The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
DIVISION O F I N T E R N A T I O N A L F I N A N C E BOARD OF GOVERNOR# H.13 No. 220 November 3, 1965 CAPITAL MARKET DEVELOPMENTS ABROAD I. II. I. Nine Charts on Financial Markets Abroad Latest Figures Plotted in H. 13 Chart Series, 1965 Nine Charts on Financial Markets Abroad Chart 1 - International Money Market Yields for U.S. Dollar Investors Chart 2 - Interest Arbitrage, United States/ Canada Chart 3 - Interest Arbitrage, New York/London Chart 4 - Interest Arbitrage for German Commercial Banks Chart 5 - Short-term Interest Rates Chart 6 - Long-term Bond Yields Chart 7 - Industrial Stock Indices Chart 8 - Spot Exchange Rates - Major Currencies Against U.S. Dollar Chart 9 - 3-month Forward Exchange Rates OFFICIAL USE ONLY (Decontrolled after six months) INTERNATIONAL 3-MONTH MONEY EURO-DOLLAR M A R K E T YIELDS FOR U.S. D O L L A R DEPOSIT VS. CERTIFICATE OF | SELECTED I N T E R N A T I O N A L M O N E Y ''I'd e y II* u re • INVESTORS DEPOSIT EURO-DOLLAR OVER | RATES EURO DOLLAR DEPOSIT RATES (LONDON) N.I. *111 MICNASI «.$. FIRARCl COMPART iar. Bar. 1U1 MM 116$ INTEREST ARBITRAGE, UNITED STATES / CAN AD A Fridoy 3 figures* - MONTH TREASURY BILL RATES UNITED STATES I I I I I II I III BILL RATE DIFFERENTIAL AND FORWARD CANADIAN DOLLAR SPREAD IN F FORWARD I A T I -3 - MONTH COVER-ED RATE DIFFERENTIALS (NET INCENTIVES) W f A CANADA PRIME FINANCE PAPER F A V O R U . S^ FAVOR CANADA TREASURY 1111$ Thurtdoy figure* 1 INTEREST A R B I T R A G E , N E W Y O R K / L O N D O N Friday 11 g u r e I 3 - M O N T H T R E A S U R Y BILL RATES RATE D I F F E R E N T I A L A N D 3 - M O N T H FORWARD STERLING RATE D I F F E R E N T I A L W I T H F O R W A R D E X C H A N G E C O V E R (NET I N C E N T I V E ) 2 INTEREST ARBITRAGE Friday figures 3 - M O N T H FOR TREASURY EURO-DOLLAR GERMAN BILLS, DEPOSIT COMMERCIAL INTERBANK RATES i LENDING BANKS RATE i AND i • V' RATE DIFFERENTIAL AND FORWARD DEUTSCHE MARK I N T E R B A N K LOAN R A T I I - ! i RATE !/'v aVa TREASURY BILLS i i DIFFERENT!/ i / IT H F O R W A R D r T EXCHANGE . T COVER VVl $ 1964 (NET T T INCENTIVE) Chorf 5 SHORT-TERM INTEREST R A T E S * I I CANADA 1H5 ^ 3 month ireoiury bill rotei for oil countries • *cepi Jopon and Switzerland (3 monlh deposit role) ^ 3 month role for U 5 dollar deposili in London (Averoge role on bank loans and discounts) 1 Chart t L O N G - T E R M BOND YIELDS ft - / — ^ % ' I N D U S T R I A L STOCK INDICES ,„,_ l 0 0 • • l i e stele * Swist Bonk Corporotion induilrioJ slock. ** Japan: inde* of 2 2 5 industrial ond olhe SPOT EXCHANGE RATES - MAJOR CURRENCIES AGAINST U.S. DOLLAR •/X <•"' 3 - M O N T H F O R W A R D E X C H A N G E RATES Friday figures A G A I N S T U.S. DOLLARS A G A I N S T ROUND STERLING - L O N D O N V\ A G A I N S T POUND STERLING - L O N D O N h:I3 No. 220 XI. November 3, 1965 Latest Figures Plotted In H. 13 Chart Series, 1965 Per cent per annum Chart 1 Upper panel (Wednesday Chart 5 (Friday, rtrf. ,9 , except as noted) Oct. 27 ) Euro-$ deposit 5.00 U.S. certif. of deposit 4.46 Treasury bills: Lower panels (Friday, Oct. 29 ) Euro-dollar deposits: Finance Co. paper: Call 7-day 30-day 90-day 180-day 4.25 4.38 4.5C 5.00 5.00 U.S. 4.38 Canada 4.64 Hire-purchase paper, U.K. ) Canada /, n 7 U. S. 4.03 Spread favor Canada p.Q4 Forward Canadian dollar -Q.67 Net incentive (Canada +) -0.63 U.K. 5.27 Germany 3.88 Canada 4.07 3.8? Euro-$ deposit (London) 5.00 Japan: composite rate (Date: A u g , 31 ) Chart 6 U.S. govt. Oct. 27 (Wed., 4.34 U.K. war loan (Thurs., Oct. 14 6.39 German Fed. Railway (Fri. Oct. 22 7.55 Swiss Confederation (Fri. , Oct. 22 3.96 Canadian govt. (Wed. , Oct. 29 Chart 3 (Friday, 4.03 Bonds: Oct. 29 Treasury bills: U.S. Swiss 3-month deposits (Date: Sent. 2 3 ) 4. 77 Chart 2 (Friday, Per cent per annum Oct. 29 ) Treasury bills: U.K. 5.27 U. S. 4.03 Spread favor U.K. +i.24 Forward pound -l.29 Net incentive (U.K. +) +0.05 Netherlands government perpetual (Fri., October 22) 5.30 For description and sources of data see special annex to H. 13 Number 164, forSeptember FRASER 23, 1964. Digitized
@FedFRASER