Contents West Texas Intermediate (WTI) Understanding West Texas Intermediate (WTI)  Pricing of WTI  West Texas Intermediate as…

Contents Highlights of Backwardation  Causes of Backwardation Advantages of Backwardation  Disadvantages of Backwardation Backwardation vs. Contango  Backwardation…

Contents Backwardation Understanding Backwardation Futures Basics  Backwardation Backwardation is when the current price, or spot price, of…

Contents Spot Price Basics of Spot Price  Relationship Between Spot Prices and Futures Prices Examples of Spot…

Contents Summary Supply and demand  Attitude to risk  Volatility Available information  Market Mechanisms  Summary Several factors determine…

Contents Summary Price Discovery Understanding Price Discovery  Price Discovery as a Process Price Discovery vs. Valuation Summary…

Contents Summary Foreign Exchange Reserves Working process of Foreign Exchange Reserves Illustration of Foreign Exchange Reserves  Summary…

Contents Capital Appreciation Understanding Capital Appreciation  Causes of Capital Appreciation Investing for Capital Appreciation Capital Appreciation Bond …

Contents Benefits of Fixed-Income Securities  Risk of Fixed-Income Securities Benefits of Fixed-Income Securities  Fixed-income securities give steady…

Contents Fixed-Income Security Fundamentals of Fixed-Income Securities Credit Standing Fixed Income Securities Types of Fixed-Income Securities  Fixed-Income…