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Wednesday, June 1, 2011

marvella joins a team- act 2 scene 2 edit 1

Marvella joins a team- act 2 scene 2 edit 1

fiction
edward w pritchard

The Meeting

The house is so small that the meeting was moved to the deck over looking the small back yard. People in the group move in and out of the deck doors bringing food, wine or beer. Eventually however, the group of five get down to business and the conversation gets around to bond trading and the yield on the ten year US treasury bond.

Current rates on the ten year bond is a yield of 2.92 per cent. In a few days trading on the 10 year bond will be stopped for a few hours and a new rate will be set by the IMF by fiat. Technically reminds Tony, the market will anticipate the effect of the bond trading stoppage and the market will attempt to anticipate the new rate. The group must try to judge the new rate and then speculate on the change in rate from the existing rate at the time the market closes. 
end act 2 scene 2 draft 1

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