Wikipedia:Featured article candidates/Yield curve/archive2
- recreated from incorrectly archived nomination at Wikipedia:Featured article candidates/Yield curve/archive1
The Yield Curve is a central concept in finance. To understand, for example, the differences between equity and debt investing, to understand why LTCM blew up, etc., one has to have this foundation. People interested in those important questions will want a good solid reference article on what the yield curve is, why it usually looks like it does, and why it sometimes looks different. This article is splendid. --Christofurio 20:47, Feb 13, 2005 (UTC)
Object. 1) How can this be a solid reference article if it does not have any references backing it? 2) I'd like to see this article copyedited (italicize variable names, format inline formulas ("1y<=t<=60y" - programmer style inequalities don't look good in featured articles, etc.). 3) The lead section does not exactly give an overview of the topic. Currently, about half of the lead is concerned with particular examples of yield curves instead of the general concept. 4) The article seems rather short. My knowledge of economics is insufficient to immediately see what could be missing, but there sure there's more to be said about it if it is "a central concept in finance" 5) An image is worth a thousand words. Why not provide a few graphs to accompany examples?Phils 15:35, 14 Feb 2005 (UTC)
- All I can say is "wow". The article improved greatly since it was first put on FAC. All my objections have been more than addressed. This has my support Phils 19:11, 19 Feb 2005 (UTC)
- 1,2 and 5 should be fairly trivial for me to fix in due course. Not sure 3,4 quite get to the heart of why this article isn't as good as it possibly could be, but they do correctly hint that there is room for improvement IMO. Hopefully I will have time to revisit it before this noimation ends. Pcb21| Pete 22:23, 14 Feb 2005 (UTC)
- Object. Phils outlines most of my concerns already. In addition: 1) What is the history of the "Yield curve"? When was it "discovered", first used, what were important developments, etc. 2) I get the idea most of the current sections overlap somewhat. A review of the structure would be good. Something along the lines of Theory-History-Practice would seem appropriate. Jeronimo 07:53, 16 Feb 2005 (UTC)
- Good point about history. I'll put together something along those lines, and adapt the structure appropriately, in the next couple of days.--Christofurio 13:35, Feb 16, 2005 (UTC)
- Christofurio is already makign good progress on this. I hope I will be able to chip in again on Saturday and then we can review again. Pcb21| Pete 18:11, 16 Feb 2005 (UTC)
- Object. There are next to no discussions with the use of the yield curve in pricing bonds, e.g., trading on steepening yield curves, carry trade, spread trade, etc. --JuntungWu 16:41, 17 Feb 2005 (UTC)
- It would be really great if you could help adding this side of things to the article.... pretty please. Pcb21| Pete 21:16, 17 Feb 2005 (UTC)
- I just realised that my objection guarantees a massive expansion as the article then have to start talking about how changes to the Federal Funds Rate changes the US yield curve (first off because there's not even a mention of how the yield curve moves right now), premiums for various types of securities over US treasury bonds, narrowing of spreads depending on liquidity (and why long term yields are belong short term yields in some cases), pricing fixed income T&M products, etc. etc.. personally it'll take me (much more) time than that required for FAC to fix this. JuntungWu 01:36, 18 Feb 2005 (UTC)
- It would be really great if you could help adding this side of things to the article.... pretty please. Pcb21| Pete 21:16, 17 Feb 2005 (UTC)