STIRS
A short-term interest rate (STIR) future is a futures contract that derives its value from the interest rate at maturation. Common short-term interest rate futures are Eurodollar, Euribor, Euroyen, Short Sterling and Euroswiss, which are calculated on LIBOR at settlement, with the exception of Euribor which is based on Euribor. This value is calculated as 100 minus the interest rate.
Read more about this topic: Interest Rate Future
Famous quotes containing the word stirs:
“Dear sensibility! source inexhausted of all that’s precious in our joys, or costly in our sorrows!... eternal fountain of our feelings!—’tis here I trace thee—and this is thy divinity which stirs within me ...—all comes from thee, great—great SENSORIUM of the world!”
—Laurence Sterne (1713–1768)
“O Nature, and O soul of man! how far beyond all utterance are your linked analogies! not the smallest atom stirs or lives in matter, but has its cunning duplicate in mind.”
—Herman Melville (1819–1891)
“Because of that great nobleness of hers
The fire that stirs about her, when she stirs,
Burns but more clearly.”
—William Butler Yeats (1865–1939)