNG AND GROWING MARKET • The Vietnam bond market development was boosted when Vietnam entered WTO in 2006. Total market capitalsisation is now at 15% of GDP. >500 government bonds outstanding on some USD 12 billion After 2008 foreign exodus the market today is predominantly Vietnamese with a handful of big players. In the absence of mutual funds and pension funds‚ banks dare key players. BOND GROWTH 2001-2008
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marks) The yield to maturity on a bond is: (a) based on the assumption that any payments received are reinvested at the coupon rate of return. (b) based on the assumption that any payments received are reinvested at the current yield. (c) below the coupon rate when the bond sells at a discount‚ and above the coupon rate when the bond sells at a premium. (d) none of the above. B. (2 marks) In which one of the following cases is the bond selling at a premium? (a) Coupon
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UNIVERSITY OF ZIMBABWE GRADUATE SCHOOL OF MANAGEMENT MASTERS IN BUSINESS ADMINISTRATION Group 10 Bright Chidyagwai R074349A Raymond Mharapara R074352B Sarathiel Chaipa R901942L Lovemore Muronda R074359Q Lovemore Hakuna R0019347 Fanuel Sigodho R9913490 Course: Business and Its Environment Course Code: MBA 504 Lecturer: Mr. M. Kwaramba Due Date: 02 December 2007 QUESTION: Zimbabwe’s comparative advantage is restricted largely
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Sections 3/4 – Solution to Exercises 3.2. Suppose you own a portfolio of two zero-coupon bonds‚ one maturing in three years and one maturing in five years. Both have a face value of 100 euro. The three year rate is currently 3% and the five year rate 4%. What is the value of your portfolio? What is its modified duration? What is the sensitivity of the portfolio value to one basis point increase in each of the time buckets? What is the present value of a basis point? After some up-beat economic
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Compare and contrast foreign currency futures and options. Identify situations where you may choose one or the other. When Barings Bank‚ the oldest merchant bank in London‚ collapsed in 1995 after one of the bank’s employees lost £827 million due to speculative investing‚ primarily in futures contracts‚ it illustrated the extreme danger and volatility of derivatives. Options and futures can be used to eliminate‚ reduce‚ hedge and manage risk‚ but can also be highly speculative. Foreign currency
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A Call To Justice Webster’s Dictionary defines the word “justice” as one of the following three things: 1) just behavior or treatment; 2) the quality of being fair and reasonable; or 3) the administration of the law or authority in maintaining this. These seem like pretty straightforward definitions of the word justice but there are some people who would argue that justice is much more than what it seems. Timothy Keller is one such person. In his book Generous Justice‚ Keller says that justice
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Bond issue price and premium amortization Bond issue price and premium amortization On January 1‚ 2011‚ Placido Co. issued ten-year bonds with a face value of P1‚000‚000 and a stated interest rate of 10%‚ payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: Present value of 1 for 10 periods at 10% ......................................... .386 Present value of 1 for 10 periods at 12% ...........
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spy films. Throughout the centuries the spy genre has undergone many changes. From early movies based on World War II to modern films about the Cold War‚ Hollywood has always seemed to distort the line between fact and fiction. Ian Fleming’s James Bond was and still is the catalyst of the latest transformation of undercover agent within the spy genre. Moreover‚ other films such as Mission Impossible II have also propagated this distortion between truth and reality through the character of Ethan Hunt
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Treasury Bond Yields ______________________________________________________________________ I. Introduction The Federal Open Market Committee raised the federal funds target interest rate from the historically low 1% to 1.25% at its meeting in June 2004. Macroeconomic theory tells us that long-term interest rates tend to move in the same direction‚ and generally in concert with‚ shortterm interest rates (Abel 2005). So‚ we would expect the yield on a long-term asset like the10year Treasury bond‚ which
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Dylan Spurlock Gassel English 1101.22 14‚ September 2010 Close Call My day began like any other day. I had a friend stay with me the night with me‚ so we woke up‚ walked outside and smoked a cig. We were just standing talking about how wild the night before got. I asked Slim‚ “You ready to do it again tonight?” He said‚ Hell yea! You already know!”(Laughing and smiling while saying it). After we got done smoking we walked inside and ate us some breakfast .For a while we just sat around
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