T-Bill Maturities and How Yields Are Quoted
The T-bill maturities Treasury actually auctions, and why a nine-month bill yield has to be interpolated from the two published points on either side of it.
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On-the-Run vs Off-the-Run Treasuries
On-the-run vs off-the-run Treasuries: what makes the newest auction issue the benchmark, why it yields less, and how buybacks target seasoned bonds.
How VIX Settlement Works: the SOQ
VIX settlement uses the SOQ, a Special Opening Quotation built from SPX opening prices under a zero bid strike rule. How the print is made, and why it gaps.
KRX After-Hours Trading: Korea's Sessions
KRX after-hours trading explained: the closing price windows, the new 4 p.m. to 8 p.m. after market, which price each order gets, and the KST to ET shift.
What Does Cross Mean in Trading? 4 Meanings
In trading, cross means four things: the opening and closing cross auctions, a broker's cross trade, a crossed market, and chart crosses. Here is each one.
What Is the Opening Auction? How Stocks Open
What the opening auction is, how one 9:30 a.m. cross sets each stock's official opening price, and why the open can differ from the first trade of the day.