Futures · Futures specialist topics · lesson 2 of 9 · 6 min read · David Alexander
Term structure across the families
the general taxonomy
Every family's curve, one framework: the shape is the carry, the carry is the family's costs and incomes of holding the underlying, and deviation from the family's own normal is the read. Physical curves wear storage and tightness; financial curves wear financing minus income; and the framework's one true exception - the family whose curve prices expectations - gets lesson 7 to itself.
This lesson is part of the advanced modules.
Modules 6 to 8 are included with a paid account. The definitional summary above is the whole of this page until then.