Until last year, its central bank fixed the domestic price of gold.
Chinese often invest in real estate because of low yields on fixed income at the bank.
In recent days, Iceland has taken over the country's second-biggest bank, fixed the exchange rate of its plummeting currency, and asked Russia for a euro4 billion loan as it scrambled to stop the collapse of its economy.
Having jumped up the European league tables in fixed income, the investment bank is now expanding in equities and in Asia.
These hedges effectively convert these variable rate bank loans into fixed rate loans, better matching the interest expense from the loans to the income from the landfill gas projects they finance.
Not only does a fixed rate prevent a central bank from using interest rates to prevent an economy from overheating (because higher interest rates would push up the value of the currency), but it also encourages too much foreign-currency borrowing when foreign interest rates are lower than local ones.
Get yields of 8% to 15% in fixed-income securities, including bank convertibles and preferred stock.
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Special Offer: Get yields of 8% to 15% in fixed-income securities, including bank convertibles and preferred stock.
Get yields of 8% to 15% on top of huge capital gains in fixed-income securities, including bank preferreds.
Special Offer: Get yields of 8% to 15% in fixed-income securities, including bank convertibles, Canadian trusts and preferreds.
Special Offer: Get yields of 8% to 15% in fixed-income securities, including bank convertibles, Canadian trusts and preferred stock.
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Special Offer: Get yields of 8% to 15% on top of huge capital gains in fixed-income securities, including bank preferreds.
An Islamic bank cannot offer a fixed interest rate to those who trust their savings to it for safekeeping, but it can give them a gift that acknowledges the time value of money in appreciation for the use of funds by the bank.
But with the Bank rate unlikely or unable to fall further, new home loan demand is shifting back to fixed-rate deals, rather than mortgages which track the Bank rate.
The problems are especially acute in the fixed-income department of the investment bank, where debt products are issued and traded.
Since it moved to unlimited fixed-rate funding, the central bank has been content to allow the overnight rate to drift much lower than the policy rate.
JPMorgan Chase, Citigroup and Bank of America struggled with fixed-income trading, especially in interest rate positions, while Goldman Sachs, Lehman Brothers and Morgan Stanley recorded record gains, largely on interest rate bets.
When a credit card users make a purchase using his or her card, the merchant is charged a transaction fee by its bank that typically includes a fixed charge plus a percentage of the amount charged.
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The currency board will come to look like a central bank with a commitment to a fixed exchange rate.
This promise can be verified every minute of the day by observing the current rate of exchange between the dollar and gold, and, under a classical gold standard, by exchanging currency at a national bank for gold coins of a fixed weight and purity.
Citi and Bank of America reported similar weakness in fixed-income markets activity, with fixed-income markets revenue down 9% and 6%, respectively.
We looked back over the period stretching from January 1, 1997 to February 29, 2012 to see how movements of stocks, Treasuries and lower-grade fixed income investments like high-yield bonds and bank loans, related to each other.
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Fixed-income strategists noted with alarm the string of bank failures and near-failures in the last three weeks, including Wachovia 's regulator-assisted takeover by Citigroup on Monday.
In addition to limits on ATM withdrawals, the measures allow authorities to restrict noncash transactions, freeze check cashing, limit withdrawals from bank accounts and even convert checking accounts into fixed-term deposits.
And now, just ten months after exchange rates were fixed and monetary policy was handed to the European Central Bank, is far too soon to pass judgment on the scheme, for good or ill.
Some leaders have urged the meeting to begin the process of launching a new global agreement to stimulate prosperity, similar to the Bretton Woods agreement in 1944 that created the post-war system of fixed exchange rates and established the IMF and the World Bank.
But perhaps more germanely, the UK's economic malaise shows no signs of being fixed any time soon by the supposed experts in the Bank of England or Treasury, so there may be a case for looking elsewhere for wisdom - and it is no longer eccentric to argue that what went wrong in the financial system was as much ethical as technical.
Among the patients arriving on the river bank to have their cataracts removed and their hernias fixed at the new hospital is a pregnant woman who is bleeding alarmingly.
This shall contribute to a rise in Equity and Fixed Income Markets at the expense of decline in the proportion of Bank Credit in the total Debt Markets in the economies.
India is in "a sweet spot right now, " given where the yields are in the rest of the region and the flexibility the central bank has to cut, said Thomas Kemmsies, head of fixed income at Nomura Asset Management Deutschland KAG in Frankfurt.
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