FadaBond.com
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bond -- bond
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Excerpted from the website:
- 1. When the bid price exceeds the offer price for a stock, the stock is in backwardation. For example, where the prices are 512 - 510. This means that the best price at which market makers will sell the stock is less than the best price at which they will buy the stock. This is unusual, since market makers will normally charge a spread, buying stocks for less than the price at which they will sell them. The reason is usually some market distortion, such as a share repurchase scheme by the company. When the price is backward, the touch strip on the SEAQ turns red. See also Choice Price and SEAQ. 2. In futures markets, when the future price is less than the cash price. See also Discount and Contango.
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