Meaning of an expression

gopala12 · Jul 8, 2011

Sorry for bothering the experts, but I'm a translator and would like to understand the expression " moving from greens to whites" in the following sentence:

For the 1-2y to initiate the flattening, we need either a durable revision lower of the expected terminal rate or a shortening of the expected length of the hiking cycle (with typically the peak of the Euribor strip moving from greens to whites).

What does" moving from greens to whites" refer to / mean?

Thanks for your help

Rhody Trader · Jul 8, 2011

In short-term interest rate futures markets colors are used to refer to contract maturities a number of years into the future. I don't recall which color represents which year, but for example greens could be the contracts in the first year and whites the ones in the second year.

gopala12 · Jul 8, 2011

Rhody Trader said:
In short-term interest rate futures markets colors are used to refer to contract maturities a number of years into the future. I don't recall which color represents which year, but for example greens could be the contracts in the first year and whites the ones in the second year.

Thanks ever so much, John!

Martinghoul · Jul 8, 2011

In the world of STIRs, the strip is as follows:
1st - 4th are Whites
5th - 8th are Reds
9th - 12th are Greens
13th - 16th are Blues
17th - 20th are Golds
Followed by Purples, Oranges, Pinks, Silvers and Coppers (not that anyone cares).

They're just saying in which area of the strip the peak occurs.

gopala12 · Jul 8, 2011

Thank you 'Martinghoul'!

Bint_Crusher · Jul 9, 2011

This is almost as bad as Freddie , Cable, Loony, Handles and Cars.

gopala12 · Jul 9, 2011

...and what are those, if i may ask
(forgive my bottomless ignorance

Bint_Crusher · Jul 9, 2011

well some people call the EurUsd fx pair the "Freddie"
Wonder of any others out there know the rest.

Martinghoul · Jul 9, 2011

Cable - GBPUSD
Loonie -CAD
Handle - the bit of the price that normally gets dropped. People say something is trading at 70, when its actual price is, say, 99.70. In this case, 99 is the "handle"
Car - not 100% sure, but isn't that like another name for a lot of SPY or smth like that

DashRiprock · Jul 9, 2011

a car is a futures contract. its from lumber i think when each future was for a train car's (like a carriage) of wood.

Pazienza · Jul 9, 2011

DashRiprock said:
a car is a futures contract. its from lumber i think when each future was for a train car's (like a carriage) of wood.

Interesting, I knew what it meant but didn't know the etymology. Cheers bud.

I guess loonie comes from the coin with the loon bird on the back?

DashRiprock · Jul 10, 2011

Pazienza said:
Interesting, I knew what it meant but didn't know the etymology. Cheers bud.

I guess loonie comes from the coin with the loon bird on the back?

nope, its because I invented Canada.

counter_violent · Jul 10, 2011

gopala12 said:
Sorry for bothering the experts, but I'm a translator and would like to understand the expression " moving from greens to whites" in the following sentence:

For the 1-2y to initiate the flattening, we need either a durable revision lower of the expected terminal rate or a shortening of the expected length of the hiking cycle (with typically the peak of the Euribor strip moving from greens to whites).

What does" moving from greens to whites" refer to / mean?

Thanks for your help

Normally I would charge you a "monkey" for this information but it's tripple discount day. I will not charge a "ton" nor a "pony", how about a "pearl diver" ?

Sang Froid · Jul 10, 2011

counter_violent said:
Normally I would charge you a "monkey" for this information but it's tripple discount day. I will not charge a "ton" nor a "pony", how about a "pearl diver" ?

Tell you what me ol' china, chuck us an Ayrton Senna out yer sky rocket and we'll hear no more abaaart it.

gopala12 · Jul 11, 2011

I've written down every one of those terms
Thanks to all - you're a fun bunch
All the best

Pazienza · Jul 11, 2011

gopala12 said:
I've written down every one of those terms
Thanks to all - you're a fun bunch
All the best

Cable comes from the first transatlantic cable laid between US and UK. Anyone got any more?

Bint_Crusher · Jul 12, 2011

Pazienza said:
Cable comes from the first transatlantic cable laid between US and UK. Anyone got any more?

WOW Feckin learn something new every day. I never knew fx was being traded back in 1880 or whenever that cable was laid.

:smart::smart::smart:

DashRiprock · Jul 12, 2011

I once herd someone call dollar swissy "fibre" which i though was good cos I shat myslef larfin.

DashRiprock · Jul 12, 2011

honest when it gets to names like that I rekon "av u got no trading 2 be doin"?

like I can make up sayings like....

"Oi Jaffa gimme 2 way in arf a yard o' betty"

..or I can sweat like a turkish whore trying to get out of my nores at the half.

Bint_Crusher · Jul 12, 2011

Its like the chatup line "Id crawl over 15 miles of redhot broken glass to smell the exhaust fumes of the laundry van that took yer knickers away.:cheesy::cheesy::cheesy::cheesy:

:clap::clap::clap:

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Meaning of an expression

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