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Cable – Trader jargon referring to the Sterling/US Dollar exchange rate. So called because the rate was originally transmitted via a transatlantic cable beginning in the mid 1800′s. Candlestick Chart – A chart that indicates the trading range for the day as well as the opening and closing price. If the open price is higher than the close 16 Words That Will Make You Sound Like A Wall Street ... If a bond exhibits positive convexity, the price increases at an accelerating rate when market interest rates fall. And vice versa. Use: Generally used as a risk management tool for a bond

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