Contango
Super backwardation trips up commodity carry trade
Wrong type of curve derails quants’ commodity carry trade for worst spell in decades
Fed rates rise: how much, not how long, is the question
An even harder question to answer is when, once started, will the Fed stop?
EU ETS faces back-loading test
A critical condition
Quant Congress USA: Avoid synthetic ETFs, says Avellaneda
Leveraged and inverse ETFs and ETNs criticised by New York University mathematics professor
Second generation volatility ETPs not hamstrung by contango
Second generation volatility products are a much better investment than their previous iteration, according to one hedge fund manager – but buyers previously burnt by this asset class may be tough to convince
Institutional investors to favour more active, smart beta approach to commodities
Seeking performance while at the same time increasingly needing to control risk makes smart beta thematic index approaches such as low volatility, minimum variance and risk-weighted strategies increasingly appealing to institutional investors allocating…
Outlook for UK natural gas
Where to next for the UK nat gas curve?
Energy experts debate merits of speculators and position limits
CFTC and Goldman Sachs executives discuss role of speculators in commodities markets during times of volatility
Dow Jones adds contango-reducing strategy to its index suite
Dow Jones adds contango-reducing strategy to its index suite
ETFs linked to agricultural commodities surge as supply tightens
Exchange-traded funds linked to some agricultural commodities such as wheat have seen the strongest investment inflows over the first part of the year, with soft commodities presenting low or stretched inventory levels leading the trend
Risk managers seek understanding of structured products investor trends
On the trail of commodities
Volatility products hit by negative roll yield
Getting a grip on volatility
The rise and fall of commodities
The rise and fall of commodities
Low natural gas prices push producers to oil
US producers move to oil plays, 2011 natural gas hedging programmes not expected to support current production levels
Europe jet fuel price recovering as flights resume after volcanic ash ban
The Europe-wide flight ban resulting from volcanic ash clouds has cost the jet fuel market 500,000 tonnes-worth of demand this month, with logistical congestion expected to remain until the end of the week.
Mixed views on return to backwardated oil market
A tightening of the long-running contango in WTI crude oil prices has sparked debate about whether the futures price curve could soon swing into backwardation. Pauline McCallion reports
Commodity rankings 2010: Metals
HSBC topped the precious metals categories of this year’s commodity rankings, swapping places with runner-up and last year’s winner UBS in a gold-dominated 12 months. Société Générale maintained its dominance in base metals, while Goldman Sachs climbed…
Backwardation and contango change indicators for seasonal commodities
In the first part of this two-part article, Svetlana Borovkova introduced two indicators for detecting changes between backwardation and contango market states. Here, in the second part, she applies the indicators to seasonal commodities and introduces a…
Detecting market transitions: from backwardation to contango and back
Svetlana Borovkova looks at detecting market transitions between backwardation and contango states using the forward curve. In this first part of a two-part article, she introduces two change indicators, which she applies to oil futures prices. Next…
US energy prices: in line for a fall?
A combination of concerns in the second half of January 2003 has boosted US oil and natural gas prices to levels not seen since the winter of 2000/2001. Will the higher prices stick? Logical Information Machines examines cause and effect