By comparing sales data to advertising spending over time, Nissan can plot a demand curve showing the points at which a campaign starts to gain and lose steam.
Implied yields on 90-day bill prices slipped by three basis points along the curve and the lower yield environment spread to the long end where benchmark 10-year yields dropped by three basis points to 5.45%.
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The 2013 strip slid by eight basis points as the curve flattened further while nearby contracts saw implied yields decline by three pips.
Eurodollar futures plunged at the sight of another strong posting and within minutes reflected a surge in implied yields of 17 basis points with the curve steepening at further maturities.
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The two-10-year spread also flattened hugely with the gradient of the curve falling below 200 basis points (2%) for the first time since October and ahead of the expected second round of quantitative easing.
Eurodollar futures expiring beyond June 2013 surged with implied yields slumping by 18 basis points as the yield curve flattened.
Short-end bill prices fell sending implied yields higher by five basis points forcing the gradient of the curve higher as the steepening process grinds forward.
On the other risk, a real tightening of monetary policy, Winmill explained that the end of QE2 acted like a tightening of 300 basis points along the middle of the curve.
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With any issue having to do with unfair treatment of a group of people, points of view exist along a bell curve.
Two points worth noting: the first being quite obviously that there really is a Laffer Curve.
If you pick up all the temperature data points in the sky map and put them in histogram, you should get a nice bell curve.
The Advanced Gamma Adjustment function has been improved in the PT-AE8000U, enabling users to control the gamma curve and more precisely calibrate the projector by adjusting brightness Y and R, G and B at any of 15 points.
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