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Do daily price limits act as magnets? The case of Treasury bond futures.

Authors :
Arak, Marcelle
Cook, Richard E.
Source :
Journal of Financial Services Research; Aug97, Vol. 12 Issue 1, p5, 16p, 1 Diagram, 6 Charts
Publication Year :
1997

Abstract

Investigates the price behavior in the United States Treasury bond futures market. Effects of proximity to a price limit on the price behavior; Tendency of the price to reverse direction after the morning open; Examination of an alternative hypothesis on price behavior; Indications of price reversals.

Subjects

Subjects :
BOND market

Details

Language :
English
ISSN :
09208550
Volume :
12
Issue :
1
Database :
Complementary Index
Journal :
Journal of Financial Services Research
Publication Type :
Academic Journal
Accession number :
9712195117
Full Text :
https://doi.org/10.1023/A:1007955909944