contango
pronunciation
How to pronounce contango in British English:
UK [kənˈtæŋgəʊ]
How to pronounce contango in American English:
US [kənˈtæŋgoʊ]
Word Origin
- contango
- 1853, a stockbroker's invention, perhaps somehow derived from continue, or from Spanish contengo "I contain, refrain, restrain, check." As a verb, from 1900.
Example
- 1. Contango and inversion all futures markets offer contracts for several delivery months at the same time .
- 2. Because the futures curve is in steep contango ( in other words , prices rise into the future ) and borrowing and warehousing costs are low , this generates a solid return .
- 3. Many advisers recommend against oil etfs , which suffer from a market malady known as " contango . "
- 4. New york crude futures for delivery in december , trading near $ 56 a barrel , currently cost some $ 15 a barrel more than march futures , a market situation known as contango , where prices are higher for later delivery .
- 5. In fact , crude began its most recent backwardation in august 2007 at around $ 75 / barrel and increased dramatically over the next nine months to $ 133 / barrel at contango levels .