Musings on Markets

JANUARY 10, 2025

For the segment of my data that is macroeconomic, my primary source is FRED, the data set maintained by the Federal Reserve Bank , but I supplement with other data that I found online, including NAIC for bond spread data and Political Risk Services (PRS) for country risk scores. Beta & Risk 1. Return on Equity 1. Debt Details 1.

Risk Premium 121

Risk Premium Dividends Start-ups Corporate Finance 121

Musings on Markets

FEBRUARY 8, 2025

The first is, of course, the riskfree rate , a number that varies across time (as you saw in post on US treasury rates in data update 4 ) and across currencies (in my post on currencies in data update 5). I am not a purist on this measure, and while I use betas in my computations, I am open to using alternate measures of relative equity risk.

Risk Premium 74

Risk Premium Beta Start-ups Equity 74

Musings on Markets

JULY 13, 2022

In my last post, I noted that concerns about inflation have played a big role in pushing up the US ten-year treasury bond rate from 1.51% on Jan 1, 2022, to 3.02% on June 30, 2022. That increase in interest rates is not restricted to the US dollar, as local currency government bond rates have risen around the world.

Risk Premium 103

Risk Premium Risk-free Rate Start-ups Equity 103

Brian DeChesare

NOVEMBER 9, 2022

People usually start this discussion by comparing S&T exits to investment banking exit opportunities and saying that S&T exit options are “worse.”. Traditional investment banking exit opportunities such as private equity , venture capital , and corporate development are highly unlikely , with a few exceptions for certain desks.

Banking 93

Banking Equity Start-ups Marketability 93

Reynolds Holding

JANUARY 6, 2025

The latest taxonomy was developed through a collaboration between the Peoples Bank of China (PBOC), the Monetary Authority of Singapore (MAS), and the European Union Directorate-General of the European Commission for Financial Stability, Financial Services, and Capital Markets Union (DG FISMA).

Treasury 45

Treasury Finance Banking Marketability 45

Equidam

APRIL 22, 2025

10] , [23] , [2] Discount Rate: The rate used to discount future cash flows is typically the cost of equity, calculated via the Capital Asset Pricing Model (CAPM): Cost of Equity = Risk-Free Rate + Beta * Market Risk Premium. [23] 10-year Treasury or German Bund), which fluctuate based on central bank policies and inflation expectations. [23]

Discounted Cash Flow 64

Discounted Cash Flow Terminal Value Marketability EBITDA 64