short term interest rate contracts
yield = basis point ( 1 BP - $25 per contract)
long - yield falls
short - yield rises
Interest rate (+) = price (-) ==> short - yield rises
Interest rate (-) = price (+) ==> long - yield falls
eurodollar - euro account with dollar denominated acct
yield = 100 - price
yield = basis point ( 1 BP - $25 per contract)
long - yield falls
short - yield rises
Interest rate (+) = price (-) ==> short - yield rises
Interest rate (-) = price (+) ==> long - yield falls
eurodollar - euro account with dollar denominated acct
yield = 100 - price
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