We use the Henry Hub spot
price as a benchmark for the industry.
Tier 1 remedies use the purchase
price as a benchmark.
Let's take
price as our benchmark here.
Not exact matches
The chart below shows indexed month - end stock
prices for each bank during their CEO's tenure,
as well
as the performance of a
benchmark, the S&P / TSX Composite Index Financials Sector Index GICS Level 1 (STFINL):
U.S. government bonds serve
as a
benchmark against which other bonds are
priced — especially the Canadian variety, given the close ties between the two economies.
The
benchmarks the industry relies on, such
as the published average wholesale
price, are built on antiquated data and bear little relation to real costs.
The energy market could have a new
benchmark oil
price when Dubai launches its Middle East sour crude futures contract
as an alternative to New York's NYMEX light crude oil futures and London's IPE Brent crude oil.
The Bank of Canada said nothing in public about the possible merits of deficit spending
as it twice cut its
benchmark interest rate last year to offset the collapse of oil
prices.
They serve
as benchmarks for the terms — just
as the Kelley Blue Book sets
prices for a used car or an earnings multiple is used to value a company.
Benchmark 10 - year Treasury
prices dipped on Wednesday
as a recovery in oil
prices helped stocks move higher.
Benchmark spot gold
prices were on course for an over 1 percent decline this week, pressured by a thaw in tensions on the Korean peninsula and a stronger dollar
as investors looked to riskier assets such
as equities.
The Shanghai oil futures contract is similarly designed to wrest some control over
pricing from the main
benchmarks in New York and London — West Texas Intermediate (WTI) and Brent — and to promote the use of the yuan, also known
as the renminbi.
The difference between Brent and a barrel of Western Canadian Select, the
benchmark price for oil sands product, was even more significant, a fact that had caused considerable hand wringing in downtown Calgary
as well
as on Parliament Hill.
The
price of hot - rolled steel coil, the
benchmark product, is down about 40 percent this year, with domestic mills idling
as much
as 38 percent of capacity after imports climbed by 38 percent in 2014.
The 10 year maturity U.S. Treasury Note (UST 10 yr) is thought to be the primary
benchmark for the U.S. bond market because it has the largest issuance and is used
as the basis for fixed rate mortgage
pricing.
Benchmark crude
prices slipped back to average about $ 45 / bbl in August,
as Russia and Saudi Arabia continued to produce at record - high levels.
As such, CBOE's bitcoin futures contracts could be vulnerable to manipulation because the 4 p.m. ET Gemini auction is the sole determinant of the
benchmark price.
As usual, the development of local currency sovereign bond markets has helped by providing a
benchmark for
pricing.
Second, given bitcoin's tremendous
price volatility, it does not qualify
as a numeraire — a commonly accepted
benchmark used to assign value to goods and services.
Floating - rate * The coupon on a floating - rate corporate bond changes in relationship to a predetermined
benchmark, such
as the spread above the yield on a six - month Treasury or the
price of a commodity.
Following a January rally, the global commodities complex underwent declines in February before partially recovering in March; for the first quarter
as a whole, the
benchmark Thomson Reuters CoreCommodity CRB Index (CRB) gained 0.8 % on a
price - only basis.1 Among the 19 component commodities tracked by the CRB, advancers had a slight edge over decliners, buoyed by growth in global economies and weakness in the trade - weighted US dollar, which retreated 2.1 %, according to the Federal Reserve's (Fed's) US Dollar Index.1 Aside from robust gains for a host of agricultural products, oil and gold were also among the commodity winners.
Following a January rally, the global commodities complex underwent declines in February before partially recovering in March; for the first quarter
as a whole, the
benchmark Thomson Reuters CoreCommodity CRB Index (CRB) gained 0.8 % on a
price - only basis.
In the last year, the spread between what a barrel of oil is worth in the Midwest (called WTI — which is usually the oil
price you see on the nightly news) and what it's worth either on the Gulf Coast (LLS) or when shipped to Europe (called Brent — which is generally used
as a
benchmark for world
prices) has widened to historic levels.
As shown in the following chart, the price of West Texas Intermediate (WTI)-- a benchmark for crude oil — fell early in 2016, sparking a global loss aversion shift as investors began looking for a potentially higher - yielding investment opportunit
As shown in the following chart, the
price of West Texas Intermediate (WTI)-- a
benchmark for crude oil — fell early in 2016, sparking a global loss aversion shift
as investors began looking for a potentially higher - yielding investment opportunit
as investors began looking for a potentially higher - yielding investment opportunity.
UNG's investment objective is for the daily changes in percentage terms of its shares» net asset value to reflect the daily changes in percentage terms of the natural gas
price delivered at the Henry Hub, La.,
as measured by the daily changes in the
benchmark futures contract minus expenses.
Interestingly, just
as in every other commodity market, the greatest defense for venture capitalists turns out to be brand: firms like
Benchmark, Sequoia, or Andreessen Horowitz can buy into firms at superior
prices because it matters to the startup to have them on their cap table.5 Moreover, Andreessen Horowitz in particular has been very open about their goal to offer startups far more than money, including dedicated recruiting teams, marketing teams, and probably most usefully an active business development team.
After trading
as low
as US$ 27 a barrel in mid-February, the
price of West Texas Intermediate, a grade of light, sweet crude used
as a North American
benchmark, is closing in on US$ 50 a barrel in the wake of several supply outages around the globe and renewed optimism in some quarters about a re-balancing of a previously over-supplied market.
The
benchmark has been gyrating between resistance at this short - term moving average and support at the 200 - day moving average for the past three weeks, charting large intraday swings
as investors attempt to find a level of comfort amongst equity
prices.
Using monthly dividend - adjusted closing
prices for these ETFs, along with contemporaneous data for SPDR S&P 500 (SPY)
as a
benchmark, during December 1998 through December 2017 (229 months), we find that:
«At this level of imports from OPEC, Middle Eastern producing nations will be watching closely
as they could, in time, face pressure from their Chinese buyers to adopt this
benchmark for
pricing their physical crude contracts,» the cartel said in its monthly report.
Most simply, these two
benchmarks serve
as an easy way for financial institutions to determine the
price of money.
While the official goal of the new futures contract is to establish a regional
benchmark for more useful
pricing of the crude grades prevalent on the Chinese market, analysts see the yuan oil futures
as a step toward China seeking wider acceptance of its currency in global trade, including the oil trade, and establishing a petro - yuan that could challenge, in the future, the dominance of the petrodollar.
OPEC, especially its Middle Eastern producers, will be closely watching the futures contract because once established, the Chinese reference crude
price could act
as a regional
benchmark for negotiations of spot or term crude oil
prices.
The leading non-US
benchmark for oil
prices reached its highest level for more than two years,
as Turkey threatened to disrupt supplies from Kurdish oilfields in northern Iraq in response to the autonomous Kurdish region's referendum on independence.
While floaters may be linked to almost any
benchmark and pay interest based on a variety of formulas, the most basic type pays a coupon equal to some widely followed interest rate or a change in a given index over a defined time period, such
as the year - over-year change in the Consumer
Price Index (CPI), plus a fixed spread in basis points (1bp = 1/100 of 1 % or.01 %).
Nevertheless, US
benchmarks were less volatile,
as US shale oil production continued to increase in response to higher global
prices, while US oil exports reached record levels.
An important determinant of a floater's performance is the underlying
benchmark or the reference rate, such
as year over year change in the CPI (Consumer
Price Index).
Corporate borrowing rates are often
priced as a spread to an interest rate
benchmark.
In addition to market indexes and ETFs, the movement of stock
prices of four main companies in the financial services sector — Wells Fargo, J.P. Morgan Chase, Berkshire Hathaway and Goldman Sachs — are also sometimes utilized
as benchmarks for the entire sector.
LIBOR is the most widely used reference rate globally and is commonly used
as the
benchmark from which bank loans, bonds and interest rate derivatives are
priced.
The yield on the
benchmark 10 - year OFZ rose
as high
as 7.32 percent on Monday
as the
price of the bond fell.
Benchmark interest rates, such
as the LIBOR and the Fed funds rate, affect the demand for money by raising or lowering the cost to borrow — in essence, money's
price.
Rather, the increase in spreads appears to reflect both tightness in the Commonwealth Government bond market (where supply remains limited and demand by foreign investors appears to have increased) and upward pressure on swap rates (one
benchmark against which corporate bonds are
priced)
as companies have sought to lock in fixed - rate borrowings due to expected increases in interest rates.
We can argue about what an appropriate index is to
benchmark returns here, but in Q1 it really didn't matter
as a mixture of hype and hope pushed company share
prices higher than either index.
Europe, where nearly 50 per cent of vehicles are fuelled by diesel, is home to the global
benchmark for diesel
prices and the biggest storage hub for the road fuel
as regional refineries are unable to meet local demand.
As you can see in the table above, which looks at the
price differential between the Brent global
benchmark price and the West Texas Intermediate
price (the amount by which North American oil
prices differ from average international
prices each year), the problem is that the
price differential between 2011 and 2013 was exceptional.
There is also the prospect of
price loss
as the Federal Reserve (Fed) has started raising its
benchmark lending rate amid a stronger U.S. economy (a bond's yield moves in the opposite direction of its
price).
Oil and gas equities have been underperforming crude oil
prices since the middle of 2017, but the outlook for energy stocks deteriorated further in the past two weeks,
as major oil
benchmarks have declined more than 10 per cent.
«This reality will not change even if large volumes reach tidewater for export,
as the difference in
price that existed over the past few years between the inter - national
benchmark — Brent Crude — and North America's
benchmark — West Texas Intermediate (WTI)-- which did provide a premium for tidewater access over the past few years, has now been reduced to almost nothing.»
The actual carbon
pricing for all this is the same
as the carbon levy
benchmark, i.e. $ 10 / tonne in 2018, rising to $ 50 / tonne in 2022 (see Schedule 4 of the legislative proposal).