1. About half the normal amount of trades took place as traders were reluctant to place bets ahead of the long weekend. 2. Bond traders will not be willing to pay full price for a bond that has a low interest rate. 3. From the point of view of other firms, Salomon mortgage traders were cheap at any price. 4. If traders are risk-averse, as volatility increases, the size of any risk premium will also tend to increase. 5. Just as some people are mean drunks, mortgage traders were mean gluttons. 6. Mortgage traders were the sort of fat people who grunt from the belly and throw their weight around, like sumo wrestlers. 7. Two-and three-year maturities were more active and traders were eager to pay fixed rates. 8. While traveling the ancient Silk Road, traders were constant prey to cutthroats and thieves. 9. We cannot see how self regulation schemes could be expected to work as neither car boot sale organisers or the traders involved are part of any coherent organisation. 10. Local traders would be sad to see the rally leave Wroughton -- the event already brings in an estimated one million pounds each year. |