Backwardation of commodities hit the steepest level in nearly 15 years this week, driven by a worldwide shortage of raw materials. Massive stimulus, low-interest rates, and the light at the end of the ...
The CME bitcoin annualised basis has fallen to -2.35% its deepest backwardation since the extreme dislocations of the FTX collapse in November 2022, when the basis briefly approached -50%, according ...
Term structure, the forward curve, or time spreads are all synonymous and reflect the price differences for a commodity over time. In some commodities, seasonality causes prices to reach lows at ...
Markets have opened the week lower after health care bill pulled from floor. Spot-forward VIX in backwardation. An update on the VIX ETPs. Both domestically and internationally, markets (SPY) have ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The gold market has always been partial to “carry trades”. But in the post 2008 world the nature of the ...
OPEC aims to guide global oil prices, and the recent supply cuts to support oil prices post COVID is an example of this. One thing that hasn’t historically been a visible OPEC goal is aiming to ...
(Bloomberg) -- The rebound in S&P 500 Index futures from a 5 percent drop Monday could be seen as a sign that the stock market is still recovering from its wounds, but a closer look at the curve of ...
A development in the derivatives market for the VIX — an estimate of implied volatility of S&P 500 options commonly known as the "fear gauge" — suggests the sell-off that has gripped the stock market ...
The commodity futures curve has moved sharply over the past few months towards backwardation. This should increase the incentive for long side investors to park their funds in commodities and given ...
Backwardation indicates the futures curve is falling, with spot markets and short-term futures contracts priced higher than longer-dated contracts. Backwardation of commodities hit the steepest level ...
In the world of commodities, the differential between one delivery period and another for the same raw material can go by different names, but they all have the same meaning. Term structure, the ...