diff options
Diffstat (limited to 'openbb_terminal/fixedincome/fred_view.py')
-rw-r--r-- | openbb_terminal/fixedincome/fred_view.py | 33 |
1 files changed, 30 insertions, 3 deletions
diff --git a/openbb_terminal/fixedincome/fred_view.py b/openbb_terminal/fixedincome/fred_view.py index c11fe827315..71fbdf7e210 100644 --- a/openbb_terminal/fixedincome/fred_view.py +++ b/openbb_terminal/fixedincome/fred_view.py @@ -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, |