jerry/OpenBB
1
0
Fork 0
mirror of https://github.com/OpenBB-finance/OpenBB.git synced 2026-10-27 12:40:35 +00:00
Code Issues Packages Projects Releases Wiki Activity

Cleaned up CP (#5070)

Browse Source 
Co-authored-by: James Maslek <jmaslek11@gmail.com>
Co-authored-by: Danglewood <85772166+deeleeramone@users.noreply.github.com>
This commit is contained in:
Colin Delahunty
2023-05-26 05:56:38 -07:00
committed by GitHub
parent 8e21b340e0
commit d0b815b8f7
1 changed files with 30 additions and 3 deletions
Download Patch File Download Diff File Expand all files Collapse all files

33
openbb_terminal/fixedincome/fred_view.py
View File

@@ -1452,9 +1452,36 @@ def plot_cp(
)
if description:
for title, description_text in series[["Title", "Description"]].values:
console.print(f"\n[bold]{title}[/bold]")
console.print(description_text)
message = (
"To calculate CP interest rate indexes, the Federal Reserve Board uses DTCC's data for certain trades"
" to estimate a relation between interest rates on the traded securities and their maturities. In this"
" calculation, the trades represent sales of CP by dealers or direct issuers to investors (that is,"
" the offer side) and are weighted according to the face value of the CP so that larger trades have"
" a greater effect on the resulting index. With the relation between interest rates and maturities"
" established, the reported interest rates represent the estimated interest rates for the specified"
" maturities.\n\n"
"Interest rates calculated through the process described above are a statistical aggregation"
" of numerous data reflecting many trades for different issuers, maturities, and so forth."
" Accordingly, the reported interest rates purport to reflect activity in certain segments"
" of the market, but they may not equal interest rates for any specific trade. As with other"
" statistical processes, this one is designed to minimize the difference between the interest"
" rates at which actual trades occur and the estimated interest rates.\n\n"
"CP trades included in the calculation are chosen according to the specifications listed in the"
" table below. Data to assess CP trades relative to these criteria are updated daily from numerous"
" publicly available sources. Standard Industrial Classification (SIC) code classifications are"
" taken from the Securities and Exchange Commission (SEC) Directory of Companies Required to File"
' Annual Reports with the SEC. When an issuer"s primary SIC code is not reported in the SEC'
' directory, the primary SIC code reported in the issuer"s financial reports is used; otherwise,'
" SIC codes are determined upon consultation with the Office of Management and Budget's Standard "
"Industrial Classification Manual or its Supplement.\n\n"
"For a discussion of econometric techniques for fitting the term structure of interest rates, including"
' bibliographic information, see, for example, William S. Cleveland, 1979, "Robust Locally'
' Weighted Regression and Smoothing Scatterplots," Journal of the American Statistical Association,'
" 74, 829-36, or William S. Cleveland, Susan J. Devlin, and Eric Grosse, 1988,"
' "Regression by Local Fitting," Journal of Econometrics, 37, 87-114.\n\n'
"Source: https://www.federalreserve.gov/releases/cp/about.htm"
)
console.print(message)
export_data(
export,