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4 votes

Why don't we transact with securities rather than fiat money?

You've just reinvented bearer bonds. From that page: Bearer bonds are bonds that are owned by whoever is holding them, rather than having registered owners like most other securities. Like most ...
410 gone's user avatar
  • 8,168
3 votes
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What makes a shareholder a "shareholder of record"?

I typed "shareholders of record" into Google, and I got Stockholder of Record Also known as shareholder of record, record holder or owner, or registered holder, or owner. The stockholder ...
Giskard's user avatar
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3 votes
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Negative real rates on yield curve

Investors are not paying to hold Treasury bonds (yet), nominal yields are still positive (but that could change...). All that is happening is that inflation-protected securities are guaranteeing a ...
Brian Romanchuk's user avatar
2 votes
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Why the treasury is buying back its treasury securities during the coronavirus economic crisis?

The following link was provided: Link to Moroccan news article, in French My French is somewhat rusty, and I am completely unfamiliar with the structure of the Moroccan financial system. But I think ...
Brian Romanchuk's user avatar
2 votes
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What happens to an MBS if all the underlying mortgages are fully paid back by the borrowers much before the maturity date?

Depends on the structure. In the US, most residential MBS are pass-through, so the MBS is prepaid. In Canada, MBS are (or at least were) mostly packaged into non-passthrough structures, so MBS cash ...
Brian Romanchuk's user avatar
2 votes

Can a position at a hedge fund be securitized?

Actual securitization would be impractical for a number of reasons, but secondary market transactions of shares in hedge funds do occur with the consent of the funds in question (though it’s not a ...
dismalscience's user avatar
2 votes
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Maturing US Treasury Securities: value from TreasuryDirect vs New York Fed SOMA Holdings

Yes the SOMA value is the one to use. The Treasury Direct somaAccepted value is the amount the SOMA took when the auction of that treasury occurred but does not reflect any purchases the FED may have ...
John Comiskey's user avatar
2 votes

How do I find out how much in US treasury securities the Fed purchased in a given month?

Using the TreasuryDirect REST API Example using Windows PowerShell. Open a PowerShell console. Run the following, adjusting the dates for your needs. Here I'll select all of May: ...
dharmatech's user avatar
1 vote

How do I find out how much in US treasury securities the Fed purchased in a given month?

Using the Auction Query page Go to the 'Auction Query' page: https://www.treasurydirect.gov/instit/annceresult/annceresult_query.htm Specify the 'Auction Date' range: Click ...
dharmatech's user avatar
1 vote

The Fed's repo amount and TGCR shows positive pearson correlation. How so?

You need to understand the context. In the fall of 2019, the TGCR began moving upwards, because the banking system became short of reserves as the Federal Reserve was conducting Quantitative ...
dm63's user avatar
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1 vote

If repo period is just one day, how do banks arrange the cash to repurchase the securities from the Central Bank?

Repo Operations of United States Federal Reserve https://www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements Repos are a common secured ...
SystemTheory's user avatar
1 vote
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Form of security with a potentially infinite amount of equity for a continous payout for game?

One "natural" approach would be to base the price on the expected discounted revenue stream. Writing $R_t$ as the (random) revenue in period $t$ of one share, this then would be: $$ p_t = \...
tdm's user avatar
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1 vote
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Why don't we transact with securities rather than fiat money?

@EnergyNumbers aptly points out that Bearer bonds do exist and act in some way as a currency like you are describing. This does not answer the question of why aren't bearer bonds used instead of fiat ...
TheSaint321's user avatar

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