第10讲_国际金融期货市场.pptxVIP

1 Chapter 10 Financial Futures Markets Financial Markets and Institutions, 7e, Jeff Madura Copyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved. 2 Chapter Outline Background on financial futures Interpreting financial futures tables Valuation of financial futures Explaining price movements of bond futures contracts Speculating with interest rate futures Closing out the futures position 3 Chapter Outline (cont’d) Hedging with interest rate futures Bond index futures Stock index futures Single stock futures Risk of trading futures contracts Regulation in th