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Capital Markets
Short-term investments and borrowing are
driven by the available rates in the market for these products and services.
Likewise, long-term rates in the debt and equity markets will determine
the cost of capital for an organization. This section provides sites which
offer information to the treasurer on various rates for different segments
of the market.
The Federal Reserve Bank of New York provides one of the better sites
for daily rates on commercial paper (CP) and foreign exchange (FX). Daily
rates are available for dealer-placed and direct-placed commercial paper
plus 36 foreign currencies. These are the noon buying rates "as certified
by the New York Federal Reserve Bank for customs purposes." All of
the rates shown are expressed in terms of foreign currency values (e.g.,
118.33 yen/dollar) except for U.K. Sterling rates which are shown in terms
of U.S. dollars per pound. In addition, you can access the New York Federal
Reserve's 10:00 A.M. midpoint (between buying and selling rates) foreign
exchange rates daily for major currencies expressed in foreign currency
units:
- Pound Sterling (expressed in US$ equivalents)
- Canadian Dollar
- French Franc
- German Mark
- Swiss Franc
- Japanese Yen
- Dutch Guilder
- Belgian Franc
- Italian Lira
- Swedish Krone
- Norwegian Krone
- Danish Krone
More information
is provided in the Member Area
Recommended further reading:
Trading and
Capital-Markets Activities Manual by the Federal Reserve Board
Type of
Instruments
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