Market Anomalies Library
A structured reference for understanding market anomalys across fixed income, macro, market structure and financial infrastructure. Each entry explains what the concept means, why it matters and how to interpret it without presenting it as a guaranteed forecast or investment recommendation.
Negative Bond Yield
Negative Bond Yield is a rates concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Negative Cross-Currency Basis
Negative Cross-Currency Basis is a fx funding concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Negative Repo Rate
Negative Repo Rate is a repo concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Treasury Convenience Yield
Treasury Convenience Yield is a sovereign concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
On-the-Run Premium
On-the-Run Premium is a treasury concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Off-the-Run Discount
Off-the-Run Discount is a treasury concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Failed Treasury Auction
Failed Treasury Auction is a auctions concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Persistent Fails to Deliver
Persistent Fails to Deliver is a settlement concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Settlement Fail Spike
Settlement Fail Spike is a settlement concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Collateral Scarcity
Collateral Scarcity is a collateral concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Safe-Asset Shortage
Safe-Asset Shortage is a collateral concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Flight-to-Quality Paradox
Flight-to-Quality Paradox is a risk concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Bond-Equity Positive Correlation
Bond-Equity Positive Correlation is a cross-asset concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Bond-Equity Correlation Breakdown
Bond-Equity Correlation Breakdown is a cross-asset concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Credit Spread-Yield Divergence
Credit Spread-Yield Divergence is a credit concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Spread Compression in Weak Growth
Spread Compression in Weak Growth is a credit concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Yield Curve False Positive
Yield Curve False Positive is a yield curve concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Recession Without Curve Inversion
Recession Without Curve Inversion is a macro concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Curve Inversion Without Recession
Curve Inversion Without Recession is a macro concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Term Premium Distortion
Term Premium Distortion is a rates concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
QE-Induced Yield Compression
QE-Induced Yield Compression is a central banks concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
QT Without Yield Surge
QT Without Yield Surge is a central banks concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Liquidity Trap
Liquidity Trap is a macro concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Money-Market Rate Dislocation
Money-Market Rate Dislocation is a funding concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
SOFR-EFFR Dislocation
SOFR-EFFR Dislocation is a funding concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
OIS-LIBOR Legacy Dislocation
OIS-LIBOR Legacy Dislocation is a funding concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Volatility Smile
Volatility Smile is a derivatives concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Volatility Skew
Volatility Skew is a derivatives concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Convexity Event
Convexity Event is a bonds concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Index Rebalancing Distortion
Index Rebalancing Distortion is a market structure concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.
Month-End Duration Extension
Month-End Duration Extension is a market structure concept used to read a specific change in market pricing, economic conditions, institutional behavior or financial-system risk.