contango

简明释义

英[kənˈtæŋɡəʊ]美[kənˈtæŋɡo]

n. [经] 交易延期费；期货溢价；延期日息；期货溢价

vt. 为…付交易延期费

vi. [经] 付交易延期费

复 数 c o n t a n g o s 或 c o n t a n g o e s

第 三 人 称 单 数 c o n t a n g o e s

现 在 分 词 c o n t a n g o i n g

过 去 式 c o n t a n g o e d

过 去 分 词 c o n t a n g o e d

英英释义

单词用法

同义词

反义词

例句

1.With low rates, there isn't sufficient contango to create higher prices in the out years.

在低利率的情况下，就不会有足够的递延费来创建未来年份的高价格。

2.While a contango, the more common scenario with futures, implies that nearby contracts are cheaper than forward ones, backwardation refers to the opposite scenario, in which nearby prices are higher.

然而未来铝价呈现顺价结构将会成为一种更为普遍的现象，这意味着近期合约价格要比远期合约价格更低，而铝价倒挂的情况刚刚相反。

3.The contango is likely to flatten as supply cuts by OPEC and other producers take effect, reducing the availability of oil for immediate delivery, Currie said.

柯里说，当欧佩克(opec)和其他石油生产国的减产开始产生作用，立即交货的可能性也将随之下降。

4.While a contango, the more common scenario with futures, implies that nearby contracts are cheaper than forward ones, backwardation refers to the opposite scenario, in which nearby prices are higher.

然而未来铝价呈现顺价结构将会成为一种更为普遍的现象，这意味着近期合约价格要比远期合约价格更低，而铝价倒挂的情况刚刚相反。

5.There is one ETF that buys futures contracts - PowerShares DB Base Metals, which purchases aluminum, zinc and copper and varies the contracts it buys to minimize contango.

有一个交易所买卖基金购买期货合同的PowerShares D B贱金属，购买铝，锌，铜，和不同的合同购买，以尽量减少价差。

6.Backwardation is the opposite of contango, representing a situation in which the spot price is higher than the price for future delivery.

现货溢价正好和期货溢价相反，表示现货价格高于期货价格的一种情况。

7.What that means is that within the thicket of terms like VaR, backwardation, contango, tranche, and junk bond, we find some familiar animal friends - although often in some strange contexts.

而在错综复杂的诸如加值型经销商、现货溢价、期货溢价、一期款项、垃圾债券这类术语中，还有一些我们熟悉的动物伙伴——尽管它们也常出现在奇怪的语境中。

8.Contango is the normal relationship between the spot price and the futures price and is the opposite of backwardation.

期货升水是现货与期货价格之间的正常关系。

9.It may guarantee the following items: the abrupt increase of bonds return rate and Treasury bonds rate, higher contango, bankruptcy or default.

该衍生工具可保障的范围包括：价格贴水加深、无力偿还或违约以及债券收益与公债间的利率突然增加等。

10.Investors often take advantage of contango by buying commodities at lower spot prices and selling futures contracts.

投资者通常通过以较低的现货价格购买商品并出售期货合约来利用顺期。

11.In the futures market, a situation of contango occurs when the futures price is higher than the spot price.

在期货市场中，当期货价格高于现货价格时，会出现顺期的情况。

12.Traders need to be cautious in a contango market as it can indicate oversupply.

交易者在顺期市场中需要谨慎，因为这可能表明供应过剩。

13.A prolonged contango can signal a bearish outlook for the underlying asset.

持续的顺期可能预示着基础资产的看跌前景。

14.During periods of contango, holding onto a commodity can lead to losses if the price does not rise.

在顺期期间，如果价格不上涨，持有商品可能会导致亏损。

作文

In the world of finance, understanding various terms and concepts is crucial for making informed investment decisions. One such term that often comes up in discussions about futures markets is contango. This concept refers to a situation where the future price of a commodity is higher than its spot price. In simpler terms, it means that if you were to buy a commodity today and then sell it at a future date, the price you would receive in the future is expected to be greater than what you paid today. contango (正向市场)在商品期货交易中经常出现，尤其是在那些具有储存成本的商品，比如石油、天然气和金属等。Contango can arise due to a variety of factors, including carrying costs, supply and demand dynamics, and market expectations. For instance, if traders believe that the price of oil will rise in the coming months due to anticipated supply shortages, they might be willing to pay a premium for future contracts, leading to a contango situation. This is particularly relevant for investors who are involved in commodities trading and need to understand how these market conditions can affect their portfolios.The implications of contango extend beyond just the pricing of commodities. It can also influence the strategies employed by traders and investors. For example, when a market is in contango, it may be more advantageous for traders to hold onto their contracts rather than selling them immediately. This is because the expectation of rising prices can lead to potential profits if they wait for the right moment to sell. However, this strategy also comes with risks, as market conditions can change rapidly, and what seems like a profitable decision today may not hold true tomorrow.Moreover, contango can impact exchange-traded funds (ETFs) that focus on commodities. Many of these funds rely on futures contracts to gain exposure to the underlying assets. When a market is in contango, these funds may face challenges as they roll over their contracts from one month to the next. As they sell expiring contracts at lower prices and buy new ones at higher prices, the fund's performance can suffer, leading to a phenomenon known as 'negative roll yield.' This is something that investors need to keep in mind when considering investing in commodity-focused ETFs during periods of contango.In conclusion, contango is a vital concept in the realm of futures trading and commodities markets. Understanding its implications can help investors navigate the complexities of market dynamics and make better-informed decisions. Whether you are a seasoned investor or just starting, being aware of the conditions that lead to contango and how it affects pricing and trading strategies is essential for successful investment management. As markets continue to evolve, staying informed about terms like contango will remain a key component of any investor's toolkit.

在金融世界中，理解各种术语和概念对于做出明智的投资决策至关重要。其中一个在期货市场讨论中经常出现的术语是contango。这个概念指的是一种情况，即商品的未来价格高于其现货价格。简单来说，这意味着如果你今天购买一种商品，然后在未来某个日期出售它，你在未来收到的价格预计会高于你今天支付的价格。contango（正向市场）在商品期货交易中经常出现，尤其是在那些具有储存成本的商品，比如石油、天然气和金属等。Contango可能由于多种因素而产生，包括持有成本、供需动态和市场预期。例如，如果交易者相信，由于预期的供应短缺，未来几个月油价将上涨，他们可能愿意为未来合约支付溢价，从而导致contango情况。这对于参与商品交易的投资者尤其相关，他们需要了解这些市场条件如何影响他们的投资组合。contango的影响不仅限于商品定价。它还可以影响交易者和投资者采用的策略。例如，当市场处于contango时，交易者持有合约而不是立即出售可能更具优势。这是因为对价格上涨的预期可能导致潜在利润，如果他们等待合适的时机出售。然而，这种策略也伴随着风险，因为市场条件可能迅速变化，今天看似盈利的决定明天可能不再成立。此外，contango还可以影响专注于商品的交易所交易基金（ETF）。许多这些基金依赖期货合约来获得对基础资产的敞口。当市场处于contango时，这些基金在从一个月到下一个月滚动合约时可能面临挑战。由于他们以较低的价格出售即将到期的合约，并以较高的价格购买新合约，基金的表现可能会受到影响，导致一种称为“负滚动收益”的现象。这是投资者在考虑在contango期间投资商品相关ETF时需要牢记的事情。总之，contango是期货交易和商品市场领域的重要概念。理解其影响可以帮助投资者驾驭市场动态的复杂性，并做出更明智的决策。无论你是经验丰富的投资者还是刚刚起步，了解导致contango的条件以及它如何影响定价和交易策略对于成功的投资管理至关重要。随着市场的不断发展，保持对像contango这样的术语的关注将仍然是任何投资者工具包中的关键组成部分。