Backwardation: Foward price of a future conract is lower than spot price

Contango: Foward price of a future contract is higher than spot price

Contract for Difference (CFD's)

Quarterly Refunding Announcement (QRA) aka The Refunding

Free Cash Flow (FCF)

Net Operating Income (NOI)

Debt service coverage ratio (DSCR)

Loan to value (LTV)

Personal Consumption Expenditures (PCE)

Producer Price Index (PPI)

SOFR is ex-LIBOR

Goldilocks: An ideal state for an economy whereby the economy is not expanding or contracting by too much. Has steady economic growth, preventing a recession, but not so much growth that inflation rises by too much

Hawkish: Favor higher interest rates to keep inflation in check
Dovish: Favor an interest rate policy that is more accommodative to stimulate spending in an economy


Curve Steepener: buying short-term Treasuries and shorting longer-term Treasuries


Tail Risk: Form of portfolio  Risk that arises when when the possibility that an investement will move more than three standard deviations from the mean 

Pain Trade: Trading against prevailing market sentiment