Oxford Ledge — markets, SEC filings, and free finance lessons. Sunday, September 6th.
A research platform for lifelong students and investors — live markets, SEC filings, and over four hundred free lessons.
LEDGE FACTThe LME's decision to cancel $3.9 billion in nickel trades in March 2022 was one of the most controversial exchange decisions in market history
Today's headlines
Is TTF gas fairly priced as Hormuz, winter risks keep prices elevated?
More carriers halt Russian port calls as Black Sea risks escalate (Container News)
Start with a lesson
No account needed — the lessons are free. Begin with how the market actually works, in plain English, a few minutes at a time.
From the reading list — Book
Benjamin Graham & David Dodd: “Security Analysis”
BDC universe
Business-development companies are private-credit funds that file their loan books quarterly. Most-held borrower across BDCs: iCIMS, Inc. — Software (9 BDCs have reported exposure).
Today's reading
Vertical Spreads: Defined Risk Directional Bets.
Markets
10-year sits at 4.77% as of Sep 3 — up 58 bps from the year's open.
What’s new
- Lessons now read in shorter beats, with more practiceTwelve of the longest LEARN lessons were restructured into headed panels with new check-in questions at the natural pause points - every figure independently verified three ways.
- An Earnings chip joins the news filtersOne click shows earnings-release headlines for the tickers you follow - reports, results and guidance, without wading through the full feed.
- Your daily refresher greets you on the Markets viewA quiet strip under the market calendar shows your 7-day practice ring and streak, with a one-click jump into today's five questions.