In particular, the result suggests that the difference between F(t, T) and f(t, T) is likely to be small if the interval between t and T is short (say, six or nine months), for then the prospect of large, unforeseen changes in interest rates is also small. The important point is that the futures price at the delivery date equals the price of the asset at that date. Gucci Boots For Cheap. It could be that the values obtained from other, non-financial applications are misleading. Gucci Barbara Boots. LIBID is an abbreviation for the London interbank bid rate, an average of rates at which London banks bid for funds. Gucci Boots For Cheap. Their properties are studied in section 12.The properties of the more familiar coupon-paying bonds are studied in section 12.3, which also introduces an index of the responsiveness of a bond's price to its yield: the Macaulay duration. Gucci Bamboo Slides. But in equity markets the applicability of the arbitrage principle is more limited: extra theoretical apparatus (e.g. Gucci Boots For Cheap. The expectations hypothesis maintains, however, that expectations of future bond yields determine the relationships among currently observed yields, irrespective of the existence of forward markets.