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The Mechanics of Finance: Municipal Finance

The Mechanics of Finance: Municipal Finance

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The Mechanics of Finance is a three part program produced by the National Press Foundation in collaboration with the Milken Institute. These slides were produced by the Milken Institute for use by Manju Ganeriwala, George Friedlander, and Mike DeBonis.
The Mechanics of Finance is a three part program produced by the National Press Foundation in collaboration with the Milken Institute. These slides were produced by the Milken Institute for use by Manju Ganeriwala, George Friedlander, and Mike DeBonis.

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Published by: National Press Foundation on Nov 13, 2013
Copyright:Attribution Non-commercial

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12/10/2013

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MILKEN INSTITUTE CENTER FOR FINANCIAL MARKETS-NATIONAL PRESS FOUNDATION TUESDAY, NOVEMBER 12, 2013
Mechanics of Finance: Municipal Finance
 
Historical Interest Rate Yield: 2008-2013
Data Source: Bloomberg
00.511.522.533.544.55
   Y   i   e    l    d    (   %    )
10 Year UST10 Year AAA
Sep 2008 
Lehman Bros. Bankruptcy Fannie Mae and Freddie Mac conservatorshipTreasury guarantees money market
mutual fu
nd
Feb 2009
Financial Stability Plan announced Recovery ACT signed 
 Jul 2010 
Dodd-Frank ACT signed into law TARP investment authorityreduced and limited to existing programs
May 2013
Bernanke discusses tapering
 July 2009
QE1 expanded 
Sep 2011
Operation Twist announced 
Mar 2010 
QE1 ends
 Apr 2012
Italianand Spanish bond yields spike
 Jul 2011
QE2 ends
Nov 2010 
QE2 announced 
 
Muni Bonds: Where we are now
Source: Morgan Stanley - Municipal Bond Monthly Oct 2013

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