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Data Update 6 for 2025: From Macro to Micro - The Hurdle Rate Question!

Musings on Markets

In the first five posts, I have looked at the macro numbers that drive global markets, from interest rates to risk premiums, but it is not my preferred habitat. A few years ago, I wrote a paper for practitioners on the cost of capital , where I described the cost of capital as the Swiss Army knife of finance, because of its many uses.

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Corporate Treasurers Proceeding With Caution

Global Finance

Corporate treasury professionals are reassessing investment strategies to stay agile and conserve cash amid interest rate shifts and geopolitical uncertainty. A sense of nervousness amid ongoing global disruption pervades strategic thinking across global treasury functions.

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The Front Office, Middle Office, and Back Office: How Banks Organize Their Dungeons

Brian DeChesare

Middle Office: In these roles, you “support” the front office with tasks such as managing the market risk on trades, managing liquidity for the bank’s operations (treasury), and determining the credit risk of counterparties in trades. Examples include strategy , corporate development , and economist roles at banks.

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Best Financial Innovations 2024

Global Finance

Not only can market risk be better monitored, but market costs can be saved for participants: about $30 million so far, estimates CCDC. (CCDC), recently rolled out one of the world’s first public platforms for blockchain-based digital bond issuance.