Interest - Sensitive Life Insurance Life insurance in which the cash values can be affected
by changes in interest rates.
The value of these securities may be significantly affected
by changes in interest rates, the market's perception of issuers, and the creditworthiness of the parties involved.
5 Bond Funds - Investors should be aware that the fund's yield and the value of its portfolio fluctuate and can be affected
by changes in interest rates, general market conditions and other political, social and economic developments.
For this reason, strip bonds also tend to be affected more
by changes in interest rates than regular bonds.
It's basic, but with interest rates at very historic lows, important to remember bond returns (other than interest payments) are primarily driven
by changes in interest rates.
Bonds and other debt obligations are affected
by changes in interest rates, inflation risk and the creditworthiness of their issuers.
6 Investors should be aware that the fund's yield and the value of its portfolio fluctuate and can be affected
by changes in interest rates, general market conditions and other political, social and economic developments.
The value of most bonds and bond strategies is impacted
by changes in interest rates.
A bond's market value may be affected significantly
by changes in interest rates — generally, when interest rates rise, the bond's market value declines and when interest rates decline, its market value rises («interest - rate risk»).
Even your investment in fixed income securities can be impacted
by changes in interest rates.
The price of a fund's shares and the cash flows you receive will depend on the bond market's fluctuations — which are influenced
by changes in interest rates — and, of course, the manager's skill.
The Option - Adjusted Duration (OAD) calculation is used to determine how much each position's value may be impacted
by a change in interest rates.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected
in such forward - looking statements and that should be considered
in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases
in the build
rates of certain aircraft; 6) the effect on aircraft demand and build
rates of
changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest
in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions
in the industries and markets
in which we operate
in the U.S. and globally and any
changes therein, including fluctuations
in foreign currency exchange
rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain
in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment
by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders
by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount
rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both
in the U.S. and abroad; 20) the effect of
changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and
changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such
changes; 21) any reduction
in our credit
ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending
by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of
interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher
interest payments should
interest rates increase substantially; 27) the effectiveness of any
interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco
in a timely matter while avoiding any unexpected costs, charges, expenses, adverse
changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations
in foreign current exchange
rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
The latest
change in tone may also reflect an additional concern - that low
interest rates are fostering financial instability
by promoting bubbles
in asset prices and stimulating excessive credit creation.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions
in the industries and markets
in which United Technologies and Rockwell Collins operate
in the U.S. and globally and any
changes therein, including financial market conditions, fluctuations
in commodity prices,
interest rates and foreign currency exchange
rates, levels of end market demand
in construction and
in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges
in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred
by United Technologies
in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including
in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including
in connection with the proposed acquisition of Rockwell; (7) delays and disruption
in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational
changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of
changes in political conditions
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate, including the effect of
changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange
rates in the near term and beyond; (16) the effect of
changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations
in the U.S. and other countries
in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result
in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including
in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted
in their operation of their businesses while the merger agreement is
in effect; (21) risks relating to the value of the United Technologies» shares to be issued
in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered
by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
Actual results could differ materially from those expressed
in or implied
by the forward - looking statements contained
in this release because of a variety of factors, including conditions to, or
changes in the timing of, proposed real estate and other transactions, prevailing
interest rates and non-recurring charges, store closings, competitive pressures from specialty stores, general merchandise stores, off - price and discount stores, manufacturers» outlets, the Internet, mail - order catalogs and television shopping and general consumer spending levels, including the impact of the availability and level of consumer debt, the effect of weather and other factors identified
in documents filed
by the company with the Securities and Exchange Commission.
The reason fairness would require that this ratio be equal to one is that, as argued
by the Italian economist Luigi Pasinetti
in his 1981 book, Structural
Change and Economic Growth: A Theoretical Essay on the Dynamics of the Wealth of Nations, a fair
interest rate is such that the purchasing power of one hour of labour stays constant through time even when its monetary equivalent is lent or borrowed.
After all, when a central bank influences the cost of financing through
changes in the policy
interest rate, its actions affect the economy
by changing asset prices, encouraging or discouraging risk taking, and influencing credit flows.
Indeed,
in a classic paper written
in the early 1960s, Mundell (Mundell, 1963) showed how,
in a world of complete asset substitutability and perfect capital mobility, real
interest rates would be largely determined
by international market forces with the exchange
rate moving
in response to
changes in domestic monetary policy to provide most of the desired accommodation or tightening.
The Federal Reserve has lowered short - term
interest rates by 100 basis points
in a month — an action they describe as a «rapid and forceful response» of monetary policy both to the
changing circumstances and the
changing behaviour of the US economy.
So here's the thumb rule: For every 1 %
change in interest rates, the price of the bond will decline
by (approximately) its duration,
in percent.
In general, changes in valuation are driven by shifts in k: changes in interest rates (Rf) drive longer - term trends in valuation multiples, while shocks to valuation multiples are almost always driven by shifts in the risk premium z
In general,
changes in valuation are driven by shifts in k: changes in interest rates (Rf) drive longer - term trends in valuation multiples, while shocks to valuation multiples are almost always driven by shifts in the risk premium z
in valuation are driven
by shifts
in k: changes in interest rates (Rf) drive longer - term trends in valuation multiples, while shocks to valuation multiples are almost always driven by shifts in the risk premium z
in k:
changes in interest rates (Rf) drive longer - term trends in valuation multiples, while shocks to valuation multiples are almost always driven by shifts in the risk premium z
in interest rates (Rf) drive longer - term trends
in valuation multiples, while shocks to valuation multiples are almost always driven by shifts in the risk premium z
in valuation multiples, while shocks to valuation multiples are almost always driven
by shifts
in the risk premium z
in the risk premium z.]
Commodity prices may be affected
by a variety of factors at any time, including but not limited to, (i)
changes in supply and demand relationships, (ii) governmental programs and policies, (iii) national and international political and economic events, war and terrorist events, (iv)
changes in interest and exchange
rates, (v) trading activities
in commodities and related contracts, (vi) pestilence, technological
change and weather, and (vii) the price volatility of a commodity.
Performance of companies
in the financials sector may be adversely impacted
by many factors, including, among others, government regulations, economic conditions, credit
rating downgrades,
changes in interest rates, and decreased liquidity
in credit markets.
This was because banks could now counter a
change in the reserve ratio
by adjusting their deposit
interest rates to compete more aggressively for funds.
While CBO projects higher projections for wages and taxable corporate profits will boost revenues
by about $ 195 billion over the next decade, it also expects
changes in interest rates and inflation will increase spending
by $ 302 billion over the same period.
In its most aggressive stance (a duration of 15 years), the Fund's net asset value could be expected to fluctuate by approximately 15 % in response to a 1 % (100 basis point) change in the general level of interest rate
In its most aggressive stance (a duration of 15 years), the Fund's net asset value could be expected to fluctuate
by approximately 15 %
in response to a 1 % (100 basis point) change in the general level of interest rate
in response to a 1 % (100 basis point)
change in the general level of interest rate
in the general level of
interest rates.
This was largely driven
by an increase
in workers» compensation expense of $ 1.4 billion, resulting from
changes in interest rates.
«The sharp move
in interest rates has been accompanied
by an increase
in volatility, pockets of liquidity dislocations, and unstable and
changing correlations.»
These risks and uncertainties include food safety and food - borne illness concerns; litigation; unfavorable publicity; federal, state and local regulation of our business including health care reform, labor and insurance costs; technology failures; failure to execute a business continuity plan following a disaster; health concerns including virus outbreaks; the intensely competitive nature of the restaurant industry; factors impacting our ability to drive sales growth; the impact of indebtedness we incurred
in the RARE acquisition; our plans to expand our newer brands like Bahama Breeze and Seasons 52; our ability to successfully integrate Eddie V's restaurant operations; a lack of suitable new restaurant locations; higher - than - anticipated costs to open, close or remodel restaurants; increased advertising and marketing costs; a failure to develop and recruit effective leaders; the price and availability of key food products and utilities; shortages or interruptions
in the delivery of food and other products; volatility
in the market value of derivatives; general macroeconomic factors, including unemployment and
interest rates; disruptions
in the financial markets; risk of doing business with franchisees and vendors
in foreign markets; failure to protect our service marks or other intellectual property; a possible impairment
in the carrying value of our goodwill or other intangible assets; a failure of our internal controls over financial reporting or
changes in accounting standards; and other factors and uncertainties discussed from time to time
in reports filed
by Darden with the Securities and Exchange Commission.
The Company may enter into fair value hedges, such as
interest rate swaps, to reduce the exposure of its debt portfolio to
changes in fair value resulting from
changes in interest rates by achieving a primarily U.S. dollar LIBOR - based floating
interest expense.
In October 2013, Desert Newco increased the size of the term loan
by $ 100 million with no
change to the applicable
interest rates.
Unfortunately, since it is difficult to accurately forecast future
interest rates and all the other factors that are
changing simultaneously
in financial markets, this algorithm
by itself will not make you instantly rich.
When
interest rates change, a bond's price will
change in the opposite direction of
rates by a corresponding amount.
The main factor influencing financial markets
in recent months has been
changing assessments of the timing of the first
interest rate increase
by the US Fed.
Inflation is also influenced
by the effect that
changes in interest rates have on imported goods prices, via the exchange
rate, and through their effect on inflation expectations more generally
in the economy.
«China has paved the way for a further weakening of its currency
by announcing
changes in how it measures the value of the renminbi, raising investors» alarm at the prospect a new currency war just as the US prepares to raise
interest rates» (FT, 12/12/15).
These positive earnings drivers were more than offset
by the combined impact of several factors, including increased energy - related provisions for credit losses, a 17 basis point decline
in net
interest margin, moderate growth of non-
interest expenses, the addition of acquisition - related contingent consideration fair value
changes reflecting performance within CWB Maxium Financial (CWB Maxium), higher preferred share dividends, and the 20 % increase to CWB's income tax
rate in Alberta.
While such a
rate of expansion will clearly not be sustainable
in the longer run, there is little sign at this stage that the appetite for borrowing has been restrained
by the recent increases
in interest rates, even though the higher debt burden of households might be expected to make them more responsive to
interest rate changes.
Since
changes in interest rates will have the most impact on CDs with longer maturities, shorter - term CDs are generally less impacted
by interest rate movements.
Measured across all loan products, and taking into account
changes in customer risk margins, however, it seems that
interest rates paid on average
by small businesses have increased
by a little less than the rise
in interest rates directly due to the tightening of monetary policy.
These
changes are not significantly affected
by economic developments, with the exception of
changes in the
interest rate forecast on federal employees» future benefits, such as pensions, death benefits, etc..
Select from 1, 3, 5, 7, or 10 year periods during which the
interest rate remains unchanged, followed
by 1 - year periods
in which the
interest rate may increase or decrease on an annual basis resulting
in a
change in your monthly payment amount
The consumer discretionary industries can be significantly affected
by the performance of the overall economy,
interest rates, competition, consumer confidence and spending, and
changes in demographics and consumer tastes.
While equity market movements are driven largely
by the strength of economic growth, fixed income markets hinge on
changes in interest rates and inflation.
I'm always dismayed, for example,
by how confidently analyts and economists talk about the relationship between monetary policy and economic outcomes, when the fact is that the level of
interest rates,
changes in interest rates, and
changes in the monetary base provide very little additional forecasting power for GDP, over and above forecasts based on lagged
changes in GDP itself.
Such
changes usually affect securities inversely and can be reduced
by diversifying (investing
in fixed - income securities with different durations) or hedging (e.g. through an
interest rate swap).
Investments
in commodities may be affected
by changes in overall market movements, commodity index volatility,
changes in interest rates or factors affecting a particular industry or commodity.
When the Fed decides to
change course
by nudging the fed funds
rate higher, it is possible that
interest rates in general will rise, and / or that the yield curve may flatten out.
Some of the risks of investing
in real estate include
changing laws, including environmental laws; floods, fires, and other Acts of God, some of which can be uninsurable;
changes in national or local economic conditions;
changes in government policies, including
changes in interest rates established
by the Federal Reserve; and international crises.