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Raymond Williams was chiefly concerned with the relationship between
T-Bond Futures
Futures contracts based on the expected value of U.S. Treasury bonds, used by investors to speculate on or hedge against future interest rate movements.
Swap
A financial agreement in which two parties exchange cash flows or liabilities from two different financial instruments.
Intrinsic Value
The inherent, objective value of an asset, investment, or company based on its fundamentals, without regard to market value.
Time Value
The concept that money available now is worth more than the same amount in the future due to its potential earning capacity, reflecting the opportunity cost of waiting.
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