A list of puns related to "Eurodollar"
Every 3 months one of these futures contracts expires, and the instruments used to build the curve are βrolledβ by three months (to include a #NEW, longer contract).
https://preview.redd.it/yxmiffazcmn71.jpg?width=1119&format=pjpg&auto=webp&s=fb17877571d0298cd7d87c676dc52dd3cb649c1a
These expiration dates are quite a βthingβ in #CREDIT DEFAULT SWAPS trading -SO MUCH that the dates themselves are part of the vernacular and commonly referred to as "IMM dates".
https://preview.redd.it/e5mvjydxcmn71.jpg?width=1201&format=pjpg&auto=webp&s=56ecf6e913eef847b403231af1e7974a4044bcba
IMM stands for International Monetary Market.
The 3rd Wednesday of each September is 1 of 2 semi-annual maturity dates for these Futures "Eurodollar" contracts; "The final date to which fixed and floating amounts accrue."
https://preview.redd.it/mwyw2850dmn71.jpg?width=1886&format=pjpg&auto=webp&s=6a5f9258c166c541c666f753d3101bb72434d19b
These derivatives have a Block Trade MINIMUM of 250 lots for Contracts with Remaining Tenor UP TO & INCLUDING 12 years, & 50 lots for Contracts with Remaining Tenor greater than 12 years.
https://preview.redd.it/a8fgyy02dmn71.jpg?width=653&format=pjpg&auto=webp&s=1a0c90bb5407703329fde18061da2b50db2f78f9
I've been following some stuff on twitter (I know, it's Twitter) and there's an MMT critic (think some of you have had conversations with him) who keeps mentioning the Eurodollar/Eurobanks and saying things like:
"Eurodollars, by definition, are USD-denominated bank deposits which are not subject to US banking regulations as they are issued by a non-US commercial bank, the non-US branch of a US commercial bank "
Is there a simple explanation of what these Eurodollars are and why they could be included in a critique of MMT?
Thanks.
[Banks outside US charter create and clear dollars all the time] (https://twitter.com/HenricCont/status/1469314699602894856)
[eurodollar banking is large, with intermediation offshore amounting to as much as a quarter or a third of global dollar intermediation] (https://twitter.com/HenricCont/status/1469321531637575690)
Jeff Snider makes a compelling argument for deflation surrounding Eurodollar futures curve. Does this board have any arguments against his? I may try to articulate Jeffβs view, but hoping this shitpost can generate good discussion.
Currently playin on 'very hard' so idk if this can effect bountys.
even 4 / 5 stars bounty are too cheap imo.
https://preview.redd.it/6c730r14p7g71.png?width=1920&format=png&auto=webp&s=ab018e24275561d1c8504ef7f08cbcf31acebbef
Hello all,
After trying to make enough eddies to get the AutoJock Trophy on PS4, I found out a way to make a lot of them rather quickly without using bugs or glitches... just in-game mechanics.
For this method you need:
If you have the above requirements follow these steps:
If at any time, the drop point runs out of money or the junk vendor runs out of materials, just skip time 24 hours and both will be replenished.
Hope this proves helpful to all of you :)
Took me until 50h into the game to realize Eddies was just slang for Eurodollars. That is all.
I'm wondering if anyone can help me make sense of the following statement:
For eurodollar futures:
Selling futures = Notional borrowing Buying futures = Notional lending
I'm good at making up logic in my head that fits the statements but I don't actually know if it's right, so if anyone could explain the above that would be great!
I am not a clever man.
Is there another sub we can actually post a picture and ask?
Because Aerondight is 52x the cost of a lifetime earnings
Hi, I've just started studying about Eurodollar system and I'm having some difficulties understanding the role of it in 2008 Global Financial Crisis. I'd really appreciate if anyone could help me out with this by sharing resources to study or just explaining straight away. π
Does hacking access points (antennas, servers, etc) do anything else other than giving V eurodollars and various components?
I wondered whether jacking/hacking into various systems actually does anything to the NPCs in the area or environment? I feel like it is such a wasted opportunity and it seems like an underdeveloped system. Am I missing something? Are there daemon perks that you can unlock to get different outcomes when hacking/jacking into computers and access points other than just getting more money and resources?
I asked this question on quant.stackexchange, but haven't received any answers yet... so was hoping to get some luck here.
As detailed in this section of the Wikipedia page on the Yield Curve, we can construct the yield curve from the money market as follows:
On the right-hand side of the page there is a table showing typical inputs to the money market curve:
Type | Settlement date | Rate (%) |
---|---|---|
Cash | Overnight rate | 5.58675 |
Cash | Tomorrow next rate | 5.59375 |
Cash | 1m | 5.625 |
Cash | 3m | 5.71875 |
Future | Dec-97 | 5.76 |
Future | Mar-98 | 5.77 |
Future | Jun-98 | 5.82 |
Future | Sep-98 | 5.88 |
Future | Dec-98 | 6.00 |
Swap | 2y | 6.01253 |
Swap | 3y | 6.10823 |
Swap | 4y | 6.16 |
Swap | 5y | 6.22 |
Swap | 7y | 6.32 |
Swap | 10y | 6.42 |
Swap | 15y | 6.56 |
Swap | 20y | 6.56 |
Swap | 30y | 6.56 |
There is a footnote stating the data is for lending in US dollar, taken from October 6, 1997.
Concentrating just on the midsection of the curve (the futures), I see in the contract specification for CME's Eurodollar futures that the underlying is the 3 month LIBOR rate.
So, at expiration, the Dec-97 future settles at the current 3 month LIBOR rate.
Does this, in effect, mean that the Dec-97 future gives us the Mar-98 point on the curve? (3 months after Dec-97)
In other words, if we look at the previous row in the table, which is the 3 month LIBOR rate (5.71875%), and given the data was taken on the 6th October 1997, this is the rate at 6th October + 3 months = 6th December 1997, whilst the Dec-97 future rate on the 6th October 1997 was 5.76%, which is the rate at settlement of the Dec-97 future (13th December 97), forward 3 months, because it's underlying is 3 month LIBOR, so ~13th March 1998.
Is that correct?
So for the money exploit, it's very simple. All you have to do is find any access point that you can breach protocol as well. Jack in, do the access point on whatever amount, and back out (without clicking exit, I'm not sure if it would work then). Then breach protocol on it, but don't actually do the hack. Back out of that as well, without hitting exit, and it should let you jack in again. Rinse and repeat as many times as needed.
The skirt is also very simple to find, but you're gonna have to do some parkour. Head to jig jig street. At the entrance, right behind the male joytoy, there's an alley with a dumpster that you need to climb on. From there, jump to the metal sheet sticking out of the wall, then to the sheet in front of that. You should be in front of a shack. Climb on top of it, then onto the fire escape. Take that to the top, climb the ladder, and you're done. Inside the shack on the roof is a legendary skirt and a few other things
I predict my 2 favorite "meme" stonks as the media likes to call them, will be on π₯ September 15 thru 17th, 2021.
Yes I'm aware 9/15/21 passed and the stock is up ~3%. GME was also visibly manipulated and shorted to high hell all day long, and still ended the day green.
9/15 AMC was down ~8 percent after heavy shorting all day AND STILL rebounded to about -0.5% loss for the day- which is basically ZERO change for #AMC; it was shorted HEAVILY throughout the day, likely through ETF's overseas, and the price was positively impacted by the vast # of futures contracts being rolled in the last 2 hours of the trading day.
FUTURES CONTRACTS
3 month Euro dollar contracts are used as the shortest maturity instruments on an Interest Rate Swap curve that references 3m Libor.
Every 3 months one of these futures contracts expires, and the instruments used to build the curve are βrolledβ by three months (to include a NEW, longer contract).
https://preview.redd.it/0krt61nxlsn71.jpg?width=1119&format=pjpg&auto=webp&s=536f0517cd02a90e00c73a7b6f3708d63b92bc43
These expiration dates are quite a βthingβ in CREDIT DEFAULT SWAPS trading
SO MUCH that the dates themselves are part of the vernacular and commonly referred to as "IMM dates". IMM stands for International Monetary Market.
https://preview.redd.it/euhgoq2zlsn71.jpg?width=1201&format=pjpg&auto=webp&s=e87ddd6ba8f84419d45b27fd84359adf795d3a72
https://preview.redd.it/45zuxq21msn71.jpg?width=653&format=pjpg&auto=webp&s=f40bed51d992159e3f431f3db097464ffea9f63d
These derivatives have a Block Trade MINIMUM of 250 lots for Contracts with Remaining Tenor UP TO & INCLUDING 12 years, & 50 lots for Contracts with Remaining Tenor greater than 12 years.
Futures Contracts are frequently rolled on the IMM dates, making them among the highest volume trading days of the year.
https://preview.redd.it/3i7icnz7msn71.jpg?width=1886&format=pjpg&auto=webp&s=6c1ed59ced0e63751c9661816d4cb69d0205c6be
Treasuries trade as 't+1', meaning that they settle one day after the day the price is s
... keep reading on reddit β‘Please note that this site uses cookies to personalise content and adverts, to provide social media features, and to analyse web traffic. Click here for more information.