期货溢价

In fact, crude began its most recent backwardation in August 2007 at around $75/barrel and increased dramatically over the next nine months to $133/barrel at contango levels.

事实上，原油价格在2007年8月每桶75美元的时候开始其最近一次的现货溢价，随后油价在接下来的9个月内暴涨至每桶133美元的期货溢价水平。

Also, private investors have to factor in the movement back and forth between contango and backwardation as well as consider the impact of any move in Treasury Bill yields.

此外，私人投资者必须考虑到期货溢价和现货溢价之间的来回波动，同时还要考虑到美国国债收益率波动带来的影响。

These actions exacerbate backwardation (premium for prompt over forward prices).

交易者的这些决策加剧了现货溢价（指现货价格超过期货价格）问题。

Backwardation is the opposite of contango, representing a situation in which the spot price is higher than the price for future delivery.

现货溢价正好和期货溢价相反，表示现货价格高于期货价格的一种情况。

Gold is not an asset that is consumed but rather stored, so it is traditionally in what is called a contango market, meaning the price for future delivery is higher than the spot price (which is for immediate settlement).

黄金不是一个用于消费的资产，而是储存价值的资产，因此它处于传统所谓的期货溢价市场，也就是期货价格高于现货价格。

Such a condition, known as contango, would erode the ETF's returns, because CYB invests exclusively in one-month forwards.

这种期货溢价的状况可能会损害CYB的回报，因为这只ETF只投资1个月远期产品。

Income from securities and other nonbusiness invest－ ments﹔such as DIVIDENDS, OPTION PREMIUNS, income from a ROYALTY or ANNU－ ITY,and CAPITAL GAINS on stocks,bonds,options,futures, and precious metals.

来自证券和其它非营业性投资的收入，诸如股利、利息、期权溢价、版税或年金收入，以及股票、债券、期权、期货和贵金属的资本增值。

This is sensible because gold has a carrying cost, in the form of storage, insurance, and financing, which is reflected in the time premium for its futures.

这是有道理的，因为黄金具有资产持有费用，如存储、保险、和融资的费用，这反映在黄金期货的时间溢价。

The labia have now been sutured together almost completely.The drains and the Foley catheter come out at the top.

此刻阴唇已经几乎完全的缝在一起了，排除多余淤血体液的管子和Foley导管从顶端冒出来。

To get the business done, I suggest we split the difference in price.

为了做成这笔生意，我建议我们在价格上大家各让一半。