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Quantitative Finance · Begrippenlijst

Wat is Market recap?

Definition 18.3 The Interview Book · Hoofdstuk 18 — Fixed Income and Markets

A market recap is a candidate’s short account of a trading session asked for in an interview: the level and change of a few key prices, the cause, the links across asset classes, and what the candidate would watch next, in two minutes.

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Example 18.5 (A recap from a table)

A synthetic session: a payroll number well above consensus; two-year yields +12+12 bp, ten-year +5+5 bp; the dollar +0.8%+0.8\%; an equity index −0.9%-0.9\% at the open and −0.4%-0.4\% at the close. Recap: “A strong payroll print moved front-end rate expectations up, so two-year yields rose 12 basis points and the two-to-ten curve flattened 7; higher expected rates lifted the dollar. Equities fell at the open on rates and recovered half of it as the growth reading was digested. I would watch whether the front end holds the move into the next inflation release.”

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