Atlas / Glossary / Convenience yield Convenience yield The benefit of holding a physical commodity rather than a claim on one. Measured as the gap between the futures price and full carry ; rises when inventories are tight and vanishes when storage is full.
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Where Convenience yield is explained in depth The definition above is the short version. These pages put it to work, in the order they use it most:
Calculators that compute it Terms this definition uses The whole glossary
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