FPC and yield curve of UK, USA & JAPAN’s government bonds

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Question

1. The FPC believes that global economic growth will be subdued. Examining the yield curves for 5-year government bonds in the UK, the USA and Japan, what, if anything, does this tell us about the market’s view of economic prospects and how does this compare to the view of the FPC?
(1000 words- 30 marks)

Note:
· This question is not about historic Bond Yields. It is about Yield Curves (e.g. forward looking view of interest rates over time). The information required is available on the Bloomberg system (the function “GC” or Graph Curves will be helpful in finding the relevant yield curves for the instruments you choose to use).

· Referencing Different academic theory, FPC support or Contradict

· Bit explanation on yield curve. Types of shapes (Humped, expectations and habitats)

· 3 good graphs for 3 countries 5 years government bonds yield curves

· Comparison on * what graph is telling * what academic theory and FPC telling * what yield curve is telling . use some other graphs for quality

FPC and yield curve of UK, USA & JAPAN’s government bonds

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While answering the above question, you are required to refer to books and academic journal
art icles and aut hent ic sources. Don’t ’ use w ikipedia, invest opedia, investorw or d, t utor 4u and
other non-academic sources.

Word limits and penalties for assignments

If the assignment is within +10% of the stated word limit no penalty will apply.

The word count is to be declared on the front page of your assignment and the assignment cover sheet. The word count does not include:

·   Title and
Contents page        ·   Reference list               ·   Appendices                ·   Appropriate tables,
·   Glossary                  ·   Bibliography
·   Quotes from interviews and focus groups.
figures and illustrations
Please note, in text citations [e.g. (Smith, 2011)] and direct secondary quotations [e.g. “dib-dab nonsense analysis” (Smith, 2011 p.123)] are INCLUDED in the word count.

If this word count is falsified, students are reminded that under ARNA page 30 Section 3.4 this will be regarded as academic misconduct.
If the word limit of the full assignment exceeds the +10% limit, 10% of the mark provisionally awarded to the assignment will be deducted. For example: if the assignment is worth 70 marks but is above the word limit by more than 10%, a penalty of 7 marks will be imposed, giving a final mark of 63.
Students are advised that they may be asked to submit an electronic version of their assignment.

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Assessment Criteria (NBS)

Module Specific Assessment Criteria

Questions
0 – 9
Fail
10 – 19
Fail
20 – 29
Fail
30 – 39
Fail
40 – 49
Fail
50 – 59
Pass
60 – 69
Commendation
70 – 79
Distinction
80 – 89
Distinction
90 – 100
Distinction
Question 1   No real
attempt provided   Demonstrates
extremely poor understanding of yield curve theory and what this can tell us about the market view of future interest rates, and/or extremely
poor levels of data selection and data presentation.   Demonstrates
poor understanding of yield curve theory and what this can tell us about the market view of future interest rates, and/or poor data selection and data presentation.   Demonstrates
little understanding of yield curve theory and what this can tell us about the market view of future interest rates, and/or unsatisfactory levels of data selection and data presentation.   Demonstrates
little understanding of yield curve theory and what this can tell us about the market view of future interest rates, and/or less than satisfactory levels of data selection and data presentation.   Demonstrates
adequate understanding of yield curve theory and what this can tell us about the market view of future interest rates but shows some critical evaluation and/or only satisfactory levels of data selection and data presentation.   Demonstrates
a sound grasp of yield curve theory and what this can tell us about the market view of future interest rates. Demonstrates some critical evaluation combined with good levels of data selection and data presentation.   Demonstrates
significant understanding of yield curve theory and what this can tell us about the market view of future interest rates. Demonstrates structured critical evaluation using well selected data and data presentation   Demonstrates
a real depth of understanding of yield curve theory and what this can tell us about the market view of future interest rates. Demonstrates structured critical evaluation using critically selected data and data presentation.   Demonstrates
significant depth of understanding of yield curve theory and what this can tell us about the market view of future interest rates. Demonstrates structured critical evaluation using critically selected data and data presentation.
Specific
Comments for Question 1

0 – 9
Fail
10 – 19
Fail
20 – 29
Fail
30 – 39
Fail
40 – 49
Fail
50 – 59
Pass
60 – 69
Commendation
70 – 79
Distinction
80 – 89
Distinction
90 – 100
Distinction
Question 2   No real
attempt provided   Demonstrates
extremely poor understanding of the relationship between the money supply and inflation, and little/no data analysis.   Demonstrates
poor understanding of the relationship between the money supply and inflation, and little/no data analysis.   Demonstrates
little understanding of the relationship between the money supply and inflation, and little data analysis.   Demonstrates
some understanding of the relationship between the money supply and inflation, and little data analysis.   Demonstrates
adequate understanding of the relationship between the money supply and inflation, supported by some data analysis and critical evaluation.   Demonstrates
a sound grasp of the relationship between the money supply and inflation supported by some data analysis and critical evaluation combined with examples and illustrations.   Demonstrates
analysis and understanding of the relationship between the money supply and inflation supported by good levels of data analysis, critical evaluation, examples and illustrations.   Demonstrates
high levels of analysis and understanding of the relationship between the money supply and inflation supported by good levels of data analysis, critical evaluation, examples and illustrations.   Demonstrates
significant analysis and depth of understanding of the relationship between the money supply and inflation supported by good levels of data analysis, critical evaluation, examples and illustrations.
Specific
Comments for Question 2

Page 7 of 8

0 – 9
Fail
10 – 19
Fail
20 – 29
Fail
30 – 39
Fail
40 – 49
Fail
50 – 59
Pass
60 – 69
Commendation
70 – 79
Distinction
80 – 89
Distinction
90 – 100
Distinction
Question 3   No real
attempt provided   Demonstrates
extremely poor understanding of the
dividend growth model and its effectiveness as a tool for forecasting share performance. Demonstrates little/no data analysis.   Demonstrates
poor understanding of the
dividend growth model and its effectiveness as a tool for forecasting share performance. Demonstrates little/no data analysis.   Demonstrates
little understanding of the
dividend growth model and its effectiveness as a tool for forecasting share performance. Demonstrates little data analysis.   Demonstrates
some understanding of the
dividend growth model and its effectiveness as a tool for forecasting share performance. Demonstrates some data analysis.   Displays
adequate, appreciation of the dividend growth model and its effectiveness as a tool for forecasting share performance.
Demonstrates some data analysis and
critical
evaluation.   Demonstrates
a sound grasp of the dividend growth model and its effectiveness as a tool for forecasting share performance, supported by some data analysis and use of examples and illustrations.   Displays
critical understanding of the
dividend growth model and its effectiveness as a tool for forecasting share performance, supported by good levels of data analysis, critical evaluation, examples and illustrations.   Displays
critical understanding of the
dividend growth model and its effectiveness as a tool for forecasting share performance, supported by very good levels of data analysis, critical evaluation, examples and illustrations.   Displays
critical depth and understanding of the
dividend growth model and its effectiveness as a tool for forecasting share performance, supported by excellent levels of data analysis, critical evaluation, examples and illustrations.
Specific
Comments for Question 3

FPC and yield curve of UK, USA & JAPAN’s government bonds

Order 100% Plagiarism Free essay on FPC and yield curve of UK, USA & JAPAN’s government bonds

Note: For those assessments or partial assessments based on calculation, multiple choice etc. Marks will be gained on an accumulative basis. In these cases, marks allocated to each section will be made clear.

Students must retain an electronic copy of this assignment and it must be made available within 24 hours of them requesting it be submitted.

By admin in Essays on May 4, 2017

FPC and yield curve of UK, USA & JAPAN’s government bonds