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POPSBond Futures : Interest Rate Futures : by BondFuturesTrading.com Everything you ever wanted to know about CBOT interest rate futures markets. Treasury bond futures contracts are an important part of learning how to trade futures and have their own interest rate fundamentals and are important to people who are interested in how interest rate hedging and government bond futures work.
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POPSSheer unmitigated fear
Je0fN01 "It is sheer unmitigated fear: even institutions are looking for mattresses to put their money until the end of the year," (Marc Ostwald bond expert at Insinger de Beaufort). The market has moved into "backwardation" for the first time, meaning that futures contracts are now priced more cheaply than actual bullion prices. It appears that hedge funds in distress are being forced to cash in profits on gold futures to cover losses elsewhere or to meet redemptions by clients. But smaller retail investors – and perhaps some big players – are buying bullion in record volumes to store in vaults. latest data from World Gold Council shows demand for coins, bars, and ETFs doubled in third quarter to 382 tonnes = entire set of gold auctions by the Bank of England 1999 - 2002. stimulus by the US Fed and banks starting to have unintended consequences. The Bank of Japan reluctant to cut rates to zero again because of damage to money markets, US starting to face same dilemma.
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POPS High Drama & High Finance Not only has Ferguson been described as 'the most brilliant historian of his generation' by The Times, he's been rated as 'one of the world's 100 most influential people' by Time magazine. From the first coins of ancient Mesopotamia to the rise of China and the credit crunch, via the Medicis of Renaissance Italy, the Scottish clergymen who created the first insurance company and the dynasty started by the first Nathan Rothschild, Ferguson provides a clear and masterful financial history of the world. He shows, for example, how the high-financial scam of a Scottish murderer resulted in the French Revolution, how the bond market settled the outcome of the American Civil War, and, chillingly, how a previous era of globalisation and prosperity was ended almost overnight by the surprise catastrophe of World War I.
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